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Economy
& Business
400
private radio stations
will get licences soon
What
is India News Service, Tuesday, September 07, 2004, 2000 hrs IST
Union Information and Broadcasting Minister S Jaipal Reddy said
the government has drawn up an ambitious roadmap to set up 400
FM radio stations in the private sector across the country.
"In other countries, radio plays an important role and there is a need to develop it in India," he said at a function to release archival recordings of All India Radio (AIR) and Doordarshan digital cassettes and cds here last night.
Harvest scheme with Asean from January:
An Early Harvest Programme (EHP), under the Framework Agreement on Comprehensive Economic Cooperation between India and Asean, is expected to come into effect from January 2005.
BSNL
subscribers to get broadband TV over Internet: An Israeli company has signed a licensing agreement with an Indian firm to provide broadband commercial television over Internet for Bharat Sanchar Nigam Limited subscribers.
ESPN
moves court; Zee files caveat to keep litigation at bay: ESPN-Star Sports today filed a petition in the Bombay High Court challenging the decision of the Board of Control for Cricket in India (BCCI) to award to Zee Telefilms the telecast rights for international cricket played in the country over the next four years.
Mohali software makes US ships sail:
A Mohali-based IT firm, Sebiz Infotech, has bagged prestigious orders of developing and managing the complete IT infrastructure of two US-based passenger ships \97 Cats (Canada-America Transport System) Fast Ferry and Vineyard Fast Ferry.
Govt against ONCG's plans to enter fuel retailing:
Government may nix oil and natural gas Corp's (ONGC) plans to enter auto fuel retailing by asking it to collaborate with Hindustan Petroleum Corp Ltd (HPCL), ONGC's partner in MRPL, for its retail foray.
Indian
oil giant to buy stake in Lankan company: Sri Lanka plans to sell a $50 million stake in Ceylon Petroleum Corp to Bharat Petroleum Corp after China Petroleum and Chemical Corp withdrew its bid,
Lankan Finance Minister Sarath Amunugama said.
Left unions contest ILO report:
The International Labour Organisation's (ILO) report on global economic security, released on September 1, says India and China are the two developing nations where domestic economic security is higher compared to others.
Essential
items get excise exemption: The government allowed the removal of essential items such as butter, cheese, processed foods, aerated water and petrochem products from the factory of production to warehouse, without the payment of excise duty.
A-I discount for elderly:
Air-India will give a discount of up to 25 per cent for senior citizens aged 60 and above from September 16 for the USA and Europe. The discount will be available till March 31 and is on economy class fares only.
Cell
operators walk out of Trai's open house: Amid furore, private cellular operators on Monday staged a walk-out from telecom regulator Trai's open house on the crucial spectrum allocation issue saying they are not being allowed to present facts on certain issues.
Union Bank plans global operations:
Union Bank of India is planning to commence foreign operations by opening six branches at Doha, Qatar, Dubai, New
York and Sydney.
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New TB drug molecule discovered:
India's acknowledged strength in pharmaceuticals manufacturing received a further nudge with
its scientists discovering a new drug molecule for treating tuberculosis. The new molecule, Sudoterb, has been developed jointly by the Council for Scientific and Industrial Research (CSIR) laboratories and Lupin Industries after three years of research.
Union Bank plans global operations:
Union Bank of India is planning to commence foreign operations by opening six branches at Doha, Qatar, Dubai, New
York and Sydney.
Overall:
Jaipal Reddy announced FM bonanza: The broadcasting
minister said India would have 400 private FM radion stations.
Cell operators stormed out:
They said the regulatory authority wasn't giving them a chance to
air their grievances at its open house.
India broke through in TB research: Suboterb is a new
molecule that could treat TB.
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