Letters sent out to the finance ministry last month by Bharat Web3 Association and CoinDCX highlighted concerns over the 30 percent VDA tax burdening small Web3 and crypto businesses and the need for a level playing field by bringing offshore exchanges under TDS regulations.
Chenoy has been the secretary general of Federation of Indian Chambers of Commerce and Industry and MD and CEO of National Skill Development Corporation.
Crypto industry body Bharat Web3 Association is expected to meet the Finance Ministry officials next week, according to sources.
The company has 3G spectrum in 13 circles and Broadband Wireless Access (BWA) or 4G airwaves in 8 circles.
The auction of telecom spectrum today entered the second week with intense bidding for the premium 900 MHz band for 2G radio waves, pushing the rates above the price at which 3G spectrum was sold in 2010.
Inter-ministerial panel Telecom Commission had in October given in-principle approval to spectrum trading and it was cleared by the Empowered Group of Ministers. Trai was then asked to provide detailed guidelines for trading.
The government on Monday said it would cap spectrum usage charges at 5 percent for telecom companies for any fresh airwaves it auctions. Here is a guide to understanding the development.
Telephone operator MTNL intends to cut a part of its mammoth Rs 13,000 crore debt, the firm‘s CMD AK Garg told CNBC-TV18.
The spectrum usage charge is levied annually as a percentage of revenue earned by telecom companies from telecom services. It varies between 3 to 8 percent.
The Department of Telecom (DoT) is believed to be in favour of a lumpsum payment of around Rs 5,925 crore as pension benefits to the MTNL staff. It had proposed to implement the voluntary retirement scheme in both the PSUs for 1 lakh BSNL employees and 20,000 employees in MTNL.
State-owned telecom operator BSNL is expected to announce a fall in losses, at Rs 8,198 crore, for 2012-13 fiscal. In 2011-12, it had reported losses of Rs 8,851 crore.
Currently 4G operators can only offer non-voice services. However, now the telecom commission has decided to permit 4G operators to offer voice services by paying Rs 1650 crore to the government, reports CNBC-TV18‘s Malvika jain.
Telecom tribunal TDSAT today set aside a DoT order penalising Qualcomm by shortening the time limit for rolling out broadband services and reducing the holding period of spectrum allotted to the company.
The government today said it will give three months time to foreign companies to form their Indian venture, with not more than 74% foreign equity, in case they win a licence to offer telecom services in the upcoming spectrum auction.
The Competition Commission today approved the merger of four broadband wireless business entities jointly owned by US-based telecom giant
Telecom tribunal TDSAT today reserved its order on a plea by the US-based Qualcomm opposing reduction in the validity of licence period and changes in roll-out obligations on wireless broadband spectrum allotted to the company.
IIFL telecom analyst GV Giri offers his analysis to CNBC-TV18 on Bharti‘s initial investment of approximately USD 165 million to acquire 49% of Qualcomm AP‘s India entities
The road for American wireless major Qualcomm to start its wireless business in India seems to be finally clear. Qualcomm informed CNBC-TV18 that the department of telecom (DoT) has offered it broadband wireless access (BWA) licences. Qualcomm received the telecom department's offer on October 10, 2011.
The Telecom Ministry has sought comments from global chip maker Qualcomm, which had bagged broadband spectrum in 2010 auction, on the issue of rejection of its ISP licence application.
State-run BSNL's losses have more than tripled to about Rs 6,000 crore during 2010-11 mainly due to hefty outgo for employees' salary and expenses borne by the PSU for procuring 3G and BWA spectrum. The company had registered a net loss of Rs 1,823 crore during 2009-10.
Qualcomm's one billion dollar BWA foray has been on the block since a while but Vodafone Essar is eyeing this particular BWA foray reports Kritika Saxena of CNBC-TV18 quoting sources.
The Telecom Secretary today said that his department is expediting the process of Broadband Wireless Access (BWA) auction. The department of finance intends to provide for its non-plan expenditure through this, reports CNBC-TV18’s Malvika Jain.