The telecom department is likely to appoint at least 4-5 auditors this month to conduct the planned special audit of private telecom companies for period FY12 to FY18, according to a source.
The bids are expected to be submitted by December 18 by interested auditors that are empanelled under Comptroller and Auditor General of India, and the appointment is likely to take place by the month-end, said an official familiar with the entire process.
On Thursday, Chinese smartphone maker Vivo announced an additional investment of Rs 4,000 crore for over a period of four years towards opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion.
The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo''s manufacturing capabilities and support its continued growth in the country, the company said in a statement.
BlogB K Syngal, Former CMD, VSNL
The telecom regulatory authority of India or TRAI has started the exercise of reviewing interconnection usage charge (IUC). There is always a dispute between incumbent and new operators on interconnection charges. Incumbent operators want high IUC as they have been around for a longer time and, thus, have more number of subscribers, while new operators want low IUC.
Bharat Sanchar Nigam Ltd (BSNL) and Extramarks Education India Pvt. Ltd. (Extramarks), India’s leading digital education company, on Tuesday joined hands to provide high quality education throughout the country. The two companies will offer Extramarks’ internationally acclaimed education content and scientifically developed learning tools through BSNL’s state-of-the-art telecom network.