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New DoT panel to look into all aspects of 5G rollout
Posted on 10th September 2019
The Department of Telecommunications (DoT) has formed another inter-ministerial panel on 5G. The panel comprises officials from the Prime Minister’s Office (PMO), ministries of home, external affairs, Department of IT, Department of Science and Technology, Intelligence Bureau (IB) and National Security Council.

The panel has been formed at a time when the government is deliberating on participation of Chinese firm Huawei in 5G trials and later in rolling out telecom networks.

This is the second time that DoT has formed an inter-ministerial panel on 5G as an earlier committee headed by principal scientific adviser (PSA) K Vijay Raghavan had already submitted its report. The earlier panel also included officials from IB, ministries of external affairs, home, telecom, IT and Department of Science and Technology.

As per sources, the formation of the panel was necessary as the issue of 5G requires broader consultations on all the aspects and not just regarding Huawei. “The PSA-headed committee in its report has not recommended banning of Chinese firms in 5G trials, but its mandate was limited to trials. So we have formed the new panel that will look after all the aspects of 5G,” a source said.

In fact, following formation of the new panel, even routine decisions on 5G have been put on hold. For instance, companies are still waiting for approval for 5G tests in the upcoming India Mobile Congress (IMC), which will take place in Delhi on October 14-16. It’s a flagship event, jointly organised by the DoT and the Cellular Operator Association of India (COAI). Telecom network providers, along with mobile operators, will showcase their 5G use cases and technology during the three-day event.

“The approval will be granted after the panel gives a go-ahead. Companies like Ericsson, Nokia, Huawei have applied to showcase 5G solutions during the event,” said another source.


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Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

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