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.
Denne historien er fra June 17, 2023-utgaven av Business Standard.
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Denne historien er fra June 17, 2023-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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EVALUATING FUND PERFORMANCE Exit a fund only if underperformance persists for 8 quarters
During her annual portfolio review, Mignonne D'Souza (name changed on request), a 44-year-old content writer based in Mumbai, found that four of her seven mutual funds had outperformed, while three lagged behind their benchmarks. D'Souza is wondering if she should stick to these funds or exit them.
Zomato serves up mcap bigger than Tata Motors, Bajaj
Stock could be a 'potential doubler in three to four years'
'PARRVA' introduced for verification of risk-return metrics
In a bid to clamp down on individuals and entities making lofty return claims, the Securities and Exchange Board of India (Sebi) has introduced a \"Past Risk and Return Verification Agency\" (PaRRVA), which will be tasked to verify the risk-return metrics of services offered by investment advisors, research analysts (RAS), algorithmic trading platforms, and other such entities.
Regulator brings in new rule to address NFO mis-selling
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Core acquisition adds to Metropolis' long-term growth plans
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Euro Pratik eyes ₹700-1,000 cr public offer
Euro Pratik, a prominent player in the decorative wall panel industry, is set to file draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) worth ₹700-1,000 crore, sources familiar with the matter said on Thursday.
Nifty may trade in 25K-28K range in 2025: Smallcase
The benchmark Nifty50 index may move in the range 25,000-28,000 next year, according to a survey conducted by Smallcase of 150 managers on its investment platform. The Nifty on Thursday closed at 23,951.
IKS Health surges 48% on debut
BOOSTER DOSE
Moderate return expectations for '25: HDFC Securities
Domestic brokerage HDFC Securities has told investors to moderate return expectations amidst elevated valuations.
Expensive valuations to keep mkts volatile
Domestic equities have seen selloff this week amid weakening rupee
