Attacking the Congress government for poor law and order situation in Delhi, she said if the BSP comes to power it will put all the anti-social elements behind the bars. She said she would ensure reservation for the poor among upper castes, if her party came to power at the Centre.
—PTI
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R-Adag enters online retail biz; eyes top slot
New Delhi: Seeking to grab the top position within a year in the Rs20,000 crore market, the Reliance-Anil Ambani group (R-Adag) announced on Sunday its entry into the online retail business.
Under the banner of Reliance Money, the new venture would make available a wide variety of products for e-shopping, ranging from financial products such as IPOs, mutual funds, insurance policies and gold coins to items such as apparel, accessories, books, magazines, CDs, DVDs, home appliances and flowers.
Announcing the launch, Reliance Money chief executive officer Sudip Bandyopadhyay said the e- commerce web portal—RelianceMoneyMall.com—would be like a big shopping mall in electronic format where consumers would be able to buy whatever that can be sold online. Asserting that the company was targeting at least 20% market share for the new venture, Bandyopadhyay said the aim is to grab the top position in less than a year.
—PTI
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Tatas seek lock-in period for new telcos only
New Delhi: Tatas have asked the government to limit the proposed three-year lock-in period to new telecom players fearing that the move could stall Tata Teleservices Ltd’s (TTSL) tie-up with Japanese telecom firm NTT DoCoMo Inc..
“The proposed lock-in provisions (should) be only applied prospectively and that too to start-ups, which have been granted initial licences and which are yet to commence operations or establish their credentials. Concluded arrangements like the investment commitments of NTT DoCoMo in TTSL should not be affected,” the company said in a letter to telecom secretary Siddharth Behura.
—PTI
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Trai asked to review termination charge
New Delhi: Mobile telecom tariffs may see a further dip as the government has asked regulator Telecom Regulatory Authority of India (Trai) to review the five-year-old termination charge of 30 paise a minute per call for fixed and mobile telephony. Termination charge is the money given by an operator on whose network a call originates to the operator on whose network the call terminates.
“Termination charges reduction reference has gone to Trai. They have to recommend us what to do (...It is being discussed in Trai to look into the possibility of bringing down the termination charges),” telecom minister A. Raja said here.
—PTI