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Prepare for more range-trading
The market turned weak on the cusp of settlement and made a partial recovery in the first session of the December settlement. The Nifty ended with a net week-on-week loss of 2.2 per cent, closing at 4,941.75 points while the Sensex was down 2.3 per cent at 16,632 points. The Defty lost 2.5 percent with the rupee losing ground.
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BSNL revenue arrears stand at Rs 7,483 crore for 2007-08

BSNL’s revenue arrears for 2007-08 have touched Rs 7,482.81 crore, out of which Rs 4,226 crore may or may not materialise, the Rajya Sabha was informed today. - Ushacomm targets MVNOs and new telecom operators with TIB-X - Trai seeks financial details of broatcasters - MNP norms by August-end: Trai - India adds 1.2 cr wireless subscribers in June - TRAI says MNP norms by August-end; asks operators to be ready - BSNL revenue arrears stand at Rs 7,483 cr for 2007-08: Govt The biggest defaulters are private customers under basic services who owed Rs 4,173.63 crore as on March 31, 2008, Minister of State for telecom & IT Sachin Pilot said in a written reply. He said the government is considering a proposal of charging a one-time entry fee for spectrum allocation beyond 6.2 Mhz of spectrum. He said Trai is seeking penalty powers on telephone companies for violating its directives. “Trai has sent a consolidated revised proposal to DoT to consider various amendments in the Trai Act 1997, which provides for imposition of penalty on telephone operators for violation of its directions,” he said.


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