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DoT wing seeks clarity on 3G licence fees
Wireless Planning and Coordination (WPC) wing, the highest policymaking wing of the Department of Telecommunications (DoT), has sought clarifications from the department on the licence fees that need to be paid by successful bidders of third generation (3G) auction for acquiring a unified access service licence (UASL).

Tea shortage to widen as drought in India, Kenya hurts crops
A global tea shortage may increase by 10 per cent next year as drought in Kenya, Sri Lanka and India, the top exporters, damage crops and propel prices to a record, the world’s biggest tea plantation company said.

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Interest rates may not rise sharply: Rangarajan
The government"s high borrowings may not push up interest rates sharply towards the end of this year and are likely to hover around the current levels, Prime Minister"s Economic Advisory Council chairman C Rangarajan said.
Public Relations

Forex reserves dip $144 million

The country’s foreign exchange reserves fell by $144 million for the week ended December 25, 2009, mainly due to revaluation of currencies. The rupee ended the week at Rs 46.65 to the dollar as against Rs 46.73 at the end of the preceding week. - Rupee starts New Year on weak note, sheds 7 paise - Rupee gains 12 paise against in early trade - Rupee falls by 4 paise in opening trade - Rupee gains 4 paise in early trade - Rupee falls by 9 paise in opening trade - Govt eases rules governing royalty payments overseas Foreign currency assets fell $132 million while gold reserves remained unchanged.


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