TRAI extend deadline for sending views on 4G service

According to the International Telecommunication Union, the apex global body for telecom related subjects, the targeted peak data transfer speed for IMT-Advance technology will be up to 100 Megabit per second for high mobility and 1 Gigabit per second for low mobility

New Delhi: Heeding to the request of telecom industry, the Telecom Regulatory Authority of India (TRAI) on Wednesday extended, for the second time, the deadline for sending comments on advanced mobile wireless broadband services, or fourth generation (4G), till 30th November.

The regulator has also extended the time for submitting counter comments on the paper ‘IMT-Advanced Mobile Wireless Broadband Services’ till 7th December, from 7th November earlier.

“Keeping in view the request of the stakeholders for extension of time for sending their comments and also the importance of the issue, all the stakeholders may now submit their written comments by 30 November 2011, and counter-comments by 7 December 2011,” TRAI said in a statement yesterday.

IMT-Advanced systems or 4G are latest mobile technologies that include improved performance capabilities that go beyond those of IMT-2000 (3G).

Earlier, TRAI had extended the deadline for sending comments and counter comments on the paper to 31st October and 7th November, from 20th and 27th September respectively.

TRAI, on 19th August, issued a pre-consultation paper on the subject for seeking stakeholder comments.

Key issues raised in the consultation paper are suitable spectrum bands, block size of spectrum to be auctioned, maximum spectrum permitted to bidder, eligibility criteria for bidding, roll out obligations, spectrum usage charges, quality of service parameters, security issues, among others.

According to the International Telecommunication Union, the apex global body for telecom related subjects, the targeted peak data transfer speed for IMT-Advance technology will be up to 100 Megabit per second for high mobility and 1 Gigabit per second for low mobility.

This theoretically means a person can download at least an hour length normal video within a minute while moving at a speed close to 100 kilometre per hour.

Last week telecom minister Kapil Sibal said that he expects 4G services will be launched in second half of 2012.

“We have large capacities in spectrum to move forward in 4G which is hopefully going to be launched towards end of next year. Later half of 2012...we should be ready to launch 4G,” Mr Sibal has said at an event.

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RBI directs urban co-op banks to stick to FIU-India’s new format

“UCBs are advised to carefully go through the reporting formats and initiate urgent steps to build capacity to generate reports, which are compliant with the XML format specifications,” the RBI said in a notification

Mumbai: The Reserve Bank of India (RBI) on Wednesday directed urban co-operative banks (UCBs) to adhere to the new format developed by the Financial Intelligence Unit (FIU-India) for filing various reports, including those on cash transactions and suspicious transactions, reports PTI.

“UCBs are advised to carefully go through the reporting formats and initiate urgent steps to build capacity to generate reports, which are compliant with the XML format specifications,” the RBI said in a notification.

It added that the date of transition from the old reporting format to the new one will be communicated to the UCBs later.

The Prevention of Money Laundering Act (PMLA) states that every reporting entity has to furnish to FIU-India details on Cash Transaction Reports (CTRs), Suspicious Transaction Reports (STRs), Counterfeit Currency Reports (CCRs) and Non Profit Organisation Transaction Reports (NTRs).

“FIU-India has advised that the earlier prescribed multiple data files reporting format is being replaced by a new single XML file format and prepared a comprehensive reporting format guide, giving the specifications of the prescribed reports to be furnished to FIU-India,” RBI said.

The reporting format guide, along with the XML sheet and user guide, can be downloaded from the website of FIU-India.

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Ensure customer identification even while using ‘Aadhaar’: RBI

Although the Aadhaar card contains details like name and address, the banks will be required to satisfy themselves about the current address of the customer under the KYC norms, the RBI said

Mumbai: The Reserve Bank of India (RBI) on Wednesday directed urban cooperative banks (UCBs) to ensure customer identification proof while opening accounts on the basis of details provided by the unique national identity number ‘Aadhaar’, reports PTI.

“... it is advised that while opening accounts based on Aadhaar also, banks must satisfy themselves about the current address of the customer by obtaining required proof of the same as per extant instructions,” the RBI said in a circular to UCBs.
The RBI had in September directed banks to accept the Aadhaar card, issued by the Unique Identification Authority of India (UIDAI), as a valid document for opening bank accounts.

Although the Aadhaar card contains details like name and address, the banks will be required to satisfy themselves about the current address of the customer under the KYC norms, it had said.

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COMMENTS

Prashant

4 years ago

RBI is right in asking for separate identification because we cant trust aadhaar too much as it can be gamed.

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