BSNL will construct the colossal fibre-network under National Broadband Plan: Sibal

Despite strong reservations from the Telecom Regulator, telecom minister Kapil Sibal has said that the state-owned Bharat Sanchar Nigam (BSNL) will be tasked with creating a massive optic-fibre network across the country. Speaking at the World Summit on the Information Society (WSIS) in Geneva today, Sibal said that “initially,” BSNL will be in charge of […]

Revision in inflation numbers ‘a cause for concern,’ interest rates may rise: expert

Even as wholesale price inflation, as measured by the Wholesale Price Index or WPI declined in April, experts have raised questions about the upward revision of earlier data. According to numbers released today, inflation in the country came down marginally to 8.66% in April from 8.98% announced for March last month. However, the government also […]

FICCI rejoices in Mamata’s and secretary general’s win at the polls

The Federation of Indian Chambers of Commerce and Industry (FICCI), India’s second biggest industry association, said that Mamata Bannerjee’s victory in Bengal may bring back West Bengal’s lost status as one of India’s industrial hubs. FICCI, which normally restrains itself from commenting on changing political fortunes, said it “strongly welcomes” the transition of power in […]

PAC Chairman Murli Manohar Joshi accuses Congress of trying to rig PAC meeting on 2G scam

The Public Accounts Committee Chairman and BJP leader Murli Manohar Joshi launched a scathing attack on the Congress Party for trying to sabotage the Public Accounts Committee — the Parliamentary Committee that examines the government’s expenditure and revenue. Joshi accused senior Congress ministers of plotting to disturb and over-turn the functioning of the Public Accounts […]