Companies & Sectors
TRAI paves way for mobile operators to trade airwaves

Mobile operators can trade spectrum which they have bought through auction or have paid market price as per the guidelines issued by telecom regulator TRAI

The Telecom Regulatory Authority of India (TRAI) on Tuesday cleared the spectrum trading guidelines that would allow mobile operators to buy and sell airwaves. Operators can trade spectrum which they have bought through auction or have paid market price. Administratively allocated spectrum cannot be traded.


According to the guidelines recommended by TRAI, the Government may collect a transaction fee on spectrum being traded between telecom companies.


Spectrum trading is expected to change the dynamics of the industry as it will allow operators to buy and sell airwaves according to their needs. For example, an operator with more subscribers in a circle can buy additional spectrum from another player. Currently, spectrum trading is not allowed in India.


The proposed transaction fee would be one per cent of the transaction amount. Operators selling spectrum through the trading mechanism will have to notify the Telecom Department about the quantity of spectrum being sold and the price.


There is also a lock-in period for the spectrum traded. If an operator buys spectrum through the trading route, then it will not be permitted to sell any airwaves in the same frequency band for two years.


The seller is free to choose the mechanism to find a prospective buyer, including the auction route.


Spectrum trading refers to the transfer of rights to use the spectrum. The words ‘seller’ and ‘buyer’ are used in the context of transferring the rights from one user to another. When a block of spectrum is traded, the associated rights and obligations of the spectrum block shall stand transferred from the seller to the buyer.


Under spectrum trading, only outright transfer of spectrum is permitted, that is, the ownership of the usage right is transferred to the buyer. Spectrum leasing is not permitted at this point of time.


Spectrum trading will not alter the original validity period of spectrum assignment.


A licensee shall not be allowed to trade in spectrum if it has been established that it is in breach of terms and conditions of the licence and the licensor has ordered for revocation/termination of its licence.


For the present, spectrum trading shall be permitted only on a pan-LSA (Licensed Service Area) basis, that is, spectrum cannot be traded for a part of the LSA. In case the spectrum assigned to the seller is restricted to part of the LSA by the licensor, then, after trading, the rights and obligations of the seller for the remaining part of the LSA with regard to assignment of that spectrum shall also stand transferred to the buyer.


Suppose, due to non-availability of spectrum in some of the districts of an LSA, spectrum has been assigned to a TSP (seller) in only some parts of an LSA (say in 22 districts out of total 33 districts of Rajasthan) with a promise to assign spectrum in the remaining on its availability and it transfers its right to use the spectrum to another TSP (buyer) through spectrum trading. Then, whenever spectrum in remaining 11 districts become available, the spectrum in these districts shall be assigned to the buyer in line with the promise to the seller, after the payment of the balance amount for the remaining 11 districts, if applicable.


The seller and the buyer will be required to inform the licensor regarding the spectrum trade, six weeks prior to the effective date of trade. However, no permission will be required from the Licensor/Government for Spectrum Trading.


All spectrum bands earmarked for Access Services by the licensor will be treated as tradable spectrum bands. Currently, spectrum in 800MHz, 900MHz, 1800MHz, 2100MHz, 2300MHz and 2500MHz spectrum bands have been allocated for Access Services.


Ajanta Pharma Q3 net profit up 92% on higher exports

During the December quarter, Ajanta Pharma reported higher net profit at Rs62 crore on healthy growth in IPM segment and exports

Ajanta Pharma, the speciality pharmaceutical formulation company, has reported a 92% jump in its third quarter net profit on robust sales in India and higher exports.

For the quarter to end-December, the pharmaceutical company said its net profit rose to Rs62 crore from Rs33 crore while its total revenues increased 31% to Rs301 crore from Rs229 crore, same period last year.

during the December 2013 quarter, recorded 92% growth in its net profit and total sales due to robust domestic sales and exports.

However, the rate of sales growth for Ajanta Pharma is less than average three-quarter year-on-year growth rate of 40%, according to Moneylife analysis.

“We had a good quarter fuelled by strong business performance in India and emerging markets,” said Rajesh Agrawal, joint managing director of Ajanta Pharma.

During the December quarter, the pharma company said its total sales in domestic market increased 38% to Rs98 crore which includes Rs84 crore from Indian pharmaceutical markets (IPM) and institution sales of Rs14 crore.

