Long distance telephony opened to pvt parties
KEEPING its promise of opening up national long-distance (NLD) telephony (popularly known as STD services) by August 15, the Government today announced unrestricted private participation by companies having a combined promoters' networth of Rs. 2,500 cro res and proposing to invest minimum Rs. 250 crores as equity into the project.

`STD charges will come down'
THE days when you will not have to keep an eye on the meter while making an STD (national long distance) call are not far.

VSNL's ISD monopoly may be reviewed
THE Government has the right to review the monopoly of Videsh Sanchar Nigam Ltd (VSNL) in international long distance communications (ISD) and the question of compensation will be considered when the sector is opened up, Mr. Ram Vilas Paswan, Minister fo r Communications, said today.

Listing of `collective investment' units allowed
THE Government has permitted listing of the units or any other instrument of a collective investment scheme (CIS) on a recognised stock exchange.

Delay in issue of Govt notification -- Banks to miss insurance's first bus
THE entire banking industry would be missing the excitement during the initial period of activity at the office of the Insurance Regulatory and Development Authority (IRDA) when it begins to accept applications for registration of private insurance compa nies on August 16.

IBRD stops $507-m coal sector loan
THE World Bank has decided to stop disbursing a soft loan to help Coal India Ltd (CIL) undertake a coal sector rehabilitation project (CSRP), under which 24 existing opencast projects were to be modernised and expanded to produce 112 million tonnes of co al per year.

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