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Reliance Communications gets a preferential treatment –other mobile operators upset – Government calls for an urgent meeting
Praful Maity
Nov. 17, 2007

Reliance may have influenced the Indian Government again. The Government is now backtracking and calling for an urgent meeting with mobile operators to calm them down.

letter to this effect signed by DoT Secretary D S Mathur has been sent to Reliance Communications Chairman Anil Ambani, Vodafone Inc CEO Arun Sarin, Maxis Communications Chairman Anand Krishnan, Bharti group's Sunil Mittal, Idea Cellular's Kumar Mangalam Birla and Spice Telecom's B K Modi.

Recent changes in telecom policy has created a massive controversy. Many analysts are calling it a policy of preferential treatment for those who have questionable ‘access’ to the Government politicians and bureaucrats.

GSM players, which account for more than two-thirds of telecom services in India, have opposed the government's decision permitting dual-spectrum usage on the same licence. Under this policy, operators of the rival CDMA technology are now entitled to GSM spectrum without submitting a separate license.


BIZ/FINANCE ARTICLES

Reliance Communications gets a preferential treatment –other mobile operators upset – Government calls for an urgent meeting
Praful Maity
Reliance may have influenced the Indian Government again. The Government is now backtracking and calling for an urgent meeting with mobile operators to calm them down.
READ MORE>>

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India’s industrial production growth dipped to an 11-month low of 6.4 per cent this September, 48% below the September 2006 figure.
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READ MORE>>

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READ MORE>>

Another downward 500-point reversal in Sensex makes the index most volatile – can sensex really cross 20,000?
Babu Ghanta
Psychological barriers are significant in the stock markets. Sensex is showing the effect of that. The benchmark index is now world’s most volatile index ever according to analytics.
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Indian central bank has reiterated its earlier stance of a complete ban on P-notes – the bubble in Sensex from P-notes is transparent –SEBI acts slowly with caution
Babu Ghanta
Right now the western FIIs are using the Indian stock markets as gambling pits with the help of P-notes. That are doing what they are not allowed to do in their own countries.
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