Ajanta Pharma’s exports stood at Rs195 crore, a growth of 26% compared with year ago. Roughly 65% of Ajanta’s operating income came from exports. Some of the markets where Ajanta exports are: Africa, Commonwealth of Independent States (CIS), West Asia, South-East Asia and Latin America.

During the last one year, FIIs shareholding in the company grew to 2.74% from 1.34% in a same period a year ago. Similarly, domestic institutional investors (DIIs) shareholding grew to 0.04% from 0.02% while promoter shareholding grew to 73.60% from 72.70%.

During December quarter Ajanta Pharma has filed four abbreviated new drug applications (ANDAs) with United States Food and Drug Administration US FDA, out of which two are already approved. Ajanta Pharma also filed total 109 product registration dossiers in the emerging markets.

At 3.41PM on Tuesday, Ajanta Pharma was trading 3.9% up at Rs939.8 on the BSE, while the 30-share benchmark Sensex was marginally down at 20,683.

For more stock results, check out this page


Open letter to Rahul Gandhi by another Gandhi, the RTI activist

Rahul Gandhi mentioned RTI for almost 33 times in his interview to TimesNow. This prompted Shailesh Gandhi, the former CIC, to send an open letter asking the Congress leader to discard moves to amend the RTI Act and also appoint a PIO at his own party for giving information under the transparency act

Congress vice president Rahul Gandhi, in an interview to TimesNow has mentioned Right to Information (RTI) Act for 33 times. This prompted former central information commissioner, Shailesh Gandhi, who continues to pursue his RTI activism from Mumbai after the end of his tenure as CIC, to send a letter to the Congress leader on the things that needs to do to further empower citizens through the RTI movement. In a letter, the former CIC has requested the Rahul Gandhi not to support moves by political parties to amend RTI Act and also appoint a public information officer (PIO) at his own party.


Here is the letter sent by Shailesh Gandhi...


Dear Mr Rahul Gandhi,


I would like to congratulate you for your interview broadcast yesterday, where you mentioned RTI 33 times and rightly claimed credit and your personal affinity for it. You have said: "We worked together to bring the RTI. So as far as transparency in the political party is concerned I am absolutely for transparency. There are questions about the RTI that need to be discussed and thought through. The real question is that our system is based on different pillars. And the question is which ones of these pillars should have RTI. Because, if you only put RTI into one pillar and you don't have RTI in for example the judiciary and the press and in other areas then you might create an imbalance. Am I for opening up? Am I for bringing RTI into as many places possible? Absolutely. Am I for creating an imbalance and weakening the legislative structures of this country?"


I must point out that as per the law and the Central Information Commission's interpretation of it, the judiciary and political parties are covered by RTI. The judiciary has accepted this. Since some political parties do not wish to follow the law, they are proposing to amend the RTI Act. Please do not support this move. Get your party to appoint a Public Information Officer and start giving information. Citizens will certainly appreciate this move for transparency. If you do not do this, it would be disowning the position you took yesterday in your interview.


You mentioned that citizen's should be concerned about how candidates are selected. Once you accept RTI you will set the lead and other political parties will have to follow suit. This will also lead to citizen's understanding how candidates are selected for elections.


Yours Truly,


Shailesh Gandhi



Vinay Joshi

3 years ago

Dear Mr.Shailesh Gandhi [ex.CIC],

Has your letter reached to Mr.Gandhi? Generally an 'open letter', is in PRINT MEDIA, noted. I've no idea if ML has fwd the said letter & its only in the forum.

Mr.Shailesh, FYI, eight months after CIC order, Feb 7,2014 CIC, has put up an order ...


“It is directed that the detailed comments...of the action taken on the directions in the commission’s order dated 3 June 2012 may be furnished to the commission within four weeks,” the CIC told the chiefs of the six parties—the Congress, Bharatiya Janata Party, Communist Party of India, Communist Party of India-Marxist, Samajwadi Party and Bahujan Samaj Party.

Now,Mr.Shailesh, if this Feb 7, communication still doesn't filter down? Then What?- WHAT ACTION YOU'LL TAKE. [APART FROM YOUR TRASH LETTER.]

