Monday, 5 August 2013


British telecom major Vodafone is not in favour of holding conciliation talks with India over its Rs 20,000-crore withholding tax dispute
 under Indian jurisdiction, but instead has proposed they be held
under a neutral authority, a person familiar with the matter said. 

In the wake of vulnerability of the telecom network at the hand of hackers,
a proposal for setting up Telecom Security Directorate (TSD) has been mooted to ensure a coherent organisational structure for tackling cyber threats.
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Government is expected to float tender this week for procuring key equipment for national broadband network, estimated to cost around Rs 1,092 crore.
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Insurance Bill all set to get Parliament nod
Even as Finance Minister P. Chidambaram is meeting Opposition leaders on Saturday for discussions pertaining to issues, including the Insurance and Pension Bills, the Insurance Amendment Bill that will allow foreign direct investment (FDI) up to 49 per cent in the sector, is in all likelihood to be passed in Parliament as the ruling UPA and Opposition have narrowed down their differences on the issue.
On Thursday, the Cabinet hiked the FDI cap on insurance to 49 per cent through the automatic approval route subject to approval by Parliament.
The Insurance Bill has been pending in the Rajya Sabha since 2008.
“In all likelihood, the BJP will support the government in the passage of the Insurance Bill. There is broad consensus within the party that the bill should not be blocked any further,” a senior BJP member of the Standing Committee on Finance said on the condition of anonymity.

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