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Sunday, November 16, 2003

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Panel moots telecom model for FM radio — Migration from licence-fee regime
The Expert Committee on FM radio is set to recommend the telecom model for companies migrating from the existing licence-fee regime to a revenue-sharing arrangement with the Government. According to sources, the committee has suggested that FM ... More

IBA okays single benchmark PLR
THE Indian Banks' Association has agreed to the RBI suggestion of having a single benchmark prime lending rate. Earlier the IBA had suggested that there be separate prime rates, one for working capital loans and another for term loans, but the ... More

Steel producers mull dual pricing
PRIMARY steel producers in the Indian market are engaged in a fire fighting exercise. Faced with the possibility of a reduction in the import duty on steel, the primary steel producers are planning a sort of dual pricing policy for domestic ... More

Stocks recover in special session
AFTER a two-day fall, stock markets recovered in Saturday's special trading session. The buying was across-the- board in the absence of most of the institutional investors. The National Stock Exchange and the Bombay Stock Exchange held a ... More

As smart as fraud can get
CHANDRAMOHAN'S office is located in a safe place. It's near the busy, well-lit Anna Nagar Round Tana in Chennai. Not exactly an area where Chandramohan T, director, BharatPlanet Consulting, a small IT software outfit, would expect to be mugged ... More

VSNL, Dishnet in `block spammers' list
SPEWS.org has included VSNL and DishnetDSL, both ISPs in its spam list. SPEWS.org (stands for Spam prevention early warning system) describes VSNL as "Spammer hosting. Failing to act on reports of abuse. This place is a mess." and Dishnet as "Far ... More

More freedom to set up project offices in India
WITH a view to liberalising and simplifying the procedures for establishment of project offices in India, the Reserve Bank of India today issued general permission to a foreign entity for setting up a project office in India subject to the ... More

SEBI clears Sahara proposal to acquire First India Mutual Fund
THE Securities and Exchange Board of India has cleared Sahara India's proposal to acquire First India Mutual Fund, the first instance of a completely new sponsor to take over an existing asset management outfit. While specifics like the price ... More


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Iraq Diary


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