New Delhi: Telecom Minister Kapil Sibal has asked a committee, which is examining the conditions for allocation of spectrum to different entities, to submit its report soon. The Minister approved a note for expansion of the committee on April 1, 2013 and asked the panel to submit its report in one month from the date of its reconstitution, official sources said.
"The issue (spectrum assignment) impacts other ministries such as Department of Space and Ministry of Information and Broadcasting. The committee preferred to include members from these ministries before finalising report. Telecom Minister has approved proposal," sources said. This committee has been given task to examine conditions which need to be satisfied in order to adopt auction as preferred or the only mode of allocating spectrum. It is also studying conditions for which administrative allotment of spectrum should be treated as norm.
In addition, the panel has to look in to the condition for allocating spectrum to telecom companies during their licence period, sources said. The Minister has also asked the panel that "guidelines for migration to UL (Unified Licences) may also be finalised in the next one month", sources said. As per National Telecom Policy 2012, existing telecom companies will have option to migrate to Unified Licences, which is more liberal for business compared to their present licences.
The last spectrum allocation through administrative process for mobile telephony was done in 2009. It was put on hold after Supreme Court judgement of February 2, 2012
02:15 AM, Apr 13, 2013
Delhi: The Delhi government has ordered an inquiry into an IBN7 sting operation showing private bus drivers procuring licences based on fake addresses. Delhi Transport Minister Ramakant Goswami said, "We will take strict action against those who are found guilty, even if they are people of the transport department. I have already told the transport commissioner to order an inquiry into the matter." CNN-IBN's sister channel IBN7 has conducted a...
07:47 PM, Apr 08, 2013
New Delhi: The Delhi government has ordered an inquiry into an IBN7 sting operation showing private bus drivers procuring licences based on fake addresses. The Delhi transport secretary said, "The story shows how touts are doing this, we need to check if and how many officials are involved." CNN-IBN's sister channel IBN7 has conducted a special investigation showing that fake licences based on fake addresses are still being issued to...
03:48 PM, Apr 08, 2013
New Delhi: Nothing has changed on the ground four months after the Delhi gangrape triggered mass outrage and a series of promises by authorities. CNN-IBN's sister channel IBN7 has conducted a special investigation showing that fake licences based on fake addresses are still being issued to bus drivers. The Delhi gangrape of December 2012 was committed on board a private bus, which had a fake licence issued on a fake...
07:55 AM, Apr 08, 2013
Bollywood's links with underworld elements surfaced for the first time when Mumbai police launched a probe into the 1993 serial blasts and arrested actor Sanjay Dutt and filmmakers Samir Hingora and Hanif Kadawala. ...
11:32 PM, Mar 21, 2013
The Brazilian was pulled over on the afternoon of February 12 on the M-12 highway and it was discovered he had previously been stripped of all his points, rendering his licence invalid, the authorities said. ...
10:51 PM, Mar 07, 2013
ith the government withdrawing Kingfisher Airlines' international flying rights and domestic slots, the Jet Airways has approached the Aviation Ministry to acquire six of the vacant slots, according to sources. ...
01:57 PM, Mar 03, 2013
The Reserve Bank of India today issued the much-awaited guidelines for new bank licences, allowing corporates and public sector entities with sound credentials and a minimum track record of 10 years to enter the banking business. ...
07:55 PM, Feb 22, 2013
The Supreme Court on Thursday upheld a decision to revoke the operating licences of several mobile phone companies after police said the sale of the licences was tainted by corruption. ...
02:40 AM, Feb 15, 2013
Debt-ridden and with no customers, Kingfisher Airlines Ltd posted a Rs 755 crore loss in the three months to December 31 as its planes sat idle, creditors circled and regulators rebuffed the Indian airline's revival plans. ...
11:12 AM, Feb 05, 2013
Alleging delay in allocation of airwaves, Vodafone India has asked government to "immediately allot spectrum" for 14 circles secured in the November 2012 auction for which it has already made required payments. ...
03:52 PM, Feb 03, 2013
Finance Minister P Chidambaram said on Tuesday he saw no reason why companies that fulfill all RBI criteria should be denied banking licences as part of plans to shake up the country's bank sector. ...
11:42 AM, Jan 30, 2013
Morgan Stanley intends to allow its banking licence in India to lapse as part of its changed business strategy, the Economic Times newspaper reported on Saturday. However, the Wall Street bank will continue to run its investment banking business and stay registered as a non-banking finance company with the central Reserve Bank of India, the newspaper reported, citing an unnamed senior banker. ...
06:27 PM, Jan 26, 2013
In a bid to stop cheating, Britain is set to ban immigrants from taking driving tests in Hindi, Gujarati, Punjabi, Bengali, Kashmiri, Tamil, Urdu and 12 other foreign languages under new plans to be unveiled next month. ...
10:41 PM, Jan 20, 2013
Supreme Court allowed on Monday mobile phone carriers, whose permits were due to be revoked this week as per an earlier court order, to continue services until it hears the case next on February 4, a lawyer on the case said. ...
12:17 AM, Jan 15, 2013
An Empowered Group of Ministers on telecom on January 3 deliberated upon several issues regarding spectrum auction due this fiscal, but did not reach a final decision and would meet again on January 7. "EGoM deliberated on 1800/900 MHz spectrum but it could not discuss CDMA (800 MHz). Auction does not seem possible by January 18 but will take place during this fiscal," a top source said. ...
03:22 PM, Jan 03, 2013
Kingfisher Airlines said expiration of its operating licenses, set for Monday, was not a cause for concern as the grounded Indian carrier has two years to renew the license and permits required to fly. ...
12:39 AM, Jan 01, 2013
In fresh ray of hope for the Kingfisher Airlines, sources in the aviation regulator, the Directorate General of Civil Aviation (DGCA), said that the licence of the cash-strapped carrier would be renewed if its revival plan gets a go-ahead. ...
01:49 PM, Dec 31, 2012
New Delhi: Grounded carrier Kingfisher Airlines has applied for renewal of its operating licenses but no permit will be given until it submits a revival plan, a senior aviation regulatory source said in New Delhi on Thursday. The source, who declined to be identified also told reporters that the airline can seek license renewal within two years from December 31, 2012. ...
07:55 PM, Dec 20, 2012
New Delhi: Corporate entities interested in setting up new banks, including Reliance and Religare, have begun doing the groundwork after a key Bill was passed in the Lok Sabha on Tuesday evening. In a major step to reform India's banking sector, the Lok Sabha had passed the Banking Laws (Amendment) Bill, 2011, paving the way for foreign investments in the sector and establishment of new private banks. The Bill will...
04:59 PM, Dec 19, 2012
