Spectrum auction is unlikely to be held this fiscal due to delay in recommendations over pricing from the regulator Trai, official sources said. The government had pegged revenue from communication services, that include upfront realisation from spectrum sale and licence fee, at Rs.42,865.62 crore for the current fiscal.
Tag: licence
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Cairn to extend Rajasthan block
Cairn India has sought partner ONGCs nod for extension of the licence of their prolific Rajasthan oil block beyond the contractual deadline of 2020.
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RBI considers India Post banking licence application
The Reserve Bank of India (RBI) has decided on Apri 2, 2014 to grant "in-principle approval to two applicants viz., IDFC Ltd and Bandhan Financial Services Pvt Ltd, to set up banks under the guidelines on licensing of new banks in the private sector issued on February 22, 2013. The High Level Advisory Committee (HLAC) set up by the RBI has recommended the above mentioned companies as suitable for grant of in-principle approval. The HLAC also recommended that application of Department of Post for
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RBI grants in-principle approval for banking licences to IDFC and Bandhan
The Reserve Bank of India (RBI) has decided on April 2, 2014 to grant Ăâin-principleĂâ approval to two applicants viz., IDFC Ltd and Bandhan Financial Services Pvt Ltd, to set up banks under the Guidelines on Licensing of New Banks in the Private Sector issued on February 22, 2013 (Guidelines). These two applicants were also recommended as suitable for grant of Ăâin-principleĂâ approval by the High Level Advisory Committee (HLAC) set up by the RBI. The HLAC had also recommended that in the case of D
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India suspends Anglo-Eastern Group’s licence
The Indian Directorate General of Shipping (DGS) has suspended the licence granted to global ship management firm Anglo-Eastern GroupĂâs Singapore unit to manage ships registered in India. DGS is India's maritime administration wing.
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RBI has not received any application for banking license
Union Minister of State for Finance Namo Narain Meena informed Rajya Sabha that as on date no application for licence under the new banking guidelines was received and no licence has been granted under these new guidelines. On February 22, the central bank released ĂâGuidelines for Licensing of New Banks in Private SectorĂâ to promote financial inclusion and further infuse comp
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Angel expects banking license norms to be a game changer
Angel Broking feels that the final new bank licensing guidelines released by the Reserve Bank of India (RBI) are potentially game-changing for the banking sector. The brokerage firm expects six to eight very serious corporates, with deep-pockets (far more than was earlier being anticipated), may get a banking license
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Steel Exchange gets gas supply from ONGC
Steel Exchange India is learnt to be getting gas from the ONGC's isolated fields in the KG Basin under direct marketing. The upstream oil major is said to be supplying the gas at the rate of 10,000 standard cubic metre per day. The fist of these fields at Vygreswaram in East Godavari dist
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Govt grants licence for infra debt fund
ICICI Bank, which is the largest shareholder of the first Infrastructure Debt Fund (IDF) under the non-banking finance company (NBFC) structure, received license for the fund from Finance Minister P Chidambaram. Following the receipt of the licence, commercial operations of the fund, named India Infradebt, would begin. Almost a year ago, the shareholders of the fund sign
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Govt grants licence for infra debt fund
ICICI Bank, which is the largest shareholder of the first Infrastructure Debt Fund (IDF) under the non-banking finance company (NBFC) structure, received license for the fund from Finance Minister P Chidambaram. Following the receipt of the licence, commercial operations of the fund, named India Infradebt, would begin. Almost a year ago, the shareholders of the fund sign