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RBI Conducts 34th Inflation Expectations Survey of Households

Mumbai (ABC Live):The Reserve Bank of India, RBI has been conducting Inflation Expectations Survey of Households (IESH) on a quarterly basis since September 2005. The 34th round of the Survey with October-December 2013 as the current reference period has been launched today. The Survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in …

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TRAI Amended Regulations 2013 Encourage Telemarketers for Registrations

New Delhi (ABC Live): TRAI here Tuesday issued the Telecom Commercial Communications Customer Preference (Fourteenth Amendment) Regulations, 2013 to encourage telemarketers to register with TRAI by reducing the registration fees and the security deposit with the service provider. During the implementation of the regulations, some of the major entities like banks and insurance agencies have requested the Authority to reduce …

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Only 7.6 percent Internet Subscribers Have Broadband Facility: TRAI

New Delhi (ABC Live): Internet in India is expanding its footprints gradually despite in June 2013 the total numbers of Internet Subscribers have reached to 198.39 Million in the nation of 1.237 billion people. The above mentioned statistics conformed that still only 16.5 percent of people have access to internet facility. Further, data released by TELECOM REGULATORY AUTHORITY OF INDIA …

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India’s e-BRC Project Gets eASIA Award

Minh City (ABC Live):The Directorate General of Foreign Trade’s electronic Bank Realization Certificate (e-BRC) project has won the 2013 eASIA Award under Trade Facilitation category as announced by Asia Pacific Council for Trade Facilitation and Electronic Business (AFACT) in Ho Chi Minh City, Vietnam on November 29, 2013. The Union Minister of Commerce and Industry Shri Anand Sharma expressed his …

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India’s Apex Court Retried Judge A K Ganguly Denies Sexual Harassment Allegation

New Delhi (ABC Live): The former Supreme Court judge Justice A K Ganguly whose name was officially stated in apex court official released a statement on Friday in sexual harassment of a young woman law intern case has denied the allegations and said he was “shocked and shattered” by the charges against him. As per release, Justice Ganguly had recorded his statement before a three-judge …

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Power Grid Corporation of India to Offer Follow-on Public Offer

Mumbai (ABC Live): The Power Grid Corporation of India (POWERGRID) is coming up with a Follow-on Public Offer (FPO) which includes 13 per cent of fresh issue of shares and 4 per cent disinvestment of shares by Government of India. The issue opens on December 3rd and closes on December 5th for Institutional Investors and December 6th for Retail category …

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India Extends Validity of Central Order No. S.O.2968 By One Year

New Delhi (ABC Live): The Union Cabinet today approved the proposal for extending the validity of the Central Order No. S.O.2968 (E) dated 20.12.2012 for a further period of one year that is from 1st December, 2013 to 30th November, 2014 in respect of rice and paddy. The main objective of Control Orders is to enable State Governments to continue …

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TRAI Releases Amended Telecommunication Tariff Order 2013 for Mobile Banking Services

New Delhi (ABC Live):Telecom Regulatory Authority of India (TRAI) has released the Telecommunication Tariff (Fifty Sixth Amendment) Order, 2013 prescribing a ceiling tariff for the use of USSD for USSD-based mobile banking services and the Mobile Banking (Quality of Service) (Amendment) Regulations, 2013. Together, these establish a framework to agents of the banks to interface with the access service providers …

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TRAI Releases Recommendations on Monopoly in Cable TV Services

New Delhi (ABC Live):The Telecom Regulatory Authority of India (TRAI) has released its recommendations on ‘Monopoly/ Market dominance in Cable TV services’. The salient features of the recommendations are: (i)     State to be the relevant market for assessing monopoly/ market dominance of Multi System Operators (MSOs) in the TV channel distribution market; (ii)   Market dominance to be determined on the …

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India Approves Scientific deep Drilling in the Koyna Intra-Plate Seismic Zone

Mumbai (ABC Live):The Cabinet Committee on Economic Affairs has approved the proposal to undertake scientific deep drilling in the Koyna intra-plate seismic zone, in Maharashtra. The total cost of the project is Rs.472.3 crore for five years. The proposed scientific deep drilling investigation in Koyna region will provide a unique opportunity to better understand the mechanism of reservoir-triggered earthquakes, developing …

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