Empowered Group Of Ministers (egom)

In a bid to entice telecom companies for the upcoming 2G auctions, the empowered group of ministers (EGoM) has lowered SUC to a maximum of 5% of average revenues.

EGoM to examine alternatives for IOC divestment

The finance ministry in the EGoM meet told the oil ministry that the Fin Min was expecting Rs 4500 crore from this disinvestment. So, if the oil ministry was opposing IOCL divestment then they need to come up with an alternative plan. to raise Rs 4500 crore.

IOC divestment dilemma: EGoM to meet on Jan 9

The empowered group of ministers (EGoM) is scheduled to meet tomorrow to discuss selling stake in India Oil Corporation.

EGoM approves higher base price for spectrum auction

An Empowered Group of Ministers (EGoM) headed by Defence Minister A K Antony agreed with the recommendation of the Telecom Commission to better regulator TRAI's suggested reserve or base price for the auction of spectrum in the 1800 MHz and 900 MHz bands used by GSM operators such as Bharti Airtel and Vodafone.

900 MHz spectrum to be priced higher than 1800 MHz: KPMG

In the upcoming spectrum auction which might happen in September 900 MHz spectrum would be priced higher than 1800 MHz, believes Jaideep Ghosh of KPMG.

Gas price pooling: CCEA to take final decision

It is understood that the Cabinet Committee on Economic Affairs (CCEA) might take the final decision on the gas price hike reports CNBC-TV18‘s Siddharth Zarabi.

Govt clears ETF for public units to push disinvestment

The Cabinet today approved the setting up of a CPSE Exchange Traded Fund (ETF) which is expected to speed up disinvestment programme, check volatility in share price movement and encourage retail participation.

Auction needs relook, reserve price too high: Harish Salve

The government's 2G auction plans get a blow. There are no takers for the 900 megahertz GSM spectrum in the upcoming auctions in March as Vodafone, Bharti Airtel and Idea have decided not to participate.

EGoM on telecom to meet tomorrow

The Empowered Group of Ministers (EGoM) on Telecom, which deferred its meeting today, will hold discussions tomorrow on working out the roadmap for spectrum that was unsold in the recent auction.