-The Indian Express On a day when the UPA government’s renewed effort to attract bids from telecom companies for the ensuing auction of 1,800 Mhz and 900 Mhz spectrum drew a blank, Union Minister for Communications and Information Technology Kapil Sibal said that “if the court were to take upon itself the responsibility of allocating spectrum in the public interest, in whichever manner it deems fit, it may serve us better”. With...

-The Economic Times The Direct Benefits Transfer (DBT) scheme commenced with the initial rollout in 20 districts covering seven scholarship schemes. Another 23 districts will be covered by March this year. The intention is to link all government benefits to Aadhaar-based identification of beneficiaries and to channelise the cash benefits through Aadhaar-enabled bank accounts. Irrespective of the merits of translating some benefits delivered in kind like in PDS into their cash-equivalent, for...

-PTI The CBI has registered a case in a Delhi court against Bharti Airtel Ltd, Tata Communication Ltd and Singapore TeleCommunications Ltd for allegedly causing a loss of nearly Rs 48 crore to the government since 2004 by illegally providing international long distance (ILD)services. All the three telecom companies have been booked on charges of criminal conspiracy and cheating under the Indian Penal Code and also under the Indian Telegraph Act for...

-PTI The postal department plans to enter the banking business with the Reserve Bank of India deciding to grant new bank licences to entities with credible track-record. Consultant appointed Sources said the Department of Posts, which has a strong foot print in rural areas, has appointed Ernst and Young (E&Y) as the consultant for the proposed ‘Post Bank’ “Ernst and Young is expected to submit a detailed project report by April, after which all...

-The Indian Express Amidst a growing concern about educated youth indulging in anti-national and anti-social activities, the apex higher education regulator has asked universities to take steps to check "radicalisation of youth". Following recommendations made by the National Integration Council, the University Grants Commission has written to all universities and recognised institutes asking them to ensure that students enrolled even in science and technology courses study humanities and social sciences alongside, so...