NEWS UPADATE 26.09.11

2G Spectrum in India involved the issue of 1232 license by ruling congress led UPA alliance of 2G Spectrum of 85 companies including many new telecom companies with little or no experiences in the telecoms sector at the price set in the year of 2011.

The scam involved allegation regarding:-

1. under the pricing of 2G spectrum by departement of telecommunication which result incurred of heavy losses to exchequer.
2. the illegal manipulation of the spectrum allocation process to favour select companies.

The issue of 2G scam came into light after auction of airwaves for 3G services.

DELHI METRO GETS UN CERTIFICATION, EARNS RS 47 CR CARBON CREDITS.

Delhi metro has been certified by the united nation as the first metro rail based system in the world to get carbon credit for contributing to the fight against the climate change by the the help of reducing pollution level in the city by 6.3 lacs every year. The organization has also earned carbon credit worth Rs 47cr annually for next seven year.

SILVEXITY TO INVEST RS 1K CR IN LOW COST HOUSING IN 3-4 YEARS

Affordable housing developer silvexity group plans to invest around Rs 1,000 cr. over the next three four years on township project coming up in big metros like mumbai, delhi, & Banglore.

IDBI BANK RECEIVES CNBC TV18 SPECIAL JURY AWARD

The IDBI Bank was the recipient of the CNBC award in the large bank category. IDBI Bank managing director RM Malla received the special award from the CNBC TV18 for providing banking service as per the customer satisfaction.