GoM nod for unified telecom licence regime
New Delhi: The group of ministers (GoM) on telecom has, 'in principle', agreed to proceed with unified licensing. In its meeting on 25 September, a consensus was reached and it was decided that the modalities of introducing the unified licence regime will be worked out at the next meeting in the first week of October.

Reportedly, the Telecom Regulatory Authority of India (TRAI) will make a presentation to the GoM on the issue, based on which a roadmap will be formalised. TRAI has been working on devising a new licence framework through a consultation process with stakeholders. Government sources were quoted as saying that the ministers agreed to pursue unified licensing to take the Indian telecom sector from a state of "confusion to clarity" without any prejudice to benefit any one section of the industry.
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FMCG sector benefit as monsoon, GDP cheer up
Mumbai: A good monsoon and a high rate of gross domestic product (GDP) have brought cheers to the ailing fast-moving consumer goods (FMCG) sector. With the economic growth indicators appearing to be cheery, the FMCG sector may post a growth rate of 5-10 per cent for the next six months ending 31 March 2004.

The growth in this sector had slowed down in the last three years on account of a drought-like situation and a general slowdown in the economy, reports say.
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Govt to borrow Rs 35,000 crore less
Mumbai: The auction calendar of the Reserve Bank of India (RBI) for the second half of the current fiscal reveals that the central government will borrow almost Rs 35,000 crore less of its gross borrowing number of Rs 1,66,000 crore for 2003-04. With this the government securities (G-Secs) market is all set for a huge rally.

According to the RBI calender, the centre proposes to mop up Rs 25,000 crore through issuances of dated stock. And if one adds the Rs 13,000-crore through 364-day treasury-bills (364-day T-Bills), the amount will come to Rs 38,000 crore.
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