SPECTRUM ALLOCATION POLICY
Fund Manager Talk | PSU stocks in 3 sectors offer value for long-term investors: Charanjit Singh, DSP Mutual Fund
We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.
Which are the best asset classes to own over 1-year, 3-year & 5 years? Nilesh Shah answers
Nilesh Shah says up to one year, he will recommend an arbitrage fund for a high taxpayer or debt funds, money market funds and short-term bond funds where one could have the limited benefit of a drop in interest rates. Between one to three years, one can go towards longer duration bond funds. Post-budget, one can also look at investment in precious metal.
Prioritise 6 GHz spectrum for 5G, roll out fair share data network usage norm: COAI to government
COAI emphasizes the need for massive spectrum resources like Bharat 6G Alliance and Vision for 6G innovations and deployment.
Modi 3.0: Industry seeks roadmap to cement India's lead in global digital arena, vows support
The Digital Infrastructure Providers Association (DIPA) has expressed full support for India's digital and telecom transformation under the new government, emphasising the need for a clear roadmap to solidify the country's leadership in digital infrastructure. DIPA highlighted the success of initiatives like Digital India and PM WiFi Access Network in enabling broad digital adoption, with Director General Tilak Raj Dua stressing the industry's readiness to collaborate with the government.
Govt favours level playing field in telecom amid satcom entry
The government is committed to maintaining a fair "level-playing field" in the telecom sector, especially regarding satcom services. Spectrum will be allocated administratively but at fair pricing. A letter will be sent to Trai for suggestions on pricing and modalities for satellite spectrum allocation. Parliament has not sought to change the 2012 Supreme Court judgment favoring auction as the preferred method for spectrum allocation. The government's recent filing with the Supreme Court was to inform them about specific cases requiring administrative allocation of airwaves, not to seek a change in the verdict.
"This is Modi Ji's 5G mega scam..." says AAP MP Sanjay Singh on request of centre on 2G spectrum case
AAP's Sanjay Singh accuses PM Modi of a '5G mega scam,' prioritizing friends over the nation. Singh criticizes Modi for favoring friends, influencing spectrum license allocation, and appointing his nephew as BCCI chairman. The case involves allegations, court rulings, and parliamentary decisions.
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Beyond Tesla, what is Elon Musk's next big India ambition?
Elon Musk's visit to India involves discussions on Tesla and Starlink. The competition in India's satcom sector includes major players like Mukesh Ambani's Reliance Jio, Luxembourg's SES, and Amazon's Project Kuiper. The space economy in India shows significant growth potential. Approvals to Elon Musk-owned Starlink for starting satcom services in India are stuck with the communications ministry seeking clarity from the Department for Promotion of Industry & Internal Trade (DPIIT) about mandatory ownership disclosure rules
Key highlights of Modi govt's white paper: "UPA tenure marked by policy misadventures and scams"
The Narendra Modi government has presented a white paper in the Lok Sabha outlining "policy misadventures and scams" during the Congress-led UPA government's 10-year tenure and the efforts made by the NDA to address them. The Finance Ministry report claims that the UPA inherited a healthy economy but turned it non-performing, while the NDA government worked to correct economic mismanagement, financial indiscipline, and corruption.
Next spectrum auction to be significantly smaller than last one, moving fast on it: Ashwini Vaishnaw
Communications Minister Ashwini Vaishnaw announced that the next spectrum auction will be a limited auction, smaller than the previous round. This is because a large part of the required spectrum was already auctioned last year. The government is working on a proposal to auction smaller chunks of spectrum that were left out. Telcos have sufficient spectrum from past auctions, so the demand will mainly be for renewing radiowaves in select circles. The minister also discussed the allocation for the PLI 2.0 scheme for IT hardware.
Budget 2024: Space industry seeks liberal FDI policy, PLI scheme in Union Budget
Interim Budget: India's space sector seeks liberal FDI policy, production-linked incentive, and GST exemption. They also want lower tax rates, reduced withholding tax, and a comprehensive regulatory framework. The industry body, ISpA, demands PLI for space manufacturing and components. They urge the government to procure and adopt space tech solutions and provide reasonable spectrum usage charges. Satellite operators should have depreciation and capital subsidy for infrastructure investments. IN-SPACe projects the space economy to reach USD 44 billion by 2033.
Chairman's post at Trai may finally get filled
Senior officials have told ET that the top position at Trai will be filled soon with cabinet secretary Rajiv Gauba interviewing four potential candidates on Saturday. The government had earlier invited applications for the position on June 22.
2G spectrum scandal: Delhi Court to soon conclude hearing against A Raja, others
The Delhi High Court, hearing the appeals on a day-to-day basis, is likely to conclude the hearing of all the parties involved within a month, said people in the know. The counsel for the CBI has already presented its arguments and filed documents/compilations. On the other hand, Raja's defence counsel has countered the agencies' case while concluding his arguments.
India's space industry seeks bold reforms, clarity on FDI
India's private space industry is seeking transformative reforms to boost its growth. The industry is embracing the government's decision to allocate satellite-based spectrum, enabling space-based broadband internet access in remote areas. Industry bodies, the Indian Space Association (ISpA) and Satcom Industry Association (SIA-India), have requested the government to bring the Space Activity Bill for Parliament approval to cover various factors of India's space goals.
