Sixty-three people, including promoters and chief executive officers of 10 telecom firms have come under its scanner in the 2G spectrum case, the CBI on Friday told the Supreme Court which expressed satisfaction over the ongoing probe.
Ludhiana’s readymade garment makers today announced shutting down of operations for a day on March 4, perturbed by the latest budget proposal, making 10 per cent excise duty on branded apparels mandatory. The garment makers have also threatened closing down of units indefinitely, if the government does not review its decision.
The government has collected over Rs 300 crore in penalties from new telecom service providers that failed to roll-out their networks within the stipulated timeframe after getting licences and spectrum.”As of last Friday, we have received Rs 300.04 crore penalties, as against total claim of Rs 370.55 crore,” Department of Telecom Secretary R Chandrasekhar told PTI.
Leading drug makers today said that higher excise duty proposed in the Budget 2011-12 would make medicines costlier and hurt the common man. Further, pharmaceutical industry players also feared that imposition of Minimum Alternate Tax (MAT) on Special Economic Zones would adversely impact their profits, since most export units of drug firms are located in various SEZs.
Allaying fears of the industry over introduction of harsh provisions in the service tax rules, a senior Finance Ministry official has said they will be used sparingly against willful defaulters.
Former Telecom Regulatory Authority of India (TRAI) chairman Nripendra Misra was today questioned by the CBI in connection with the 2G spectrum allocation scam. Misra, who was also the Secretary in the Telecom Ministry, had taken over the chairmanship of TRAI from Pradip Baijal in 2006.
Telecom Minister Kapil Sibal] said on Tuesday he is in favour of the Comptroller and Auditor General’s proposal to conduct an audit of the total available spectrum in the country with a focus on how much was allocated to private operators from 2000 onward and at what cost.
In a nationwide crackdown on bogus ration card holders, over 2.8 crore ineligible ration cards have been deleted from July 2006 till now in different parts of the country, Parliament was informed today. Maximum 59.67 lakh bogus ration cards were deleted in West Bengal during the period, Food and Public Distribution minister K V Thomas said in a written reply to Lok Sabha.
As per the Clause 49 of the Equity Listing Agreement, all the listed entities including listed Central Public Sector Enterprises (CPSEs) are required to appoint requisite number of Independent Directors on their Boards. Where the Chairman of the Board is a non-executive director, at least one-third of the Board should comprise of Independent Directors and in case he is an executive director, at least half of the Board should comprise of Independent Directors.
The Union Finance Minister has presented the budget for 2011-12 in the backdrop of growth of GDP @ 8.6% in 2010-11, contributed by a growth of 5.4% in agriculture, 8.1% in industry and 9.6% in services. The Minister shared that the economy has shown remarkable resilience to both external and domestic shocks.