Further the said order has stated -
“Take notice that if you fail to furnish your comments/response within the specified time, it will be presumed that you have nothing to say in your defence and the matter will be processed further as per law,” the order said.

Mr. Shailesh, you've known that fourth estate not public, can't be under RTI as per KG student interview emphasis. But this prominent pillar,& third estate are our dependence. Even CIC as quasi judicial.

Mr. Shailesh, some 'JOKER', talk about me questioning you! I do not want such 'joker' to comment in the forum who has zero IQ!


Mani P Patel

3 years ago

Hi Shailesh, Nice letter to have written to Rahul Gandhi. But what a waste of time and energy. The whole country knows that the Congress Govt. did not want to pass the RTI Act till their hands were twisted. So RG is only bluffing himself and no one else. I looked at the interview as I would look at "Comedy Circus" In fact, I look forward to the elections. It will be One Stand up Comedian Vs. another Stand Up Comedian.


nagesh kini

In Reply to Mani P Patel 3 years ago

Sorry Mani, Not merely stand up comedians but a bunch of crooked clowns out to master the act of cooking the right mix for kichhdi!

nagesh kini

In Reply to Mani P Patel 3 years ago

Sorry Mani, Not merely stand up comedians but a bunch of crooked clowns out to master the act of cooking the right mix for kichhdi!

Vinay Joshi

3 years ago

Dear Mr. Shailesh Gandhi [ex.CIC],

You've still not answered me?

Mr. Gandhi instead of writing a letter to Mr.Gandhi,just an imagination! Nothing beyond that.

As asked by me earlier Mr.Gandhi, have you put up YOUR RTI to CIC on non compliance of its June'13, order to political parties?

Since June'13,there have been - THREE CIC's - NONE THOUGHT IT's ORDER TO BE PURSUED?

Today 4th CIC, since then, have you put up your RTI?

HAVE YOU QUESTIONED IT? DOES IT NOT AMOUNT TO DERELICTION OF DUTY OF CIC? Non cognizance of the order passed by CIC - - NONE OF THE PARTIES OF THE ORDER, have approached CIC to defend!?

Instead of writing concentrate on RTI!


So your open letter to RaGa, no meaning!

Either escalate CIC non compliance aspect or just abandon your letter as 'TRASH'!

Respected Mr.Shailesh do not misread this post. Await your answer if any?


Dayananda Kamath k

3 years ago

rti is giving you the right to information but not the right information. he has mentioned it because he thinks it is a big favour done to the country by him or his party. but this right is enshrined right in democracy. but since you failed to impliment this right. people have to agitate. and you are forced to bring a law. and for that you take credit. it is rediculous

jaideep shirali

3 years ago

Rahul Gandhi mentioned that it was OK for political parties to come under RTI, if the parties felt it necessary, ridiculous is'nt it? With so many questions raised about funding of parties, they would be least interested in transparency. A fundamental question is why the representatives of citizens are not covered by RTI, when most other public bodies are covered under RTI. Secondly, he is hopefully aware that babus and netas are now desperate to amend the RTI, in other words his government is in the forefront of the move to amend the RTI.


3 years ago

Dear Shailesh Gandhi
This is perfect response to what was said in the interview about RTI. It is completely improper and smacks of arrogance to proclaim that UPA II or Congress Party in particular played any proactive role to make RTI happen. I am not also clear about the issue of imbalance, on which Rahul Gandhi was found to be more confused than clear. Congratulations for your candid letter. Sunil Bhandare


3 years ago

Walk the talk, Mr Gandhi !

B Pugazhendhi

3 years ago

Congratulations for writing a positive letter to RG. The suggestion is good. But why no comments about his views on bringing Press under RTI?

Vinay Joshi

3 years ago

Mr. Shailesh Gandhi,

You've neither addressed my post nor had you then on your post as CIC - my reply - faulted in escalating Karnataka HC, judgement to apex court which was summarily dismissed.

In fact your letter to Rahul Gandhi, a non entity in many as spheres as it suits him, SHOULD HAVE STATED THAT information officer not appointed since June 2013, as per CIC order.

