Editor's Desk

Govt incurs Rs 2,500 cr telecom license fee loss

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The Department of Telecommunication (DoT) has probably incurred a loss of Rs 2,500 crore on account of violation of the terms and conditions of the telecom licenses held by private mobile operators. The main cause of concern was that DoT has slapped a milder penalty on erring private firms that offered services like push-to-talk and … Read more Govt incurs Rs 2,500 cr telecom license fee loss

FII net sellers of Rs 201 cr in cash market on Friday

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Foreign institutional investors (FIIs) were net sellers of Rs 201.17 crore (provisional) in the cash market on Friday, as per the information posted on the BSE website. While FIIs made gross purchases of Rs 956.27 crore, their gross sales amounted to Rs 1,157.44 crore. Domestic institutional investors (DIIs) were net buyers of Rs 167.18 crore … Read more FII net sellers of Rs 201 cr in cash market on Friday

Rising deficit – Is India’s debt sustainable?

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India’s consolidated fiscal deficit may increase to 10.3% of GDP in FY09 and 10% of GDP in FY10, according to our estimates, due to the cyclical downturn in tax revenues, election-related spending, and a large subsidy bill. The deficit will come down substantially over the next few years due to a structural increase in spending, … Read more Rising deficit – Is India’s debt sustainable?

Strike by RBI staff affects bond trading

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The one-day strike observed by more than 21,000 employees of the Reserve Bank of India (RBI) has disrupted trading in government bonds and other markets. Samir Ghosh, general secretary of the All India Reserve Bank of India Employees Association claimed that the strike was 100% successful with all employees taking leave, except for executive directors, … Read more Strike by RBI staff affects bond trading

RCOM arm to ink infra sharing deal with Swan Telecom for 15 yrs

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ADAG  controlled Reliance Communications’ (RCOM) hived off tower arm Reliance Telecom Infrastructure (RTIL) is expected to finalize infrastructure-sharing deal with Swan Telecom for fifteen years in a month. It is widely speculated that Swan Telecom once upon a time belonged to Reliance ADAG Group before being transfered to Balwas Group of Mumbai. Etisalat has now … Read more RCOM arm to ink infra sharing deal with Swan Telecom for 15 yrs