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Inter Ministerial Group and telecom companies to discuss the stressed health of telecom sector
Ians •Representatives of telecom companies met Communications Minister Manoj Sinha and Telecom Secretary Aruna Sundararajan.
Banks express concern over stress, likely loan defaults in telecom sector
•The IMG met officials from four leading banks -- State Bank of India, Punjab National Bank, Axis Bank and HDFC Bank on financial difficulties being faced by the telecom industry, whose debt burden stand at a whopping Rs 4.6 lakh crore.
Telecom companies meets the inter-ministerial group to discuss the future of the industry
Ians •Four telecom companies Reliance Jio, Reliance Communications, Aircel and Tata Teleservices on Monday met the inter-ministerial group (IMG).
Telecom minister Manoj Sinha may meet promoters of mobile companies on 22-23 June
•The meeting will take place after inter-ministerial group finishes its meetings with telecom operators by 17 June
Air India passengers to US won't have pre-clearance facility, minister tells Parliament
Fp Staff •In a written reply in Lok Sabha today, Minister of State for Civil Aviation Mahesh Sharma said this facility has been put in the "Non starter" category.
Govt issues fresh notices to firms for delay in coal mines development
Fp Archives •Among others, the prominent firms issued fresh notices are like Monnet Ispat and Energy Ltd, Bhushan Ltd, Nalco, Hindalco Industries, NTPC, Essar Power, SAIL, Adani Power and Tata Power.
Ministerial panel to discuss bank guarantee of coal blocks soon
Fp Archives •The notice further said that the matter was considered in the coal ministry in consultation with law ministry which has opined that the decision to invoke or release BG will have to be considered on case-to-case basis by the government for implementation of the order of Delhi High Court.
CCEA may moot 10% export duty on surplus cotton
Fp Archives •The textiles ministry said the imposition of export duty on cotton will lead to revenue collection and also improve inclusiveness of textile industry in the economic activity.
Serve explanatory memos to firms inactive on coal mines: IMG
Fp Archives •The IMG had also recently reviewed the progress of all coal blocks under the CBI scanner in the coal allocation scam.
Centre wants panels to monitor coal blocks in states
Fp Archives •The development comes in the wake of unsatisfactory progress by firms in starting mining from a total of 178 coal blocks.