Allow non-auction spectrum allocation in certain situations: Centre's plea in Supreme Court
Meanwhile, the government, in the Telecommunications Bill 2023 tabled in Parliament on Monday, said administrative assignment of spectrum without auctions could be undertaken for services such as radio backhaul, in-flight and maritime connectivity, satellite services including global mobile personal communication by satellite services (GMPCS) licences, among others.
ETMarkets Fund Manager Talk: We expect low double-digit market returns in rupee terms in 2024: WhiteOak Capital
"Globally, we are in an environment characterised by unfavourable inflation dynamics, a slowing Chinese economy, persistently high geo-political risks, and higher climate costs. In contrast, India’s macroeconomic conditions are relatively healthier and are supportive of a broad-based recovery in corporate earnings. While flows from global institutional investors are subject to many conditions which are impossible to predict, the fundamental case for investing in India remains as compelling as ever."
Global investors moving into India for first time; India to outperform China for fourth straight year: Jonathan Garner, Morgan Stanley
“Corporate return on equity in China has been falling relative to India and other emerging markets for some time. We would not recommend a contrarian shift back towards China; we would stay overweight India and we think India will outperform China for a fourth straight year next year which is unprecedented.”
Airtel calls for spectrum swapping policy
Bharti Airtel, India's second largest telecom company, has requested a more flexible spectrum allocation policy from the Department of Telecommunications (DoT). The company suggests allowing mobile operators to swap airwaves in different bands with those available from the government, based on business requirements. Currently, telcos can only sell airwaves within the same band to peers through trading.
Satcom spectrum allocation via auctions hangs in the balance
Officials aware of the details told ET that the Department of Telecommunications (DoT) has added global mobile personal communication by satellite services (GMPCS) in the schedule 1 of telecom bill, wherein spectrum may be administratively allocated for use of government functions or purposes of public interest.
Jio submits another legal opinion on satellite spectrum backing auction
Stressing its point of view to auction satellite spectrum, Reliance Jio has submitted to authorities, including regulator Trai, another legal opinion from a former Supreme Court judge who has opined that while there is no mandate, constitutional or otherwise, that natural resource allocation must be only by auction, it is certainly “a more preferable method”.
Auction vs Allocation: War escalates between companies over satcom spectrum
The battle lines are clear--satellite companies plus telco Bharti Airtel champion allocation; phone companies Reliance Jio and Vodafone Idea demand auctions. It’s down to the telecom regulator to take a call, based on which DoT has to decide which way India will go, reports Kalyan Parbat
Auction not best method to allocate satellite spectrum: Mukul Rohatgi
Broadband India Forum (BIF) had sought Rohatgi’s views on whether the law requires that the only way to allocate satellite spectrum is auction. He replied, “No.” BIF also asked whether allocation of satellite spectrum for space-based communication services through a non-auction, administrative route, be permissible in law. Rohatgi said, “Yes.” ET has seen a copy of the 18-page legal opinion.
War over satcom spectrum allotment escalates
They said that trying to shoehorn the satellite service model into the “same service same rule” narrative is not only misguided but even risks stifling the enormous potential that satellite services hold for achieving digital inclusivity in India.
73 pc respondents on Trai's consultation paper seek satcom spectrum allocation without auction: ISpA
About three-fourth respondents including Starlink, Amazon, OneWeb have advocated for allocation of satellite communication spectrum through an administrative process and not through auction, according to space sector industry body ISpA. However, Bharti Airtel has backed the demand of satellite companies to allocate spectrum through administrative processes.
Industry has divergent views on space spectrum auction; need to find a balanced approach: IN-SPACe chairman Pawan Goenka
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) boss told ET the terrestrial (telecom) sector held a divergent view and that he had already spoken to the Department of Telecommunications (DoT) secretary and the Trai chairman on the need to take a balanced view and create “a win-win situation” for both sides.
Satcom companies ask In-SPACe to look into spectrum allocation mode
Satcom Industry Association of India (SIA India) has requested the Indian space industry regulator, IN-SPACe, to examine the Telecom Regulatory Authority of India's discussion paper on the spectrum allocation mode for space services, claiming that it seems to be an attempt to compel the auction of satellite spectrum, which goes against international standards. SIA India has asked IN-SPACe to intervene as it could disrupt the satellite sector's momentum.
IN-SPACe role clarity to help speed up key clearances, but spectrum allotment mode crucial: Satcom industry
The allocation mode of satcom airwaves has been a contentious one with satellite players, including Bharti-backed OneWeb and US-based Hughes, categorically saying satellite spectrum must be given administratively as has been the global practice. Reliance Jio and Vodafone Idea are opposing this.
New spectrum allocation plan will facilitate ease of business, attract investment: Ashwini Vaishnaw
The NFAP-2022, released by the government on Wednesday, is a central policy roadmap that defines future spectrum usage by all bodies in the country, including DoT, the Department of Space (DoS), defence, and I&B ministries, among others.
Trai starts talks with stakeholders over satellite spectrum allocation
Promoting a self-sufficient space sector has been a priority of the government and the much awaited spacecom policy is likely soon. So far, satellite spectrum, as in the KU/KA bands, is given administratively but there has been growing demand from telecom companies-primarily Reliance Jio and Vodafone Idea-that allocation of spectrum should be through auctions only.
Trai set to discuss satellite spectrum allocation soon
Ku band is administratively allocated by DoT, but there has been growing demand from telecom companies - primarily Reliance Jio and Vodafone Idea - that allocation of spectrum should be through auctions only.
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