Around the Globe

Around the Globe

Govt to seek Trai views on auctioning spectrum every year

The government is looking at making spectrum auction an annual event and will reach out to sectoral regulator Trai for its recommendations, Telecom Secretary JS Deepak today said.

"We are looking for spectrum auction every year. We are very soon going to request to Trai for its recommendations," Deepak told reporters here. Once the recommendations come in, the government will then take call on the matter, he said.

Tata Power generation capacity up 8 pc in Q3 FY'17

Tata Power today announced a generation capacity increase of over 8 per cent in the third quarter of the current fiscal compared to the year-ago period.

"The company, together with all its subsidiaries and jointly controlled entities, has a gross generation capacity of 10,496 MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading, thereby, reinforcing its position as the largest integrated power company in India," Tata Power said in a statement.

India takes issue of defaulters very seriously: Jaitley

India takes the issue of defaulters very seriously, Finance Minister Arun Jaitley has said, indicating that he may raise the matter of liquor baron Vijay Mallya with his British counterpart.

"Certainly, when the opportunity does come, I do take that opportunity to mention it (issue of defaulters based in Britain) to my counterparts here," he told reporters here when asked if the issue of defaulters based in the UK will feature on the agenda of his discussions with British ministers.

RBI sets up panel to review cyber threats

The Reserve Bank today announced setting up of the inter-disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology.

The 11-member committee will also study adoption of various security standards and protocols, interface with stakeholders and suggest appropriate policy interventions to strengthen cyber security and resilience, the central bank said.

Telco war: Airtel now says no roaming fee

Bharti Airtel on Monday announced removal of all roaming charges for outgoing and incoming calls as well as SMSes and data usage within India as it takes on competition from newcomer Reliance Jio. India’s largest mobile phone service provider also said international call rates will be cut by up to 90 per cent to as low as Rs 3 per minute and data charges by up to 99 per cent to Rs 3 per MB across popular roaming destinations.

Govt to employ third party to study arsenic content in rice

The government plans to hire an independent third party to study pesticides residues content in rice, particularly in basmati variety, as it wants to ensure that food safety norms are strictly adhered to and its reputation as a basmati exporter is protected.
The plan comes amidst reports of arsenic content in rice. Sources said India exported over Rs 22,000 crore of basmati rice last year, which goes on to clear doubts, if any.

Modi’s charisma still rules in eastern UP

The eastern parts of Uttar Pradesh, which go to polls in two phases on March 4 and March 8, are witnessing another Modi wave, similar to the one that helped BJP sweep the 2014 general elections. What has waved a magic wand for BJP, which wasn’t as confident earlier, is prime minister Narandra Modi’s forceful comment of kabristan (burial ground) and shmashan (crematorium).
The remark, no doubt, has created a deeper impact on the ground, as voters seem to have relegated development issues to the backstage.

57.36% turnout in UP poll

An estimated 57.36 per cent of 1.81 crore electorate on Monday cast their votes amid tight security during phase V of polling in Uttar Pradesh with Amethi and Faizabad assembly seats remaining the centre of attention.

Twitter troopers add fuel to campus fire

Virender Sehwag flourished in his cricketing days despite throwing his bat at will, but his tendency to poke fun with impunity on Twitter has caught him awkwardly in the crease. On Monday, the batting sensation was seen trolling Delhi University student Gurmehar Kaur when he sided with those threatening her with rape for protesting against the violence on campus.

Worked hard on cleansing of market, UK Sinha

The outgoing Sebi chief UK Sinha on Monday said the regulator has worked hard on “cleansing of markets” and all potential instruments of manipulation, including defunct regional stock exchanges, have been closed down.
Sinha, whose six-year tenure as chairman of the Securities and Exchange Board of India (Sebi) will end on March 1, said that the regulator has been justly “harsh” with those threatening the integrity of capital markets.