Financial Brief : SC allows CAG audit of private telecoms

SC allows CAG audit of private telecoms

The Supreme Court on Thursday ordered that the Comptroller and Auditor General (CAG) could audit the accounts of private telecom companies, which share their revenues with the government for utilizing spectrum. The Court stated that such a scrutiny was crucial for making sure that the government got its “legitimate share” for allowing private telecom operators to use the valuable natural resource.

Though the Supreme Court’s present order is for the telecom sector, it is believed to also have an implication for other sectors like mining, power, ports roadways, and airports, in which private companies either share revenues with the government or partner it under the public-private partnership (PPP) model.

Subrata Roy to stay in Tihar as of now says SC

The Sahara group on Thursday proposed a new set of measures before the Supreme Court for the release of Sahara chief Subrata Roy from Tihar jail here. However, the judges said they had received the proposals late and they had no time to consider these on Thursday.

Rajeev Dhavan, senior counsel for the Sahara group companies, said according to the new proposal, Sahara would pay Rs 2,500 crore within three days and the remaining portion of Rs 10,000 crore in 60 days, either in cash or bank guarantees.

Sensex scores a triple century

The Bombay Stock Exchange benchmark index sensex recorded a 351 points rise on Thursday. The Sensex performance was aided by FII buyng and HCL Tech and TCS reporting robust earnings.

Prime ministerial candidate Narendra Modi, featuring in a special episode on Aap Ki Adalat on India TV, has managed to grab an all-time high market share in the Indian news television genre.

The episode was telecast on April 12. The two-hour show had some 74 per cent Hindi news television viewers watching at one point of time, according to TAM data.

The news channel was able to record the highest reach of almost 57 lakh viewers watching the original show during the first half-an-hour of telecast. The channel has since rerun the episode at different times.

As per TAM data, when the show was aired from 10 p.m. to midnight on Saturday, the television channel registered 65 per cent relative share, double that of the entire Hindi news genre put together.

Even on Youtube, the TV show with Modi has been a huge hit, and has clocked over 1.80 million views globally. Also trending was #modikiadalat at the number one slot on Twitter while the telecast was on.

 

Narendra Modi’s interview shatters T.V. viewership.

Prime ministerial candidate Narendra Modi, featuring in a special episode on Aap Ki Adalat on India TV, has managed to grab an all-time high market share in the Indian news television genre.

Narendra Modi.

Narendra Modi.

The episode was telecast on April 12. The two-hour show had some 74 per cent Hindi news television viewers watching at one point of time, according to TAM data.

The news channel was able to record the highest reach of almost 57 lakh viewers watching the original show during the first half-an-hour of telecast. The channel has since rerun the episode at different times.

As per TAM data, when the show was aired from 10 p.m. to midnight on Saturday, the television channel registered 65 per cent relative share, double that of the entire Hindi news genre put together.

Even on Youtube, the TV show with Modi has been a huge hit, and has clocked over 1.80 million views globally. Also trending was #modikiadalat at the number one slot on Twitter while the telecast was on.

103 year old who cast her vote in the first election in 1952 voted yesterday.

The 103-year-old Kashibai Babu Ture exercised her right to vote on Thursday at Bhavani Peth area in Pune. According to her family members, she has been voting from the first general elections in the country and is very curious about elections. They said, “When she came to know about the polls, she called one of us and asked to take her to polling booth even though she is suffering from health problems.”

Voting in progress (Image: www.indiatimes.com)

Voting in progress (Image: www.indiatimes.com)

Her relative Veerdas Chavhan said, “Even at this age she is very curious and enthusiastic about social issues and always takes part in social and cultural events. She has not missed
an election till now.”

 


Intellectual Bureau
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Intellectual Bureau

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