Today : Thursday - Aug 21, 2014, 01:57am (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Education
Travel
Lifestyle
Gulf News
Featured
 
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News
 

TRAI says no need for exit policy

Thursday - Apr 19, 2012, 11:09am (GMT+5.5)
[+] Text [-]

New Delhi -  In a major setback for telecom operators, especially those who want to shut operations in India, the Telecom Regulatory Authority of India (TRAI) Wednesday said there was no need for a exit policy.

"Presently there is no need for a separate exit policy for all types of licences and the entry fee paid by the licensees will continue to be non-refundable as per their license terms and conditions," TRAI said in its response to the Department of Telecom's (DoT) request last year for recommendations on exit policy.

"Present conditions in various licences with regard to their surrender (licensee can surrender its licence by giving atleast 60 days notice, 30 days in case of ISP license) shall continue to be applicable," it added.

TRAI's move will virtually shut doors for firms who plan to shut operations in India and have sought refund of their licence fee after the Supreme Court ordered cancellation of their licences.

On Feb 2, Supreme Court ordered cancellation of 122 telecom licences issued in 2008 affecting nine firms.

Companies like S Tel, Etisalat and Loop who have announced plans to exit the Indian market have sought refund form the government. Loop has sought Rs.2,800 crore as refund from the government in entry fees, bank guarantees and other investments.

Telecom Regulatory Authority of India had earlier issued a pre-consultation paper on exit policy in January on issues like implications, advantages and disadvantages, to individual licensees, to the government revenues and to the telecom sector as a whole.





|

Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
Euro on brink of collapse: IMF (19th Apr, 2012)
Department of IT will now be DeitY (19th Apr, 2012)
GST likely to come into effect from next fiscal: Sushil Modi (19th Apr, 2012)
Adi Godrej is new CII president (19th Apr, 2012)
BlackBerry launches new smartphone to regain market share (19th Apr, 2012)
IndiGo to launch six new flights from April 20 (19th Apr, 2012)
Daimler to beef up its R&D activities in India (19th Apr, 2012)
Sensex closes 0.2 percent higher at 17,392.39 points (18th Apr, 2012)
Employees take to the streets to save Uninor in India (18th Apr, 2012)
Cobra beer to add froth at British queen's diamond jubilee event (18th Apr, 2012)
Sri Lanka relaxes rules on imports of reconditioned cars (18th Apr, 2012)
European debt crisis could flare up again: IMF (18th Apr, 2012)
End of the road for one of the world's most renowned whiskeys - Johnnie Walker (18th Apr, 2012)
Home prices down in China (18th Apr, 2012)
Chinese firm eyes Iceland resort (18th Apr, 2012)
Sensex closes at 34 points (18th Apr, 2012)
Goodricke plans foray into dairy business (18th Apr, 2012)
Tamil Nadu to ink more investment agreements: Jayalalithaa (18th Apr, 2012)
Smart phone BlackBerry Curve 922 launched in India (18th Apr, 2012)
Chhattisgarh assesses rural development, skips rebel areas (18th Apr, 2012)
Daimler to shift truck manufacturing to Tamil Nadu (18th Apr, 2012)
Sensex rises 89 points (18th Apr, 2012)
Gold buying support at prevailing higher levels and ended flat at Rs 28,890 per 10 gm. (18th Apr, 2012)
Domestic January-March air growth at 6.55 percent (18th Apr, 2012)
SpiceJet allowed to directly import ATF (18th Apr, 2012)




Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use