Plan and Policy

Plan & Policy

5G rollout expected by 2022: Trai secy

The telecom sector will move to 5G by 2022 and access to digital platform will become highly advanced in the next five years, Trai secretary S K Gupta said on Thursday.

He also said the use of art­i­ficial intelligence and big da­ta analytics is going to mo­d­i­fy the consumer behavio­ur. Gupta further said there has been a dramatic ch­ange in media industry la­n­dscape and adoption of new technology will be key to success.

Rupee seen weakening to 75 against dollar by December 2019

Fitch Ratings on Thursday projected rupee to fall to 75 to a dollar by end of 2019, on widening of current account deficit and tighter global financing.

The Indian rupee is currently trading at a two-week low level, hovering around 71 to a US dollar.

In its global economic outlook, Fitch said it expects inflation to edge up mildly in the coming months, on normalising food prices and higher import prices stemming from the depreciation of the rupee.

SC questions sudden removal of Alok Verma

The Supreme Court on Thursday reserved its judgment on the removal of Alok Verma as the CBI director by the government following a feud between him and deputy special director Rakesh Asthana. The government had intervened after the two warring officers levelled serious charges of corruption against each other. Verma was sent on leave in October, along with his deputy Asthana.

Jet Airways seeks $350m soft loan from Etihad

Cash-strapped Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier, revealed an airline source on Thursday.

UPA ministers under ED lens over Airbus deal

Some of the ministers in the UPA government could be in trouble. The Enforcement Directorate (ED) is expected to summon them in connection with an alleged scam involving a purchase contract of Airbus aircraft for Air India. The names of the ministers, however, have not been disclosed by the investigating agency yet.

The ministers are under ED’s lens over the purchase of 43 aircraft by public sector carrier Air India from French aerospace giant Airbus.

Financial constraints force NHAI to crawl

Highway construction has started losing the initial momentum with risk-averse PSU banks limiting lending to the sector. This threatens execution of dozens of road projects besides the government missing its FY19 target.

1 killed, 3 hurt in blast in IISc Bangalore lab

A suspected cylinder blast killed a 32-year old technician and injured three others during an experiment in the aero-dynamics laboratory of the Indian Institute of Science (IISc) here on Wednesday.

Four technicians of a private start-up company were involved in some experiment at the laboratory when an explosion occurred suddenly at around 2.20 pm, they said. 

Tyres exports to cross Rs 12,000 crore this year

Tyre exports from In­d­ia are expected to cr­o­ss Rs 12,000 crore for the first time this fiscal after having clocked a turnover of Rs 6,314 crore in the first half of the year.

Tyre exports have been gr­owing for the past three years. From Rs 8,824 crore in year 2015-16, tyre exports fr­om India went up to Rs 9,658 crore in 2016-17 and cr­ossed the 10K crore mark for the first time to stand at Rs 11,180 crore in 2017-18, industry body automotive tyre manufacturers association (ATMA) said.