India has more mobiles than landlines: subscriber base crosses 44 m
New Delhi: The mobile subscribers' base in India is higher than that of fixed-line numbers. There were 44.5 million mobile users in India as against 43.9 fixed line users as of October 2004 - in less than nine years of the introduction of cellular mobile services in the country.

GSM operators continued to maintain dominance in the mobile market accounting for 78 per cent of India's total mobile subscribers and nearly 80 per cent of the subscriber additions in October 2004.

Currently, CDMA-based mobile operators account for 9.1 million subscribers.

According to the Telecom Regulatory Authority of India (TRAI), the teledensity of the country has gone up to 8.24.
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Pension sector could be allowed 100 percent FDI
New Delhi: The government wants to allow up to 100 per cent foreign direct investment (FDI) in the pension sector, which is expected to have a regulator with a "limited" number of fund managers soon, a top finance ministry official said today.

The finance ministry has finalised a bill for setting up the Pension Fund Regulatory & Development Authority and the Cabinet would take it up soon, he said. He added that the minimum capital requirements and the number of pension fund managers, would be decided by the regulator, though one fund manager would be from the public sector.
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