Companies & Sectors
3G roaming services: HC asks Centre to form panel

DoT will now constitute within a week a committee to go examine the issue of 3G roaming services being offered by telecom majors by entering into agreements with each other

New Delhi: The Delhi High Court has asked the Centre to set up a committee to examine and decide the row between the Department of Telecommunications (DoT) and the telecom operators over providing 3G roaming services to their customers outside their licensed areas, reports PTI.

 

The court's direction came on Reliance Communication's appeal against a single judge bench order to the Centre to take no coercive action against Bharti Airtel for providing 3G roaming services to its customers outside its licensed area.

 

Disposing of the plea by the Anil Ambani-led company, a bench of Chief Justice D Murugesan and Justice Rajiv Sahai Endlaw the bench said, "Constitute a committee in a week to deal with it."

 

The bench passed the order after considering Additional Solicitor General (ASG) Rajeeve Mehra's submission that the Department of Telecom, for which he appeared, was willing to set up a panel to hear and decide the contentions of affected parties on the issue.

 

DoT will now constitute within a week a committee to go examine the issue of 3G roaming services being offered by telecom majors by entering into agreements with each other.

 

The panel, after its constitution, would fix a date of hearing and after its conclusion, would pass an order within four weeks.

 

The bench said, "As the time frame for each step was put forth by the ASG, the committee should adhere to it."

 

A single-judge bench had earlier on October 3 directed that no coercive steps would be taken against telecom major Bharti Airtel after it moved the court against a show-cause notice of DoT to it to stop providing 3G roaming services to its customers outside its licensed area.

 

DoT had alleged that telecom majors have been violating its terms by providing 3G roaming services to their customers outside their licensed areas by entering into arrangements among themselves.

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Maharashtra seeks CBI probe in Rashtriya Bima Swasthya Yojana scam

The labour minister conceded that the RBSY scheme was tailor-made for insurance companies to earn profit. In Maharashtra alone, Rs215 crore were paid as premium and claims of Rs134 crore were not settled

Nagpur: Maharashtra Government had sought a probe by the Central Bureau of Investigation (CBI) into non-settlement of claims by insurance companies under Rashtriya Bima Swasthya Yojana (RBSY), Labour Minister Hassan Mushrif told the Legislative Council, reports PTI.

 

Congress MLC Mohan Joshi had raised the issue during the Question Hour, alleging that insurance companies had syphoned off public money.

 

Under the scheme, the Centre provides 75% of the money while state provides the rest. The scheme targets labourers to ensure that they get medical treatment at hospitals.

 

The Minister conceded that the scheme was tailor-made for insurance companies to earn profit. In Maharashtra alone, Rs215 crore were paid as premium and claims of Rs134 crore were not settled, he said.

 

Mushrif said he has written to Union Labour Minister Mallikarjun Kharge asking for a CBI inquiry.

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MCX-SX gets commencement certificate from SEBI

The much-talked about trading launch of MCX-SX, the third equity exchange in the country, is likely to begin in January

Mumbai: Moving closure to the launch of the country's newest stock exchange platform, MCX Stock Exchange (MCX-SX) said it got the 'commencement certificate' from market regulator Securities and Exchange Board of India (SEBI) to go live with its trading operations as a full-fledged bourse, reports PTI.

 

The 'commencement certificate' is the final go-ahead from the SEBI for MCX-SX to go live in new product segments such as equity, wholesale debt (bonds) and interest rate derivatives, the exchange said in a statement.

 

The much-talked about trading launch of MCX-SX, the third equity exchange in the country, is likely to begin in January, exchange sources said.

 

MCX-SX is currently providing trading platform for only currency derivatives segment and would become a full-fledged stock exchange after launch of other segments like equity, equity derivatives, bonds and interest rate derivatives.

 

After going live, MCX-SX would compete with other full-fledged nationwide stock exchanges like the NSE and BSE.

 

The exchange said that SEBI has already cleared the first lot of registration of 100 members and the balance applications are expected to be cleared shortly.

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