-ANI Union Telecom Minister Kapil Sibal on Wednesday announced new rules for the telecom sector in which he said that the government has decided to de-link granting of future telecom LICences from spectrum allocation. Addressing a news conference here, Sibal said all LICense henceforth will be unified and added that there will be a cap on spectrum capacity in case of mergers and acquisitions which in turn requires surrendering excess capacity. Sibal said...

The government is looking to track all mobile phone users. As per amendments made to operators’ LICences, beginning May 31, operators would have to provide the Department of Telecommunications real-time details of users’ locations in latitudes and longitudes. Documents obtained by The Indian Express show that details shall initially be provided for mobile numbers specified by the government. Within three years, service providers will have to provide information on locations of all...

Justice A K Ganguly, who was part of the bench that monitored the CBI probe into the 2G spectrum scam and retired soon after pronouncement of the explosive judgment ordering cancellation of telecom LICences, wants the Supreme Court to follow what it has prescribed for the high courts - no judgment should remain reserved for more than three months.  Justice Ganguly said litigants develop a grudge against the justice delivery system...

Liquor baron Ponty Chadha’s mercurial rise is all ‘Maya’ A reclusive liquor baron may seem like an anomaly in these never-ending good times. But Gurdeep Singh Chadha—better known by the moniker Ponty Chadha—fits the bill. Often called “Mayawati’s financier”, the 57-year-old Ponty has been making large (if silent) waves for the political patronage he enjoys in Uttar Pradesh. Any bottle of liquor sold in India’s most populous state goes through his...

-PTI Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI director said on Monday.  India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, LIChtenstein, British Virgin islands etc.  "It is estimated that around 500 billion dollars of illegal money belonging to Indians...