DoT exempts non-telecom revenue for calculating levies on telcos
The government on Monday amended the telecom licence norms to reduce the tax burden on telecom operators by exempting all non-telecom revenues, income from dividends, interest, property sale and rent, among others, for calculation of levies like licence fees and spectrum usage charges.
Economy likely to register 9.5% growth this fiscal: Report
The economy is likely to register a 9.5 per cent growth this fiscal over 7.3 per cent contraction last year, as the ongoing recovery is faster and more credible than earlier foreseen, according to a foreign brokerage report.
Airtel accepts 4-year moratorium on spectrum, AGR payments
Bharti Airtel has informed the government that it will opt for the four-year moratorium on payment of AGR and spectrum dues, a source said. The option of dues moratorium was offered by the government to telcos as part of a recently-announced relief package for telecom sector.
Govt signs share purchase agreement with Tata Sons Air India sale
The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
Facebook knew about and failed to police abusive content globally: documents
News/World: Facebook employees have warned for years that as the company raced to become a global service, it was failing to police abusive content in countries where such speech was likely to cause the most harm, according to interviews with five former employees and internal company documents viewed by Reuters.