In August 2015, the Reserve Bank of India had granted in-principle approval to 11 applicants to set up payments banks, including India Post.
Prasad is now focussed on turning around two state-owned enterprises — telecom utility Bharat Sanchar Nigam Ltd and India Post.
The department of telecommunications (DoT) has so far served around Rs 8,000 crore in penalty notices to telcos. Most of these resulted in litigation, which includes 3G intra-circle roaming issue among others.
Telecom Minister Ravi Shankar Prasad said BSNL has installed 4,500 mobile towers in the country, MTNL installed 28 towers in Delhi
Ravi Shankar Prasad denied anyone was playing into the hands of private players.
Ravi Shankar Prasad said that the CBI carried out its searches only after obtaining a search warrant from the competent court.
The minister said the post offices were already involved in e-commerce activity which had fetched them business to the tune of Rs 800 crore in the last four to five months.
Prasad said Ambedkar did not let any anguish creep in while drafting the Constitution despite facing discrimination in his life.
Speaking at the Microsoft Future Unleashed event, the India-born CEO said there will be more computing in our lives in the coming decade.
“Why should we bother about Rahul Gandhi and his remarks when he is not a factor in Bihar Assembly polls, neither for us nor for his own party – the Congress, which is contesting only 41 seats?” he asked
Government’s mishandling of encryption policy frames a shambolic approach to internet governance.
“The NDA led by the BJP will get a comfortable majority. Don’t be surprised, it may be close to two-thirds,” says Union Minister Ravi Shankar Prasad ahead of Bihar polls.
The minister advised the operators not to do anything to meet the growing demand for data services at the cost of voice.
“We have been most liberal and understanding in giving due recognition to people of different ideology and approaches. All of them have contributed in a very significant way to make modern India,” Prasad said.
Call drops raise questions about Digital India. Spectrum shortage is at the heart of the matter.