The communiqué comes at a time when Blackberry services are under the government's wrath due to the security related issue for not providing a solution to intercept its Enterprise mail services
New Delhi: In a set back to mobile handset manufacturer Nokia, the government has asked telecom service providers to bar the handset major's push mail or power mail service till operators put in place a legal monitoring system, reports PTI.
"In view of the Intelligence Bureau's (IB) report, the Department of Telecommunications (DoT) is requested to advice the telecom service providers not to launch Nokia's proposed pushmail/powermail service without putting in place monitoring facilities to the satisfaction of the LEAs," ministry of home affairs said in a communication to DoT.
Messaging services from Nokia involve push email for companies and consumers and enables mobile users with compatible Nokia cell phones to manage multiple email accounts from widely used email services like Yahoo!, Gmail, Rediff and Sify.
The communiqué comes at a time when Blackberry services are under the government's wrath due to the security related issue for not providing a solution to intercept its Enterprise mail services.
The government had asked BlackBerry-maker Research in Motion (RIM) to come out with a satisfactory solution to intercept its Enterprise mail services by 31st March, which has been already expired.
Nearly 50% of Nokia's E series business phones sold in the country get activated for e-mails.
These developments came at a time when the home ministry has asked the telecom and IT departments to overhaul existing legal frameworks to broaden the meaning of telecom/internet services.
The telecom department and the IT ministry have been asked by the home ministry to ring in the necessary changes in the Indian Telegraph Act of 1885, the Information Technology (Amendment) Act, 2007, the Rules under Telegraph & IT Acts to ensure operator compliance with the demands of the security agencies.
Once the necessary amendments come, it will be mandatory for telecom service providers to have the systems in place to deliver authorised intercepts based on telephone numbers, device identity, email IDs, IP addresses or keywords to the national security agencies on real-time basis.
The BSE Sensex has lost 13% between 31 December 2010 and 28 February 2011 on the back of worries emanating from corruption, disruption and non-functioning of the parliament, rapidly rising inflation and growing unrest in the Middle East and North Africa region. However, it managed to reverse the downward trend and gained over 10% from 28th February to 13 April this year
New Delhi: Even after growing by nearly 7% in the March-April till date period driven by healthy foreign fund inflows, the Indian stock market is yet to catch up with its emerging market peers and is still the worst performing equity market, reports PTI.
The BSE benchmark index Sensex has lost 13% between 31 December 2010 and 28 February 2011 on the back of worries emanating from corruption, disruption and non-functioning of the parliament, rapidly rising inflation in essential articles (food and fuel) and growing unrest in the Middle East and North Africa region.
However, it managed to reverse the downward trend and gained over 10% from 28th February to 13 April 2011.
"The market has done well especially in March bolstered by heavy foreign institutional investment (FII) flows. But, it has not yet caught with the emerging market peers. The Indian market is still the worst performer till date even below Japan (Nikkei)," a report by MAPE Securities said.
Globally, equity markets have been rising even under the shadows of Middle East unrest, rapidly rising commodity prices, continuing downgrades and bailouts in the European Union (EU), catastrophe in Japan and continued fragility of recovery of the US and European economies, it said.
The emerging markets performed well in the year till date where Russia, China and Thailand markets were among the top five major markets. However, India and Brazil among BRIC and emerging markets were down during the Q1 2011, the report added.
Japan was the worst performing market in the year so far but, still has been better than India.
The earthquake led to severe damage to the industrial infrastructure in Japan besides causing nuclear radiation from a nuclear plant, it said.
The study believes that the recent improvement in FII flows into the country as well as Indian equity markets' performance were a result of positive factors.
They included a favourable Union Budget (FY11-12), attempt to curb the central government's fiscal deficit in FY11-12 to 4.6% of the gross domestic product (GDP) and new foreign direct investment (FDI) deals such as BP-Reliance Industries, Nippon-Reliance Capital and Vodafone-Essar.
It noted that key domestic positive triggers for the Indian markets over the next three-months would be 18%-20% growth estimate for corporate earnings for FY11-12, (IIP) growth in 7%-9% range for FY11-12, moderation in wholesale price index (WPI) inflation levels to 7% range by June 2012 and peaceful elections in four-states and a union territory.
Meanwhile, the report feared that any major slowdown on earnings may impact the market negatively from present levels.
The report also highlighted some of the risks for the Indian markets which include continuing global social unrest, sustained high levels of crude prices and continued enhancements in global food prices.