Sikkim

Sikkim News Today. Live Updates & Latest Sikkim News Headlines. Latest News, Photos, Videos. Read the latest news from Gangtok and North East India…

Bharti Airtel To Make Balance Payment To Government Expeditiously

Bharti Airtel To Make Balance Payment To Government Expeditiously

Sunil Bharti Mittal, founder and chairman of Bharti Airtel, on Thursday said that adjusted gross revenue (AGR) issue is an unprecedented crisis for the telecom industry. Mr Mittal's comments came after he met telecom minister Ravi Shankar Prasad to give an overall view of the industry."Committed to complying with the Supreme Court order on adjusted gross revenue (AGR), and Bharti Airtel will make the balance payment expeditiously," Mr Mittal told reporters.Mr Mittal also said that the telecom industry is heavily taxed and suggested cut in taxes and levies for the sector.
Read More
France’s ADP Buys 49% Of GMR Airports For $1.45 Billion

France’s ADP Buys 49% Of GMR Airports For $1.45 Billion

French airports operator ADP, which operates Paris airports Roissy and Orly, has bought a 49 per cent stake in GMR Airports for 1.34 billion euros ($1.45 billion), ADP said on Thursday. GMR Airports has a portfolio of seven airports in three countries: India, the Philippines and Greece. ADP said the Delhi and Hyderabad airports in India and the Mactan-Cebu airport in the Philippines together handled a total of 102 million passengers in 2019.The four other airports, which had 22 million passengers in 2019, are either under development (Goa and Heraklion) or were recently won by GMR after a bidding process…
Read More
EESL signs MoU with BSNL to install 1000 public charging stations across India

EESL signs MoU with BSNL to install 1000 public charging stations across India

 Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under Ministry of Power, Government of India, has signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL), an Indian state-owned telecommunications company for the installation of public charging stations to boost e-mobility adoption across India. Under the partnership, EESL will set up public charging stations in 1000 BSNL sites in a phased manner on a pan India basis. EESL will make the entire upfront investment on the services pertaining to the MoU, along with the operation and maintenance of the charging infrastructure by using qualified personnel.…
Read More
CEO of Abu Dhabi Future Energy Company, Masdar, Wins “The Gulf Intelligence International Energy Diplomacy Person of the Year Award 2019”

CEO of Abu Dhabi Future Energy Company, Masdar, Wins “The Gulf Intelligence International Energy Diplomacy Person of the Year Award 2019”

 The CEO of the Abu Dhabi Future Energy Company, Masdar, Mohamed Jameel Al Ramahi, will be presented with “The Gulf Intelligence International Energy Diplomacy Person of the Year Award 2019,” in London on February 27th. Previous recipients of the prestigious accolade, which takes place during the Energy Institute’s International Petroleum (IP) Week, have included the Ministers of Energy & Industry of the UAE and Saudi Arabia.  The International Energy Diplomacy Person of the Year Award celebrates the successful legacy of an individual with an outstanding record of achievement in the Advancement of collaboration and cooperation to ensure the global energy industry delivers on its commitment to the great energy transition and balanced markets. “Mr Al Ramahi’s vision to spearhead the strategic development of…
Read More

Centre Closely Monitoring Agriculture Credit Given By Banks: Finance Minister

Finance Minister Nirmala Sitharaman said on Saturday that the government is monitoring farm credit given by banks in rural areas, adding that she expects to meet the increased target of Rs 15 lakh crore for the next fiscal.The government in Budget 2020-21 has raised the farm loan disbursal target by 11 per cent to Rs 15 lakh crore for the next fiscal and allocated Rs 1.6 lakh crore to implement various plans in agriculture and allied sectors as it chases the goal of doubling farmers' income by 2022.The government has allocated Rs 75,000 crore for the PM-KISAN scheme for the…
Read More

Telecom Firms Warned Of “Necessary Action” If Dues Not Cleared Immediately

The government may take action in terms of encashing the bank guarantees of telecom service providers (TSPs) in case they "immediately" fail to pay their spectrum usage charges and the licence fees in compliance with the Supreme Court order of October 24 last year.In letters to different telecom circles, the zonal telecom units of the Department of Telecom (DoT) have not explicitly raised the issue of encashment of bank guarantees in the communications to the telecom service providers, but mentioned "necessary action under the Licensing Agreement without any further notice" which indicates towards two courses of action -- either encashment…
Read More

Banks Will Have To Pay The Price If Any Telco Files For Bankruptcy: SBI Chairman

SBI Chairman Rajnish Kumar on Saturday said banks will "have to pay the price" in case any telecom firm files for bankruptcy, a day after the Supreme Court made it clear that telecom companies will have to pay the Rs 1.47 lakh crore in past dues.The chief of the country's largest lender State Bank of India (SBI) said it is in the "wait-and-watch mode" and the onus of ensuring telecom companies' compliance with the Supreme Court order lies with the Department of Telecommunications (DoT) under the government."If there is a negative impact on any enterprise, it impacts a larger ecosystem,…
Read More

RBI Board Recommends Aligning Accounting Year With Fiscal Year From 2020-21

The Reserve Bank board on Saturday recommended aligning the central bank's accounting year, beginning July, with the financial year from 2020-21, an official statement said.The Central Board of Directors of RBI, at its 582nd meeting, reviewed the current economic situation, global and domestic challenges and areas of operations of the Reserve Bank.The board recommended aligning the financial year of RBI, currently July-June, with the government's fiscal year (April-March) from the year 2020-21. It approved forwarding a proposal to the government for its consideration, the RBI said in the statement.
Read More

Will Pay AGR Dues, Business Continuation Depends On Supreme Court Order: Vodafone Idea

Debt-ridden telecom operator Vodafone Idea said on Saturday that it is assessing the amount that can be paid towards Adjusted Gross Revenue (AGR) dues, even as it flagged concerns over the continuation of its business. The company said it is in the process to pay adjusted gross revenue dues as per the Supreme Court order.However, the continuation of business in India will depend on a favourable order on its modification plea filed before the apex court, it added."The company is currently assessing the amount that it will be able to pay to DoT towards the dues calculated based on AGR…
Read More

Centre Willing To Look Beyond Budget To Bolster Growth

Finance Minister Nirmala Sitharaman on Friday said that she is open to more tweaking inside and outside the Budget for economic growth based on the feedback given by economists and experts."If more has to be done beyond the Budget 2020, we are willing to do that. I am open to take steps beyond it. We are open to hearing from all of you so that as and when tweakings have to happen or more has to be done beyond the Budget, we are willing to do that, the Finance Minister said in a panel discussion.Participating in an interactive session on…
Read More