DoT to make room for 'powerful' regulator in new telecom Bill
Business Standard|June 17, 2023
The Department of Telecommunications (DOT) is dropping all the amendments to the Trai Act which had been proposed in the draft Telecommunications Bill of September 2022 as it prepares for the final Bill.
SURAJEET DAS GUPTA
DoT to make room for 'powerful' regulator in new telecom Bill

The proposed changes had come under attack from the regulator as well as telecom and broadcasting companies who had said that it would substantially weaken the regulator and the balance of power between them and the DoT. Trai is believed to have approached the prime minister's office on the matter.

The draft bill had suggested doing away with the referencing and back referencing of recommendations between the DoT and Trai which in effect removed the statutory requirement of consultation with the regulator before making policy; diluting the regulator's powers on tariffs by adding a clause that any tariff order could be changed and amended by the DoT; and weakening the power of adjudication vested with TDSAT in case of disputes between telcos or between the latter and the government by creating an alternative dispute resolution mechanism. Currently, TDSAT judgements could be appealed only in the Supreme Court.

Esta historia es de la edición June 17, 2023 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición June 17, 2023 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS STANDARDVer todo
Changes in policy terms must be conveyed
Business Standard

Changes in policy terms must be conveyed

Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).

time-read
2 minutos  |
October 28, 2024
Low valuation sparks interest in IndusInd
Business Standard

Low valuation sparks interest in IndusInd

Analysts believe worst may be over for lender after sombre Q2 results

time-read
2 minutos  |
November 13, 2024
Demand, margin gains ahead for UPL
Business Standard

Demand, margin gains ahead for UPL

Agrochemicals manufacturer UPL reported a muted quarter as operating profit remained flat on a year-on-year (Y-o-Y) basis, due to a price decline (down 7 percent Y-o-Y) and surplus capacity in China.

time-read
2 minutos  |
November 13, 2024
Business Standard

Exchanges roll back direct payout of securities to client accounts

The National Stock Exchange (NSE) and BSE on Tuesday announced rollback of the direct payout of the securities to client demat accounts—which was enabled on November 11.

time-read
1 min  |
November 13, 2024
Swiggy makes market debut today
Business Standard

Swiggy makes market debut today

Shares of food delivery major Swiggy will make stock market debut on Wednesday following its ₹11,327 crore initial public offering (IPO), second biggest this year and sixth-largest to hit the domestic market.

time-read
1 min  |
November 13, 2024
NTPC Green Energy IPO eyes $12 bn Valuation
Business Standard

NTPC Green Energy IPO eyes $12 bn Valuation

NTPC Green Energy Ltd is considering seeking a valuation of about $12 billion in what could be one of India's biggest initial public offerings (IPO) in the renewable energy industry, according to people familiar with the matter.

time-read
1 min  |
November 13, 2024
Sebi simplifies process for registration of certain FPIs
Business Standard

Sebi simplifies process for registration of certain FPIs

Abridged version of application form to be available in 3 months

time-read
1 min  |
November 13, 2024
11 of 17 Nifty sector indices in correction mode
Business Standard

11 of 17 Nifty sector indices in correction mode

As many as 11 of 17 frontline Nifty sector indices are in 'correction' mode with energy, auto and central public sector enterprises (CPSE), consumption, and fast-moving consumer goods (FMCG) suffering the most in the recent market fall, according to data.

time-read
2 minutos  |
November 13, 2024
Nifty falls to near 5-month low
Business Standard

Nifty falls to near 5-month low

Earnings disappointment and foreign outflows continue to weigh on markets

time-read
2 minutos  |
November 13, 2024
BITING THE BULLET
Business Standard

BITING THE BULLET

The Bullet Train has been a 'dream project'. Can it become a reality anytime soon?

time-read
5 minutos  |
November 13, 2024