Good Morning... News 6.12.14 1. The telecom department has agreed to let Bharti Airtel and Vodafone keep using airwaves for which permits have expired, following intense pressure from the regulator and the carriers. The move will come as a relief to millions of users in Delhi and Mumbai circles who may have had to face service disruptions otherwise. 2. Fairfax Financial Holdings, owned by Canadian value investor Prem Watsa, is in advanced negotiations to purchase a 26% stake in the non-banking finance company of Mumbai-based financial services firm India Infoline. 3. The labour ministry has asked the Employees Provident Fund Organisation (EPFO) to study various investment options, including the finance ministrys proposal to invest a portion of its funds into the stock market that has repeatedly met with opposition from EPFOs board members. 4. The Narendra Modi government has decided to give a significant break to Indias beleaguered special economic zones (SEZ), by opening up the use of social infrastructure such as schools, hotels and shopping arcades for outsiders not operating within the zone. The move will make SEZs more attractive for investors and make it more viable for developers to invest in creating such social infrastructure in the non-processing areas of these zones.
Posted on: Sat, 06 Dec 2014 05:01:03 +0000
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