LIVE MARKET TRACKER :   BSE SENSEX   28438.91      |    NSE NIFTY 8494.20    
GLOBAL MARKETS :  NASDAQ 4787.317   +0.61%    |    FSI London 6737.84   +0.13%    |    NIKKEI Japan 17248.5   -0.78%
  USD GBP EUR CAD AUD INR
USD - 0.6349 0.8011 1.1252 1.1679 61.82
GBP 1.5754 - 1.262 1.7726 1.8399 97.3912
EUR 1.2486 0.7928 - 1.4049 1.4582 77.1885
CAD 0.8891 0.5645 0.7122 - 1.0384 54.9658
AUD 0.8564 0.5438 0.686 0.9636 - 52.9433
INR 0.0162 0.0103 0.013 0.0182 0.0189 -
Indian-Commodity  :  Economy  :  Govt seeks over Rs 8000 crore worth first installments towards one time spectrum fee by Jan 15

Govt seeks over Rs 8000 crore worth first installments towards one time spectrum fee by Jan 15 (14-Jan-2013)

For the telecom operators who wish to make payments in installments, the government has reportedly asked them to pay their first installment of Rs 8,115.68 crore towards one-time spectrum fee by January 15. Out of this, the installment for Vodafone amounts to around Rs 2,093 crore, Airtel's at Rs 1,758 crore, BSNL's at Rs 1,282.98 crore and MTNL's at Rs 916 crore. The same for Idea Cellular stands at Rs 810 crore (includes Rs 84.45 crore of Spice Communications), Aircel's at Rs 584 crore (includes Rs 1.98 core of Dishnet), Loop Mobile's at Rs 607 crore and for Reliance Communications' it's about Rs 63 crore. However, the members are evaluating legal options and may approach court over the issue.

The Center is likely to get Rs 4,251.83 crore from retrospective charges, and Rs 18,925.82 from prospective charges for excess radio-waves held by mobile operators. In all, around Rs 23,177 crore is expected to be collected from levy of one-time spectrum fee. Out of this, State-owned BSNL will have to pay around Rs 6,912 crore, followed by Bharti Airtel , which is expected to pay Rs 5,201 crore, Vodafone - Rs 3,599 crore, MTNL - Rs 3,205 crore, Idea Cellular - Rs 2,113 crore (includes Rs 231.5 crore of Spice), Aircel - Rs 1,365 crore (includes Rs 14 crore of Dishnet), Loop Mobile - Rs 606 crore and Reliance Communications - Rs 173 crore.

Telecom operators have been asked to pay the amount in equal annual instalments for the balance number of years of licence in a manner that the last instalment is paid a year before the expiry of company's licences. Further, the government has also given the licensees not wanting to pay the one-time fee, an option to surrender spectrum beyond 4.4 MHz for GSM. For those who wished to pay, an option of making payments in monthly installments at an interest of 9.75 percent was available. 'Licensees will be allowed Equated Annual Installments (EAI) for the balance number of years of license at the rate of 9.75 percent'.


Top News Today
RBI Governor emphasizes on better banking practices
(26-Nov-2014)

RBI Governor emphasizes on better banking practicesAmid the rising clamour from industry for rate cuts and signs of slow economic growth in September quarter that may compel Finance Ministry Arun Jaitley too, to argue Reserve Bank of India (RBI) Governor......click on news to read complete article.

GMR Infrastructure , FTIL and SAIL to see some action today
(26-Nov-2014)

GMR Infrastructure , FTIL and SAIL to see some action todayGMR Infrastructure (GIL) has emerged as lowest bidder in international competitive bidding for two packages of Eastern Dedicated Freight Corridor project involving construction of 417 km long double track......click on news to read complete article.

Telecom, IT and broadcast soon to see a new super-regulator
(25-Nov-2014)

Telecom, IT and broadcast soon to see a new super-regulatorA new super-regulator governing telecom, information technology and broadcast is on the anvil, as the Centre has finalised the broad outline for appointing a new super-regulator governing these sectors.......click on news to read complete article.

International Stock News
US markets end mostly in red on mixed economic data
(26-Nov-2014)

US markets end mostly in red on mixed economic dataThe US markets ended mostly in red on Tuesday on getting a mixed set of economic data, while the US third quarter GDP showed an unexpected growth, the consumer confidence declined in the month of November.......click on news to read complete article.

US markets move higher in a range bound trade
(25-Nov-2014)

US markets move higher in a range bound tradeThe US markets extending their gains ended modestly higher on Monday, though the trade remained tight ranged and some traders on the sidelines, lacking any major economic data. But the mood was jubilant......click on news to read complete article.

US markets closed higher as Europe, China fuel optimism
(22-Nov-2014)

US markets closed higher as Europe, China fuel optimismThe US markets closed higher on Thursday, as optimism in the global economy grew after central banks in China and Europe signaled additional stimulus measures. The initial strength on Wall Street came......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.