INDIA INTELLIGENCE REPORT

 

Business & Economy

Maran unveils broadband policy 

What is India News Service, Thursday, 15 October 2004, 1900 hrs IST


Communications minister Dayanidhi Maran today unveiled a broadband policy that aims to fulfil the UPA government\92s commitment to network rural areas.

It also appeases the government's Left friends by refusing to open up the broadband network of Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd for private operators as suggested by the Telecom Regulatory Authority of India (Trai).

Broadband is an always-on internet connection supporting interactive services like faster download of data at a minimum speed of 256 kilobits per second per subscriber.

Cenre announces Rs 661-crore bonanza: The government unwrapped a package for for its employees and those of a clutch of loss-making public sector companies. It also announced plans to release Rs 517 crore to clear dues of 45,000 employees in 24 loss-making state-owned companies.

Threat to shift Bathinda refinery: Hindustan Petroleum Corporation Ltd today threatened to shift the Bathinda refinery to Rajasthan if the Punjab Government failed to fulfil its promise of extending sales tax exemptions and other concessions.

RBI may not revise bank rate: As per the wishes of the centre, the Reserve Bank of India (RBI) is not ready to bring about any change in its policy stance including the revision of the bank rate in its forthcoming half-yearly review of Monetary and Credit Policy measures on October 26

Govt not to hike petrol, diesel prices: Contrary to speculation, Government today decided not to increase petrol and diesel prices despite the sharp surge in crude oil prices, and asked the public sector oil companies to bear the burden for another fortnight.

Bose to expand retail biz: Buoyed by inorganic growth in the Indian market, Bose Corporation India Pvt Ltd (BCIPL), a subsidiary of Bose Corporation, USA, is planning to expand its retail business in India.

LG bets big on local market: LG Electronics India Limited (LGEIL) plans to focus on information and communications products.


Overall:

Maran unveiled broadband policy: 
He plans to network the villages, but isn't talking about privatising what BSNL is doing. 

Aiyar asked oil companies to hang on: The petroleum minister said they should bear the price burden for another fortnight.

Bose will expand retailing: The audio company is looking at a 60 per cent growth in India this year.

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