Tuesday, February 16, 1999
Telecom firms blink first, 11 pay licence fees
As many as 11 private telecom ompanies paid up the mandatory 20% of the outstanding licence fee within the deadline set by communications minister Jagmohan, leaving the remainder as prime takeover targets or likely business disaster cases.
Sinha may place ceiling on public debt
Finance minister Yashwant Sinha may place a statutory ceiling on public debt in the budget in a bid to curtail excessive Government borrowings.
Centre may reduce foreign equity in earth stations to 20%
The Government is planning to scale down foreign equity in earth stations from 74% to 20% in the second phase of the uplinking policy.
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