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Dadri farmers want more time to return compensation
The farmers of Dadri in Ghaziabad district, where Anil Ambani-controlled Anil Dhirubhai Ambani Group (ADAG) has proposed a gas- based power plant, today urged the Uttar Pradesh government to grant more time for returning the land acquisition compensation paid by the company.

Sena uses Belgaum card to trump Vidarbha advocates
The Shiv Sena has raked up the Belgaum card to trump the proponents of a separate Vidarbha state out of Maharashtra. The saffron party, which is yet to recover from its successive defeats in the Lok Sabha and state Assembly elections, has already reiterated that it will launch an agitation for an undivided Maharashtra. At the same time, the party dared the Congress-led governments at the Centre and the state to take concrete measures for the inclusion of Belgaum (currently in Karnataka) in Maharashtra. The demand is currently pending in the Supreme Court.

News of the day

Automatic digging
Facebook: Facebook is digging its moat deeper – only now it’s doing so on autopilot. The social networking firm has said before its operations throw off more cash than they consume. So news that operating profits also more than cover capital expenditures doesn’t surprise — until you realise the company added another 50m users over the past 3 months. This self-financed infrastructure build-out is significant.
Management

DoT to impose Rs 132 cr penalty on telcos

The Department of Telecom (DoT) is understood to have decided to slap a total penalty of Rs 132 crore on some major telecom operators for not rolling out services on time after the award of licence and spectrum. - DoT considering exclusive Defence Band - 3G spectrum auction likely by end of February - "It"s for defence ministry to release more spectrum" - Defence Min will release more spectrum: DoT - BSNL expansion plan hits rough patch - BSNL"s Rs 35k cr expansion hits rough patch The penalty, which will be in the form of liquidated damages (LD), are for delays since 2005 for which show-cause notices had been issued earlier. "As per the calculation, the revised LD amount is Rs 132 crore, Bharti Airtel (Rs 28.20 crore), Reliance Communications (Rs 19.85 crore), Tata Teleservices (Rs 36.5 crore), Tata Teleservices (Maharashtra) (Rs 3.7 crore). The LD on Aircel is Rs 28.995 crore, while Vodafone Essar, MTNL, BSNL have not been slapped any LD, said an internal DoT note. "Idea Cellular has to pay Rs 1 crore, HFCL Infotel and Sistema Shyam have to pay Rs 7 crore each," it added. A DoT official said the department would soon send individual notices to the telcos. He said once the old cases are disposed the LD would be imposed on new cases which could be much more. As per the latest calculations the penalty has been lowered to Rs 132 crore from the earlier figure of Rs 450 crore. The reduction comes after the DoT diluted the roll-out norms in line with the demands made by the operators. The department had diluted the roll-out conditions for mobile companies by allowing them to fulfill their obligation within one year from the date of getting spectrum. Earlier the date of grant of licence was taken to calculate the roll-out targets.


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