Bizbits

TRAI for GMPCS revenue sharing
NEW DELHI: The Telecom Regulatory Authority of India TRAI has recommended a Rs one crore entry fee and a five per cent revenue-sharing for operators of global mobile personal communications by satellite GMPCS.

Submitting its recommendations to the government on entry fees, revenue share as annual licence fee, definition of gross revenue and terms and conditions of licence agreement for GMPCS services, TRAI said the licensee would get one year for commissioning the service from the effective date of licence agreement. After a long-drawn out consultative process, TRAI also mooted additional entry fee of Rs five lakh for delay up to one year, Rs 10 lakh for delay between one to two years and Rs 15 lakh for delay beyond two years. Stating that the delays in payment of licence fees would attract interest apart from penalty, TRAI said additional entry fee would be payable even by those applicants who seek time of more than one year for commissioning the service, whichmight be settled with the licensor at the time of grant of the licence.

Former BBA president passes away
MUMBAI: The Bombay bullion market remained closed on Friday as a mark of respect to the former president of Bombay Bullion Association Shantilal N Sonawala, who expired on Friday. Sonawala was the president of the association from 1981 to 1992.

Essae Technologys launches LibaSoft
MUMBAI: Bangalore-based Essae Technologys has announced the launch of a new library management software LibaSoft8217;. The company is a leading provider of auto identification solutions, offering a full range of barcode generation software, barcode printers, scanners, consumables and data collection terminals. Librasoft is a 32-bit Microsoft Windows 95/98/NT compatible library database management and barcode generation library automation software package. The software is capable of tracking all items including books, videos, records, cassette tapes, CDs, LDs and DVDs.