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...

-PTI   The South Korean based Posco wants to exchange high alumina content iron ore with low alumina content mineral within the country Though Posco had agreed not to insist on the import clause in the lapsed memorandum of understanding (MoU) with Orissa government, it wanted swapping of iron ore within the country. “Posco-India has given its consent to delete import clause from the lapsed MoU. However, it wants swapping of iron ore within...

Under pressure from big business to end the political stalemate, India’s self-proclaimed anti-corruption campaigner Anna Hazare yesterday broke his 12-day fast at the Ramlila Maiden, a public ground in New Delhi. On Saturday, the Indian parliament passed an “in principle” resolution agreeing to include three of Hazare’s demands in proposed Lokpal or ombudsman legislation. Though tensions have eased, nothing has been settled. Hazare, who headed large anti-corruption protests, has backed away...

India should facilitate private sector growth in higher education, particularly in technical subjects, and should explore and develop innovative public-private partnerships (PPP) in the 12th Five-year Plan In a potential game-changer for India’s education sector, the Planning Commission has suggested that the country allow establishing institutes of higher learning that could be run for profit. “The not-for-profit tag in higher education sector should perhaps be re-examined in a more pragmatic manner so...

The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted. An unhealthy nexus between builders and politicians...