New Delhi: All health insurance companies will now have to provide health insurance to citizens upto the age of 65 and settle all claims within a month. According to the new regulations by the Insurance Regulatory and Development Authority (IRDA), there will be no exit age for policy renewals and all policies will allow for treatment across India. Also, life insurers can offer products with a four-year term while non-life...
07:18 AM, Jun 01, 2012
New Delhi: Air travel is all set to get costlier for those flying in and out of Delhi. The Airports Economic Regulatory Authority (AERA) has decided to raise the User Development Fee by a whopping 346 per cent. This comes into effect from Tuesday. This means those taking domestic flights will have to shell out anything between Rs 195 to Rs 462 depending on the distance travelled. For international fliers,...
08:41 AM, May 15, 2012
New Delhi: Conceding to a major demand of broadcasters, telecom regulator TRAI on Monday barred Multi-System Operators (MSOs) from demanding 'placement fee' from channels in lieu of placing them in select slots. In a statement issued on Monday, the Telecom Regulatory Authority of India said it had issued amendments to the Interconnection Regulations which were earlier issued on April 30, and applicable to Digital Addressable Cable TV Systems. "Multi-system operator...
11:23 PM, May 14, 2012
New Delhi: India's telecoms regulator on Sunday reaffirmed most of its proposed rules for an auction of mobile airwaves, including a steep base price for bids, despite howls of protests by carriers in the world's second-biggest mobile phone market. The Telecom Regulatory Authority of India (TRAI) had last month suggested an auction starting price that is nearly 10 times of what carriers had paid in a 2008 state grant process...
06:05 PM, May 14, 2012
New Delhi: The government announced an inquiry on Friday into the functioning of the main drug regulator, just days after a parliamentary report exposed dysfunction within the agency and serious irregularities in the drug approval process. The government said in a statement that it had appointed three experts to look at the scientific basis of approving new drugs without clinical trials and recommend ways of improving the procedures of the...
02:13 PM, May 11, 2012
New Delhi: Air travel cost from Delhi would go up from May 15 when higher user development fee (UDF) becomes effective for all domestic and international passengers while departing or arriving at the IGI Airport. The Airports Economic Regulatory Authority (AERA) had on April 25 decided to raise airport charges, including UDF, by a whopping 346 per cent for two years, with airlines protesting the move and saying they and...
04:53 PM, May 09, 2012
New Delhi: Television viewers will soon get to choose a minimum of hundred Free to Air (FTA) channels at a maximum retail price of Rs 100, as per new tariff rules for Cable TV announced by Telecom Regulatory Authority of India (TRAI) on Monday. According to the regulatory framework for Digitalised Cable TV brought out by TRAI to safeguard consumers' interests, cable operators will have to mandatorily offer a Basic...
09:46 AM, May 01, 2012
New Delhi: In a move that would soon raise air travel costs from the Indira Gandhi International Airport, the Airports Economic Regulatory Authority (AERA) on Wednesday decided to raise landing, parking and other charges by a whopping 346 per cent for two years. In its latest order, AERA also fixed higher rates of user development fees (UDF) for both incoming and outgoing domestic and international passengers this year, with the...
09:01 PM, Apr 25, 2012
New Delhi: The post-recess budget session of Parliament resumed on Tuesday. The government is planning to bring in three key finance sector reforms " the Pension Regulatory Bill, the Insurance Bill and the Banking Reforms Bill " in the current session. The priority, however, will be to see that the Finance Bill is cleared by the House. It may not be smooth sailing for the government, however, as the Opposition...
11:14 AM, Apr 24, 2012
If the government implements TRAI suggestion, mobile tariffs could increase. ...
10:09 AM, Apr 24, 2012
New Delhi: The Telecom Regulatory Authority of India (TRAI) has proposed a base price for auction of 2G spectrum that is higher than the 3G auction price set in 2010, reports CNBC-TV18 quoting sources. For the 900 mega hertz band, the telecom regulator has proposed a base price at Rs 7000 crore, which is twice the base price set for a 3G spectrum. For 700 megahertz band, it has been...
05:44 PM, Apr 23, 2012
New Delhi: The first unit of the Kundankulam nuclear power project is expected to start generating electricity in the next 40 days, Minister of State in the rime Minister's Office V Narayanasamy said on Monday. He said the Atomic Energy Regulatory Board (AERB) officials were at the Kudankulam project site and inspecting the plant. "The first reactor of 1000 MW will be operational within 40 days from today," Narayanasamy told...
04:52 PM, Apr 23, 2012
New Delhi: Indian and foreign airlines have slammed the Delhi Airport operator's demand for an eight-fold hike in tariff, saying it would make the charges in New Delhi even costlier than those levied at Singapore, Bangkok, Dubai and Hong Kong put together. While the Delhi International Airport Limited (DIAL) has justified its proposal of a 774 per cent hike saying the aeronautical tariff would actually increase by 100-150 per cent,...
12:27 PM, Mar 04, 2012
Ahmedabad: In a comment which can give boost to the debate on states' autonomy and federal polity, Gujarat Chief Minister Narendra Modi on Thursday said there was a need to review the role of central regulatory authorities. Modi was speaking at the inauguration of a workshop of the Forum of Indian Regulators (FOIR), organised by Gujarat Electricity Regulatory Commission. "There is need to review the role of central regulatory commissions...
03:11 AM, Mar 02, 2012
Barcelona: India is looking at holding spectrum auctions for the fourth generation (4G) mobile services by the end of this year, besides finalising plans to sell off radio waves for the 2G services, Telecom Minister Kapil Sibal has said. "By the end of the year, we are actually going to auction 4G (spectrum). That is what our intent is. We have enough spectrum now to share with everybody," he said...
12:16 PM, Feb 29, 2012
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