TRAI relief for small cable operators recommends no net worth rule required

first_imgNew Delhi: Telecom regulator TRAI on Monday recommended to the Ministry of Information and Broadcasting that there is no need for fixing a minimum net worth for registration of multiple-system operators in cable TV service. The Cable Television Network Rules, 1994, prescribe the criteria for grant of registration to an multiple-system operators (MSO), which provides cable TV services to its subscribers. The I&B Ministry had written a letter to TRAI on May 16 last year, seeking recommendations from the telecom regulator on appropriate levels for fixation of entry level net worth of MSOs for operationalising cable TV digitisation across the country. Also Read – Thermal coal import may surpass 200 MT this fiscalIn order to deliberate on various aspects related to the matter and to seek inputs from the industry stakeholders on relevant issue, TRAI issued a detailed consultation paper on ‘Entry Level Net Worth for MSOs in Cable TV Services’ on April 9 this year, an official statement said. Subsequently, an open house discussion was held on June in Delhi to seek further views of the stakeholders on various issues, it said. TRAI finalised its recommendations based on the comments of the stakeholders received during the consultation process and its own analysis, the statement said. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostIt noted that the New Regulatory Framework provides an enabling environment for small and medium MSOs and up scaling of LCOs to MSO. “After careful consideration, authority has recommended that there is no necessity for fixation of a minimum entry-level net worth for MSO registration,” the statement said. At present, any individual, company, corporate firm or LLP that fulfils provisions of the cable TV rules may be granted MSO registration, it said.last_img read more

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WTO notes FTA with China will bring huge benefits to Sri Lanka

“The volume of duty free imports annually entering Sri Lanka will go up to 75% from the present 51% bringing significant advantages to the economy,” Acharya said.Secretary of the Ministry of Industry and Commerce K.D.N Ranjith Ashoka said that Sri Lanka is currently working towards the China and Singapore FTAs. The World Trade Organisation (WTO) on Tuesday noted that the proposed Free Trade Agreement (FTA) with China as well as one proposed with Singapore will bring huge benefits to Sri Lanka, the Asia Pacific Daily (APD) news reported.A visiting WTO official told delegates at a seminar in Colombo that no less than two thirds of annual imports to Sri Lanka will enter the country duty free when the FTAs with China and Singapore are wrapped up. Acharya and WTO Counsellor Ms Jo- Ann Crawford were attending the launch event of the National Seminar on WTO and Regional Trade Agreements organised by the Department of Commerce in Sri Lanka. “Assuming both China and Singapore FTAs are successfully formulated, and with zero duty rates, the total volume of duty free imports to Sri Lanka will be 75% of the country’s annual imports,” Chief of the Regional Trade Agreements (RTA) Division of the WTO Dr. Ms Rohini Acharya said. “The FTA work is proceeding with much care so that local stakeholders are protected. Sri Lanka’s hub positioning is a key. They call it Open Skies, but the open ocean routes are even more important for our trade development. For example, we handle 30% of Indian container trans-shipments.” (Colombo Gazette) read more

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