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DoT proposes tax breaks for 3G winners

26.08.2009
DoT proposes tax breaks for 3G winners (ET)The DoT will ask the EGoM on 3G-spectrum auction, headed by finance minister Pranab Mukherjee, to consider a proposal under which successful bidders of pan-India 3G spectrum can enjoy tax benefits applicable under section 80-1A of the Income Tax Act. ago.

DoT to meet telecom CEOs on Friday (HBL)The Department of Telecom has called a meeting of all the CEOs heading various telecom companies on Friday to discuss security-related issues. While the DoT notice informing the operators about the meeting did not specify the agenda for the meeting.

Trai view on capping of licences by Nov-end (BS)Telecom regulator Trai today said it could not give its fresh views on the crucial issue of capping of licences by September 5 as licensing policy needed a closer look for the growth of the industry.

BSNL's Nokia tender disqualification upheld (ET)BSNL has overcome two major challenges in its attempt to award the world’s largest telecom contract, clearing the way for it to open price negotiations with the two companies it has shortlisted for the deal.

RCom strengthens rural foray in the country (BS)Reliance Communications (RCom) has launched an array of initiatives aimed at increasing mobile telecom and Internet penetration across rural India, including a high-speed wireless Internet service.

XL Telecom allots shares to Credit Suisse (BS)
Hyderabad-based XL Telecom & Energy Limited has informed that a committee of its board has allotted 621,718 equity shares of Rs 10 each at a premium of Rs 150 per share to Credit Suisse (Singapore) Limited upon conversion of foreign currency convertible bonds.


Commn sector to emerge as largest contributor to GDP: Study (ET)
The communication sector is predicted to emerge as the single largest sector of India's economy, with a 15.4 per cent share, equivalent to Rs 8,65,031 crore, of GDP by 2014-15," National Council of Applied Economic Research said in its recent study.

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