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About 11 results for "finance and telecommunications ministry"

India in talks with South Korea for setting up 5G test labs
Money Control

India in talks with South Korea for setting up 5G test labs

"The telecom ministry is in discussion with South Korea to collaborate in the field of telecommunications including setting up of 5G test laboratories," an official source told PTI. Money Control, 2 hours ago
Business Standard

Telecom sector needs over 47 lakh additional manpower by 2022: Sinha

Telecom sector will need over 47 lakh additional skilled manpower by 2021-22 over and above the present strength of around 40 lakh, as per various industry estimates and assessment, Parliament was informed today."...an additional skilled manpower requirement ...
 Business Standard1 month ago
Rediff.com

How govt plans to ensure PNB-style scams don't ever happen

Govt tells PSBs to integrate banking systems, rotate staff as a policy The department of financial services will soon hold a meeting with the information technology team of all public sector banks (PSBs) to ensure a scam such as the one at Punjab National Bank does not recur, officials said.   The department has directed all PSBs to plug the technology lapses that enabled the scam of fraudulent Letters of Undertaking (LoUs) issued on behalf of the Nirav Modi and Mehul Choksi groups of ...
 Rediff.com1 month ago

Apex body for spectrum management a must

Mini Tejaswi The department of tele­co­mmunications (DoT) is in the process of formulating the National Telecom Policy (NTP) 2018 for which the Telecom Regulatory Authority of India (Trai) has issued a consultation paper and is currently soliciting ...
 The Financial Chronicle2 months ago
Rediff.com

'Govt banks rarely take note of RBI directives'

'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.''PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.' IMAGE: Central Bureau of Investigation agents escort a Punjab National Bank employee allegedly accused of steering fraudulent loans to companies linked to billionaire jeweller Nirav Modi outside a Mumbai court, March 3, 2018. Photograph: Francis ...
 Rediff.com3 weeks ago

Who will regulate the regulators?

It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya. Illustration: Dominic Xavier/Rediff.com Finance Minister Arun Jaitley has said that in India while the political leadership is held accountable for all its actions and inaction, the regulators are not accountable in the same way.   Jaitley’s comment came in the wake of the letter of undertaking (LoU) scam that has ...
 Rediff.com1 month ago

Finally, Urijit Patel opens up on banking frauds, crony capitalism and the RBI's limited authority

The over $ 2-billion-dollar Punjab and National Bank (PNB) scam involving Nirav Modi and Mehul Choksi had led to many questioning the Reserve Bank of India's failure to stop the misuse of the SWIFT (Society for Worldwide Interbank Financial Telecommunication) ...
 Sify1 month ago

Kandy riots: Sri Lanka govt blocks social media

Sri Lanka on Wednesday blocked popular social media networks, such as Facebook, Whatsapp, Viber and Instagram to name a few, for three days in order to prevent the spread of communal violence across the country."The social media in the country is now being ...
 Business Standard1 month ago
Rediff.com

'Modi's political capital has taken a very big beating in the Nirav Modi case'

'Four weeks have passed after the scam was exposed, yet no big guy has been arrested.''This gives the impression that he wants to be soft on the biggies.' Photograph: Adnan Abidi/Reuters The Rs 11,400 crore fraud by jeweller Nirav Modi and his maternal uncle Mehul Chinubhai Choksi better known as the PNB (Punjab National Bank) scam, is turning out to be one of the biggest scams in India's recent corporate history. The initial reaction to the fraud at PNB, the country's second-largest public ...
 Rediff.com1 month ago

Pilot of run of toll system on Delhi-Mumbai highway

The National Highways Authority of India (NHAI) is planning on rolling out a pilot project on a "pay as you use" toll system on the Delhi-Mumbai highway soon. The pilot project is expected to run for one year and involves implementing a satellite-based ...
 Deccan Herald1 month ago
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