| 3G spectrum winners can use it only after June | 21-NOV-09 |
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| The ambiguity over availability of 3G (third generation) telecom spectrum would end soon, as the ministry of defence has agreed to release 25 MHz of 3G spectrum before December 8, paving the way for auctioning of all the four slots in every circle simultaneously. But, the successful bidders in the auction would be able to utilise the spectrum only after June 2010, despite the auction process happening on schedule in January. |
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| Govt not to import rice as of now, says Sharma | 21-NOV-09 |
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| India will not import rice as it has adequate stocks of the grain, Commerce and Industry Minister Anand Sharma said today after a meeting of the empowered group of ministers (EGoM) on food. |
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| Not me, sir | 20-NOV-09 |
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| Communications Minister A Raja has learnt it’s better to be safe than sorry. After the EGoM meeting on the 3G spectrum auction, Finance Minister Pranab Mukherjee was surrounded by journalists. He refused to make any comment and then turned towards Raja and said, “Nobody should talk to the press about this meeting.” Even before Mukherjee could finish, Raja waved his hands and said, “Sir, I am not saying anything. I am not saying anything.” A few days ago, Mukherjee had summoned Raja and told him not to talk to the press about the 3G issue and to ensure that no inter-ministerial communication related to the 3G auction was leaked from his office — letters from Mukherjee to Raja and vice versa have all been leaked to the press in recent weeks. |
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| Canara Bank starts hunt for acquisition | 20-NOV-09 |
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| A day after meeting finance ministry officials to discuss the consolidation roadmap for public sector banks, Canara Bank today indicated that it would opt for acquisition to strengthen its presence in Gujarat, Haryana and Maharashtra. |
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| Canara Bank opens 104 branches | 20-NOV-09 |
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| Bangalore-based public sector lender Canara Bank today opened 104 new branches across the country to mark the 104th anniversary of the bank. The bank was founded on November 19, 1906, in Mangalore. The bank aims to scale up the number of its branches across India from 2966 to 3,000 branches by December 2009. The 104 branches were inaugurated by Union Finance Minister Pranab Mukherjee in New Delhi. |
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| Air India to resume pay cut talks | 19-NOV-09 |
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| Air India is to again start the process of negotiations on productivity-linked incentives (PLI) in pay with the staff unions. Earlier meetings held to agree on an amount to cut from salaries have not yielded satisfactory results. |
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| EGoM on 3G auction to meet today | 19-NOV-09 |
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| The Empowered Group of Ministers (EGoM) on the auction of third generation (3G) spectrum will meet tomorrow to discuss the vacation of spectrum by defence forces. |
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| Air India to get Rs 400 cr in Jan | 18-NOV-09 |
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| National Aviation Company Ltd, which runs Air India, will receive a government grant in the form of equity infusion of Rs 400 crore by January. |
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| Empty berths | 17-NOV-09 |
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| It is well known that both Railway Minister Mamata Banerjee and Chemicals and Fertilisers Minister MK Alagiri fail to attend the weekly Cabinet meetings. At a recent meeting of the Cabinet, when both were missing, Finance Minister Pranab Mukherjee was upset enough to say that all members of the Cabinet were expected to attend Cabinet meetings. Prime Minister Manmohan Singh instructed Cabinet Secretary KM Chandrashekhar to convey the sentiments of the finance minister to the absentee members. |
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| Pranab meets Rajapaksa today | 15-NOV-09 |
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| Finance Minister Pranab Mukherjee will meet Sri Lankan President Mahinda Rajapaksa over lunch on Sunday to deliver a message of a worried United Progressive Alliance (UPA) government to address the rehabilitation issue more effectively and expedite the long-pending devolution of power for the Tamils. |
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