-The Times of India In what could turn out to be its calling card for the 2014 general elections, the government is finalizing a Rs 7,000 crore scheme to give one mobile phone to every family living below the poverty line. Sources in the PMO said the scheme—Har Hath Mein Phone—expected to be announced by PM Manmohan Singh on August 15, will not only aim to give away mobiles to around six...

‘BSNL chosen for project without tender process and it has quoted high price' The Department of Telecommunication's plans to go for extensive erection of mobile towers in the Left-Wing extremism-affected areas, to help people and the security forces stay connected, have been opposed by the Finance Ministry, which cited selection of the state-owned Bharat Sanchar Nigam Ltd for the project without following any tender process and its quoting high costs for...

The finance ministry has asked the telecom department not to entrust state-owned BSNL with the Rs 20,000-crore project to build a nationalbroadband network to take high-speed internet to the hinterlands. It has recommended that a special purpose vehicle (SPV), consisting of many mobile phone companies, be entrusted with implementing this project, while adding that all stakeholders should be chosen through a transparent and competitive bidding process. The telecom department had identified...

The telecom ministry is likely to provide rural wireless broadband connections to over 5 lakh villages in one-and-a-half years The telecom ministry is likely to provide rural wireless broadband connections to over 5 lakh villages in one-and-a-half years and will provide a subsidy to both state-owned and private service providers operators from the Universal Service Obligation Fund for this purpose. “Wireless broadband to cover about five lakh villages... time period, you see,...

Just as microcredit on its own does not represent full financial inclusion, it is our view that neither do business correspondent accounts In a country of 1.2 billion individuals, if we exclude children, we should at least have 900 million bank account holders before we can say the job of basic inclusion in banking is complete. No matter how we count, however, the actual number of bank account holders do not...