Consumer Issues
Cable TV digitisation: Government sets up control room to help subscribers

The control room with a toll free number of 1800 180 4343 would address and clarify various queries relating to acquisition of set top boxes, various schemes of purchase of STBs and package rates offered by MSOs


New Delhi: To ensure seamless transition of cable services to digitisation in the four metros by 31st October, the government has set up a control room to address and clarify various queries of consumers and stakeholders, reports PTI.

 

The control room has been set up by the Information and Broadcasting (I&B) Ministry with a toll free number 1800 180 4343.

 

"The control room will function on all days, including holidays, from 8am to 10pm to address and clarify various queries relating to acquisition of set top boxes, various schemes of purchase of STBs, package rates offered by MSOs etc," said an I&B statement.

 

Representatives of five national level MSOs namely DEN, In Cable, Hathway, Digi Cable, and Siti Cable are also available in the control room during this period to address any specific queries relating to their respective networks/services, the statement said.

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Shriram Group launches online transactions services

Shriram Vyapar, the online transaction service, specialises in bridging the gap of digital divide and help in choice with convenience and simplicity through neighbourhood agents

Chennai: City-based Shriram Group has launched an online service -- Shriram Vyapar -- for transactions relating to real estate, vehicles, loans and insurance under the neighbourhood agents business model, reports PTI.

 

The "neighbourhood agents’ business model" would bridge the digital and financial divide by offering online services to those parts of the country which are not digitally connected through its ease, choice, convenience and simplicity (ECCS) facility, the company's CEO Sudhakar Raja told reporters after the launch.

 

Agents would be trained for this purpose, he said.

 

Shriram Vyapar specialised in bridging the gap of digital divide and helped in choice with "convenience and simplicity through neighbourhood agents", the company said.

 

Shriram Vyapar was launched by noted playback singer SP Balasubramanyam.

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DIPP asks RBI to probe Wal-Mart investment in Bharti unit

DIPP has asked the RBI to examine whether the Rs456 crore investments, first made by Wal-Mart in Cedar Services, was passed on to Bharti Retail, which runs Easyday chain of stores, in violation of FDI regulations and FEMA

New Delhi: The Commerce and Industry Ministry has referred to Reserve Bank of India (RBI) the issue of alleged violation of foreign direct investment (FDI) norms by Wal-Mart in its Rs456-crore investment made in a Bharti Group company, reports PTI.

 

The Department of Industrial Policy and Promotion (DIPP), which was directed by the Prime Minister's Office (PMO) to look into the matter, has written to the RBI to examine whether there was any violation of the Foreign Exchange Management Act (FEMA).

 

"Since the RBI is the focal point for foreign remittances, the matter has been referred for examination," a senior official in the ministry said.

 

When contacted a Wal-Mart spokesperson said: "We are in complete compliance with India's FDI laws. All procedures and processes have been duly followed and details filed with relevant Indian government authorities, including the RBI."

 

According to the ministry official, in a letter written on 10th October, DIPP has asked the RBI to examine whether the investment, first made by Wal-Mart in Cedar Services, was passed on to Bharti Retail, which runs Easyday chain of stores, in violation of FDI regulations and FEMA.

 

The PMO's direction came after Communist Party of India (CPI) Rajya Sabha MP from Kerala MP Achuthan wrote to Prime Minister Manmohan Singh saying the investment made by Wal-Mart in Bharti group firm Cedar Services violated FDI rules.

 

In September, in a written reply to the Rajya Sabha, Commerce and Industry Minister Anand Sharma has said that Wal-Mart Stores Inc had invested Rs455.8 crore in Cedar Services in 2010 via its Mauritius arm but the RBI has no FDI data of the same.

 

Sharma had said that on 29 March 2010 Cedar Services issued 45.58 crore compulsorily convertible debentures CCDs, with 0% yield, of face value of Rs10 each.

 

The CCDs are convertible into 425,965,859 equity shares of Rs10 each, at a premium of Rs0.70 per share.

 

At that time, FDI was not allowed in multi-brand retail in India.

 

Under FEMA guidelines, the recipient Bharti Group is required to inform RBI about the investment that it received from Wal-Mart but this was not allegedly followed.

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