Instead of Rahul [non entity as aforesaid- BUT AUTHORITY WHEN WANTED] - You should put up an application to present CIC asking & questioning non compliance & escalate. OK!


nagesh kini

3 years ago

I wholeheartedly support Shaileshbhai's views.
If Rahul's 33 refernces in the interview to the RTI really means that he wants the Congress's Party to take credit for enacting it, the least that he can do is to take RTI forward by taking a lead in getting his own Indian National Congress Party to appoint a PIO.
The Congress Party in consultation with the other political parties and the Information Commission can formulate the Rules as to what information like the criteria for selection of candidates and other 'sensitive information' can be kept out of the purview of the RTI. All other information sought has to be provided as per the provisions of the RTI Act.


3 years ago

Sir, thanking you for writing to the VP of largest political party to make RTI effective first in its own party. only if its done prior to 2014 LS elections, it can be said he was true to his words otherwise he was misleading or fooling the people of India.

Vinay Joshi

3 years ago

Dear Mr. Shailesh Gandhi,

In the first place a debate has to take place on ‘INTELLECTUAL INPUT[s], OF THE INTERVIEWEE BY THE INTERVIEWER! [Arnab, had limitations.]

The interview agreed was with Barkha Dutt, spin masters of Cong.[mainly Sonia & Priyanka] thought let it be with Arnab, highest TV ratings! – A mellowed down an interview was never expected! His body language lacked confidence.

Aspect was to keep him in limelight, the question paper was available to him & like a KG student irrespective of his homework, he flaked! Be it so.

The word ‘fundamental’, used by him 103 times, RTI 33, ‘women empowerment’, - possibly more than the no. of women in India.

Tho’ this comments are restricted to only RTI, pertaining your post.

Mr. Rahul Gandhi, not dynastea [dynasty] as professed yet practice same. Apart.

He going round & about on RTI in respect of political parties, wanting other two estates, viz judiciary & press [media] to be under RTI so as to balance ‘certain’ pillars – FORGETTING that they are pillars of the democracy. THIS SIGNIFIES THAT NEITHER HIS POLITICAL PARTY OR THE UPA IS KEEN TO GET POLITICAL PARTIES UNDER THE AMBIT OF RTI!

Why he fails to state that irrespective, his party which gets 90% donations in cash & 80% unaccounted for SHOULD BE THE PARTY, WHICH SHOULD PREACH, WHAT HE WANTS TO PRACTICE!? HE WANTS RTI TRANSPARENCY BUT AWAITING PARLIAMENT RESOLUTION [so as to suit all] IN RTI v.Political party v.RTI.

Mr. Shailesh, this speaks for itself as regards RTI, or what RTI means otherwise ‘not applicable’ to political parties. WHERE IS THE ‘WHISTLE BLOWER BILL’? How was it surreptitiously eliminated from the Lok Pal Bill?!

‘Adarsh’, was coz of RTI, nothing has happened to the then CM’s! Rather to the perpetrators of the scam – ‘KARGIL WAR WIDOWS HOUSING’!

I think more aspects can be put in by Ms.Vinita, vociferous team, i've rightly put up all my aspects.

Mr. Shailesh, none of the political party can be under RTI as of now.

Mr.Shailesh Gandhi, under which provisions of RTI & jurisprudence, the act applicable to ‘judiciary’, - NOT PROCEDURE OF COURT[s], -AS YOU LAST FALTED AS CIC /QUOTED – ‘KARNATAKA HC’ appeal to SC ‘DISMISSED’!? [You have still not answered me on that]. Judiciary wants transparency.

OR for that matter under RTI which political party was asked to ‘GIVE RELEVANT INFO’!?
A single example required from you – ‘judiciary – v/s – political party – UNDER THE AMBIT OF RTI!

Mr. Shailesh, CIC’s interpretations are always subjected to ‘jurisprudence’.

C’mon Mr. Shailesh, answer me, Mumbai RTO, under RTI had asked 55L – YES FIFTY FIVE LALKHS+ to give info on certain RTI application. What action will you take against this aspect - WILL YOUR RTI SUSPEND THE OFFICERS? OR DISMISS THEM FROM SERVICE?

Apart, RTO, a govt body, WHAT IS THERE STAND? Who has contested it?

So, RTI, is required to be pursued. RTI follow up action should prevail!



3 years ago

Rahul G mentioned "S Y S T E M " 73 times !!

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)