Trai seeks views on exit policy for telcos

The last date for submission of responses is January 16,2012. The regulator said the Department of Telecommunications had requested it in December,2011,to recommend an exit policy for licencees of all types of licences that wish to exit from provisioning of telecom services under a licence.

At present,there is an exit option for Internet Service Providers (ISP),but not for other telecom licence holders.

Govt firm on 8% Tier-I capital for PSU banks: Pranab

Finance Minister Pranab Mukherjee on Friday said the government was committed to maintaining 8 per cent Tier-I capital in all public sector banks to enable them to meet Basel-III capital adequacy norms.

“The draft guidelines on Basel-III capital regulation were released on December 30,2011,for implementation from January 1,2013. These guidelines envisage more stringent norms for capital adequacy. On our part,the government has committed for maintaining a minimum of 8 per cent Tier-I capital in all PSBs (public sector banks)…,” he said.

The extra provision under Basel-III would also be taken care of by the government,which was also focused on keeping all the public sector banks “adequately capitalised”,he said.

“I can assure you that we have committed to bring our banks on par with global sphere while catering to the needs of the (Indian) economy,” he said.

The finance minister also cautioned the banks,“The journey has just begun (for Indian banks). We need to be smart,resilient and stable to reach out to the people at large.”