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Telecom policy today

New Delhi, Oct. 9: The telecom sector is all set to get a glimpse of new norms aimed at cleaning up and rejuvenating the sector with the unveiling of the draft New Telecom Policy 2011 here tomorrow. With a major thrust on transparency and the investment climate, the New Telecom Policy 2011 is widely expected to help lure more foreign investors to the country and plug the digital divide.

BlackBerry

New Delhi, Oct. 9: In some relief to BlackBerry, the telecom ministry is understood to have said that a complete ban on encrypted communication is not desirable as long as solutions exist to have data intercepted in a readable format.

SBI funds

New Delhi, Oct. 9: A senior finance ministry official said the government would not fast track recapitalisation of the State Bank of India. “There is no need to panic. We are working on it (recapitalisation). The process will not be fast tracked because of Moody’s downgrade,” he said.

PFC plan

New Delhi, Oct. 9: Power Finance Corporation Ltd (PFC) is hoping to raise nearly Rs 16,800 crore in the coming months through the issue of securities, including tax-free bonds. The state-run unit has already started the sale process for tax-saving infrastructure bonds and tax-free bonds.

CIL output

New Delhi, Oct. 9: Coal India Ltd (CIL) has blamed its failure to meet production targets in the first quarter of this fiscal on rains and delays in securing green clearances, but the coal ministry has called a meeting this week on the issue where it is likely to berate the firm’s top brass.

DTH probe

New Delhi, Oct. 9: The CBI has widened its probe in the 2G scam and turned to investigate spectrum allocation made to direct-to-home (DTH) broadcasters by seeking details of sanction of bandwidth.

Core targets

New Delhi, Oct. 9: Infrastructure sectors, including coal, fertiliser, natural gas, highways and railways, could not meet the performance targets for the April-July period this fiscal, according to a study by the ministry of statistics and programme implementation.


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