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Editor's Desk The Honourable Supreme Court, on appeal by one of the NGO’s, has expressed concern over banks providing loans to telecom companies against licenses as collateral and has included bank’s lending to 2G license aspirants as one of the issues to be investigated by CBI in the 2G spectrum allocation case.
We Analysed the situation w.r.t the following – Banks exposure at risk due to non-roll out of 2G licenses by new players, Lapsation,
Telecom operators have rejected the proposal floated by the regulator that fares should be more transparent and a code of conduct towards this should be framed. In fact, operators are insisting that telecom fares in India now were the lowest in the world and there was not scope for overcharging in any segment because of the cut throat competition.
Earlier, the telecom regulatory authority of India (TRAI) had said that it might intervene to make fares more transparent in order to
The much awaited mobile Number Portability in India will go live tomorrow in Haryana. What does this mean ? This means you can keep your mobile number and change to any Telecom Operator of your choice.
Frequently Asked Questions Regarding Mobile Number Portability Mobile Expert and Leading Haryanvi Engineer Geeta compiled these Question and Answers helpful for the consumer.
Can the incumbent operator delay sending the Unique Processing Code (UPC)?
A. No. The UPC is sent by an automated system and
Read moreHow to Change Mobile Operator / Company – Keeping Same Number
What the F**k does the Title of this Article say ? Well, welcome to the real world – Karnataka – Land of Corruption and Scamsters. I am narrating a real life experience of mine at the office of sub-registrar in Karnataka.
I saw a transaction where the BUYER and the SELLER were counting bundles of CASH which I have never seen in my life. This is how the deal was worked out. The valuation was done at INR X. The Buyer wanted to just pay just 1/4th of the X White [White in the sense, on which he will pay the stamp duty] and the rest is CASH. By the virtue of Karnataka Land Registration Act, all deals below
Read moreGovernment Sponsored Black Money Investment – Residential Plots
The Securities and Exchange Board of India headed by Shri C.B.Bhave is taking a laid back approach to prosecute Reliance Industries Chairman, Mukesh Ambani indicted in insider trading in his own Reliance Shares. Information sought on the case has been denied and a shameless response which states that SEBI is not bound by Time to complete an investigation was furnished to us.
Compare this to SEC in the United States – The officials have gone public about the Massive Insider Trading which includes the big names of Wall Street and the report will be released within the next week which has sent markets across the world
Read moreInsider Trading SEBI Lacks the Will to Prosecute Mukesh Ambani
Mobile banking was a solution that fit developing world needs like a glove. Most developing countries have suffered from low penetration of banking and electronic cash. The model is being led by various types of entities: banks, mobile companies and third-party aggregators. In India, the push for mobile banking is coming from the banking regulator committed to financial inclusion.
The biggest GameChanger for mobile banking will be its ability to converge the twin objectives