Aditya Birla Idea Payments Bank Limited has shut its operations only 17 months into the business. The decision is due to a lack of funds for continuing operations and unanticipated developments that have made the […]
Vodafone’s mobile phone-based banking service M-Pesa has reportedly shut shop in India with effect from July 15, 2019. The move is due to regulatory curbs and stress in the phone banking sector.
The Department of Posts has decided to convert the India Post Payments Bank (IPPB) into a small finance bank to provide microcredit to individuals and small and medium enterprises at their doorstep. Besides, it aims […]
Vodafone Idea has selected Amdocs to consolidate its post-paid operations for retail and enterprise customers across mobile and fixed line services. As part of the multi-year agreement, Idea’s post-paid customers will be migrated to the […]
The government has disbursed Rs 204.31 billion for the BharatNet project till date. Of this, Rs 102.86 billion has been disbursed for Phase I and Rs 101.45 billion for Phase II.
The Expenditure Finance Committee (EFC) of the Delhi government has given its approval to the “hotspot” model, under which free internet will be provided to the residents of Delhi. Further, the EFC has approved a […]
The Telecommunication Engineering Centre, DoT’s technical wing, has started issuing certificates to telecom equipment manufacturers after testing their products in government-certified laboratories. The first set of certificates has been issued to Matrix Comsec, a Vadodara-based […]
The Telecom Regulatory Authority of India (TRAI) has issued a directive asking telecom operators to submit a monthly status report of complaints regarding pesky calls within 10 days from the end of each month starting […]
DoT has signed an MoU with the Indian Council for Research on International Economic Relations to develop a broadband readiness index (BRI) for Indian states and union territories. The BRI will have two parts. The […]
The telecom ministry has reportedly approved a revival plan for state-run operators Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). As per the plan, MTNL will be made a subsidiary of BSNL. […]
The Digital Communications Commission (DCC) has approved the imposition of a cumulative penalty worth Rs 30.5 billion on Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio. Further, the DCC […]
The Department of Telecommunications (DoT) has issued guidelines for conducting 5G trials across all available spectrum bands and has fixed a uniform fee of Rs 5,000 for the trial licence. As per the guidelines, the […]
The Rajya Sabha passed the Motor Vehicle (Amendment) Bill, 2019, on July 31, 2019. Amendments to the bill will aid improvements in road safety, enhance citizen facilitation with transport departments, and strengthen rural transport, public […]
NHAI has opened the second elevated section starting from Masuri under Phase III of the Delhi-Meerut expressway project. The 2.5 km Masuri elevated section has three lanes on each side of the elevated corridor, and […]
The government has decided to declare all lanes at toll plazas on national highways as FASTag lanes with effect from December 1, 2019. The electronic toll collection at FASTag lanes will ensure seamless traffic and […]
The Life Insurance Corporation (LIC) has offered a line of credit (LoC) worth Rs 1.25 trillion to NHAI to fund highway projects. The LoC is valid through 2024. The funds will be used to help […]
The Ministry of Road Transport and Highways (MoRTH) is planning to generate additional funds from stations located along expressways by levying a commission on every litre of petrol or diesel sold. As part of the […]
The National Highways Authority of India (NHAI) has signed an MoU with the NIIF. The fund is promoted by the Government of India to give a boost to the country’s infrastructure sectors. The MoU is […]
The Haryana government has granted approval for the Jind-Hisar new railway line project. The project involves laying of a 50 km long new railway line connecting Jind and Hisar via six new railway stations – […]
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