Popular Articles

Ultra Motor launches two electric scooters
Two-wheeler maker Ultra Motor Company today launched two new electric scooters priced between Rs 28,300 and Rs 31,900 (ex-showroom, Delhi).

Overseas investors buy Rs 994 crore of stocks
Overseas funds bought a net Rs 994 crore ($213 million) of Indian equities yesterday, taking their investments in stocks this year to Rs 77,410 crore, the nation’s market regulator said today.

News of the day

Vodafone tax saga (re)surfaces
Early last week, the Mumbai revenue department issued show cause notices to Vodafone, proposing to tax offshore transaction, as a result of which Vodafone acquired a controlling interest in GSM licences from Hutch.
Home Business

DoT to seek Cabinet nod for Rs 10,000-cr defence proj

The Department of Telecom (DoT) will approach Cabinet shortly seeking allocation of Rs 10,000 crore to prepare an optical fibre cable (OFC) network for defence forces in the next three years in lieu of release of spectrum for mobile services. - FM asks Raja to push Trai Bill in Winter Session - No headway in 3G spectrum logjam - DoT may reconsider Etisalat DB-Allianz merger proposal - DoT, defence scrap over 3G spectrum - DoT may reconsider Etisalat DB-Allianz merger proposal - Mittal for uniform 3G allocation A senior DoT official said efforts are on to seek the Cabinet approval for Rs 10,000 crore allocation as soon as possible to prepare the OFC. In a meeting, chaired by Cabinet Secretary K M Chandra Sekhar, yesterday, the progress on optical fibre project was discussed and DoT was asked to seek Cabinet approval as soon as possible to get it going. National Knowledge Commission Chairman Sam Pitroda was also present in the meeting. DoT and the Defence Ministry had signed a memorandum of understanding (MoU) under which the latter was supposed to release 45 MHz of 3G spectrum. Of this, the Defence released 10 Mhz of spectrum last month. The MoU follows at least two years of negotiations. It entails vacation of spectrum by the defence forces once DoT builds an alternative optical fibre cable (OFC) network for them. DoT has asked BSNL and MTNL to build OFC, the cost of which will be reimbursed by the department.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):