TRAI picks holes in satcom fee structure
The Telecom Regulatory Authority of India has asked the Department of Telecommunications (DoT) to clarify the basis of fixing a different licence fee structure for the Subhash Chandra-promoted Afro Asian Satellite Communications Ltd and Iridium India Telecom Ltd (IITL).

Mulayam scoffs at Paswan's overtures
The Samajwadi Party led by Mulayam Singh Yadav on Tuesday rejected a suggestion made by a dissident Janata Dal leader Ramvilas Paswan to join the National Democratic Alliance (NDA) along with its electoral ally, the Nationalist Congress Party (NCP).

Customs duty on PSF to be slashed to 20% from Jan
The protective customs duty of 35% on polyester staple fibre (PSF) is all set to be reduced to 20% from January 1, 2000, under an agreement with the US and European Union concluded in December 1994.

  Briefing
  US to unveil rules on grain, drug sales to Iran
  Hectic trading in spices, fenugreek firm at Navi Mumbai
  Scant rainfall may hit Centre's kharif output target
  Monitoring group on external debt to define foreign exchange liabilities
  Steel import floor-price meet put off to Aug 2
  EC disallows exclusive DTH licence to Doordarshan
  Trai releases paper on GMPCS licensing issue
  Trai moves court, COAI to withdraw cases
  Haryana speaker resigns before trust vote
  Crucial JD meet tomorrow to chart poll strategy
  `Railways need level-playing field vis-a-vis road transport'
  BJP decision on Yadav faction entry into NDA before July 31
  Huge royalty loss due to illegal mining in Bihar alleged
  CPI-M charges Govt with favouritism in telecom bail-out package
  Executive Briefing
  Basle Committee issues credit risk guidelines
  Cabinet committee cuts issue price of bulk palmolein oil