India delays new telecom investment rules

February 24, 2006

India reportedly will delay the implementation of new limits on foreign investment in the nation's telecommunications sector.

A report in Friday's Business Standard said the government had agreed to an extension of the March 3 deadline for companies to comply with the new rules on residency for key executive positions.

India had been prepared to raise the limits of foreign direct investment to 74 percent with conditions that included ensuring that top-level jobs would be held by resident Indians.

The Standard said that a Thursday closed-door meeting with Prime Minister T.K.A. Nair and several Cabinet secretaries resulted in an indefinite delay so that possible amendments to the FDI rules could be considered.

Rate this story - not rated yet

rank
1
2
3
4
5

view popular

Other News

Ecosia search engine fights climate change

Technology / Internet

55 minutes ago | not rated yet | 0

An Ecosia search engine launching Monday is counting on the world's fascination with the Internet to help save Brazilian rainforests and battle global warming.

FCC asks Verizon Wireless to explain fees

Technology / Telecom

15 minutes ago | not rated yet | 0

(AP) -- The Federal Communications Commission on Friday asked Verizon Wireless why it recently doubled the fees it charges customers when they break their contracts on "smart" phones.

GE to buy $345 mln of ads from NBC Universal

Technology / Business

1hour ago | not rated yet | 0

(AP) -- General Electric Co. has promised to buy at least $345 million in advertising from NBC Universal over five years after selling a controlling stake in the entertainment company to Comcast Corp., according to a regulatory ...

Microsoft unleashes lawsuits, raids in piracy crackdown

Technology / Business

3 hours ago | not rated yet | 0

Microsoft Corp. said Thursday it has unleashed a series of lawsuits and is cooperating in criminal prosecutions worldwide in an effort to stem piracy of its software.

Californians -- and their cell phones -- will help computer scientists monitor air pollution

Technology / Computer Sciences

4 hours ago | not rated yet | 0

You want to go for a run, but you don't want to run in polluted air that might aggravate your asthma. University of California, San Diego computer scientists are creating a network of environmental sensors ...