Saturday, October 3, 1998
Basic telecom operators seek licence fee deferral by one year
Basic telecom operators have sought a deferment of the payment of the second year's licence fee by a year. The Association of Basic Telecom Operators (ABTO) has sought a meeting with Telecom Commission chairman Anil Kumar to plead for a deferment in view of the unexpected project delays due to unforeseen problems.
RBI gives new banks micro-level freedom
The Reserve Bank of India (RBI) has given freedom to new-generation private sector banks to fix directors' fees and certain other perquisites of CEOs and board of directors without seeking the apex bank's clearance. RBI has also freed all commercial banks from seeking its permission for hiring new premises for branch expansion.
Power-sector outlay in Ninth Plan flares up
Financial outlay for the power sector during the Ninth Plan period (1997-02) has been revised upward to Rs 1,31,151.96 crore from the original estimate of Rs 1,25,771.47 crore. The total capacity addition during the plan period has been pegged at 40,245 mw.
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