Inder's Internet Blog: Delhi

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Tuesday, January 31, 2012

Budget 2012: Defence forces to get Rs 5,000 cr for vacating wireless spectrum

NEW DELHI: The government is likely to sanction 5,000 crore to the defence forces for an exclusive secure optical fibre network in the upcoming Budget, a move that will free up for commercial use about 45 Mhz of wireless spectrum that the forces currently use.

"The proposal is likely to be cleared soon and will be announced in the budget. It will not only help defence beef up its system but also give the government a revenue source," a government official told ET.

According to estimates of the Department of Telecommunications (DoT), auctioning just 50% of the airwaves that the defence ministry will vacate can bring at least 85,850 crore to the exchequer. Such a move will also help ease the strain of fiscal consolidation measures on government resources over the next two years.

The financial proposal, floated by state-run Bharat Sanchar Nigam Ltd (BSNL) in September, has the approval of an inter-ministerial group (IMG) and the ministries of defence and finance. A nod from the Telecom Commission, though, is still pending.

"The IMG has given its clearance and the Telecom Commission is also going to meet in a few days to clear it. The commission had earlier recommended it but there were some problems. Now it will be cleared," the official said.

The sanctioned funds will primarily go to BSNL, which is entrusted with the job of laying the network. The state-run telecom firm has already started work on the network that will be used by the army.

With the allocation, the overall cost of the project will rise to 13,098 crore, of which the cabinet has already approved 8,098 crore.

Auction of broadband wireless spectrum in 2010 had brought in 38,543 crore ($8.25 billion) for the government, which was twice the amount predicted by analysts. The 3G and broadband spectrums jointly fetched 1,06,000 crore, against the 35,000 crore estimated by analysts. This helped the government reduce its fiscal deficit to 5.1% from an earlier estimate of 5.5% for the 2010-11 fiscal.

According to the fiscal deficit trajectory recommended by the 13th Finance Commission, the government has to bring its fiscal deficit down to 3% by 2013-14.

Article Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/budget-2012-defence-forces-to-get-rs-5000-cr-for-vacating-wireless-spectrum/articleshow/11706747.cms

Monday, January 2, 2012

Export growth at 2-yr low in Nov

NEW DELHI: The country's exports rose at their slowest pace in nearly two years in November as the slowdown in the key markets of the United States and Europe hurt demand, data showed on Monday.

Data released by the commerce and industry showed exports grew 3.87% to $22.3 billion in November, 2011, compared to $21.49 billion in the same year-ago month, while imports were up 24.5% at $35.92 billion. In November, 2010, imports aggregated $28.84 billion.

In December, the commerce ministry said it had overestimated exports by over $9 billion due to software upgrade and punching errors that prompted a revision of data revision for the previous eight months. The government had said that data on engineering exports was inflated by around $15 billion, while export of gems and jewellery and petroleum products was underestimated by $12 billion.

Officials say exports for the current fiscal would be around $280 billion, a shade below the $300 billion target for 2011-12 due to global economic slowdown.

Exporters said they were hopeful of meeting the target, but the situation in Europe remained a key concern.

"Exports for the full year will be around $280 to $300 billion. The third and fourth quarter will be difficult. But the trade deficit will be a worry. It will widen to $160-$175 billion," said Ramu Deora, president of Federation of Indian Export Organizations.

He said shipments to the US had shown some improvement but the eurozone was a worry. Deora said easing interest rates would help exporters, had input costs had gone up. He said exporters had diversified to markets in ASEAN, Africa, South and Central America to beat the slowdown in the US and Europe.

Between April-November exports grew 33.2% to $192.7 billion while imports also rose 30.2% to $ 309.53 billion. The trade deficit during the eight months of the fiscal year stood at $116.8 billion.

Oil imports grew 32.28% to $10.3 billion in November, while non-oil imports rose 21.69% to $25.6 billion. Between April and November oil imports stood at $94.1billion, an increase of 42.67% compared to $65.97 billion in the same year-ago period. Non-oil imports, a key gauge of economic activity, rose 25.46% to $ 215.41 billion during the April-November period.

Article Source: http://timesofindia.indiatimes.com/business/india-business/Export-growth-at-2-yr-low-in-Nov/articleshow/11346023.cms

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Tuesday, December 27, 2011

ET review: HTC Rhyme

NEW DELHI: Rhyme is the latest addition to HTC's portfolio and it comes with a 'Charm' of its own. Well, the charm is an accessory included in the box. It's a small cube that lights up to indicate an incoming call or SMS. It connects to the phone's 3.5mm audio jack - which obviously means that you can either use the charm or listen to music (even the loudspeaker switches off since the phone thinks a headset is plugged in).

It could be useful in meetings and maybe in the movie theatre where you can keep the ringer off and have the charm notify you of calls and messages. Honestly, we think it will just end up gathering dust after the first few days of use. Like most other HTC devices, the Rhyme has a great build quality.

At first glance, you can see that it is heavily inspired by the HTC Radar's design. The area around the display is all-metal and it stretches to one third of the back as well. The rest of the phone is plastic -including the back-cover. The battery is not user replaceable - which may irritate some users. Another annoyance is the tight pull-out cover for the microUSB port.

The 3.7-inch S-LCD display on the phone is impressive - sharp details with good sunlight legibility, but it really can't compete with an amoled display (Samsung offers the Omnia W Windows phone with same size super amoled display for Rs 20,900). The phone in itself is a standard affair.

It has a 1Ghz processor with 768MB RAM and 1GB internal storage (expandable via microSD card). Other features are what you would expect - 3G, Wi-Fi with hotspot, Bluetooth 3.0, GPS and FM.

The 5MP rear camera is a good performer with excellent images in daylight. The backlight HDR mode is a welcome addition and provided for images with well-balanced colors and sharp details.

Video recording is limited to 720p HD and again the output quality is excellent (though the lack of TV-out was disappointing, especially at this price).

What is irritating is that you need to insert a microSD card for the camera to save images, it does not save them on the internal storage. HTC reworked the 'Sense' interface, making it much more stable than what we saw on the flagship HTC Sensation.

The main menu is now divided into three segments for quick access - all apps, frequent and downloaded. There are just two icons at the home screen - one to access the app menu and the other to launch the call log - simple and convenient. Another strength of the phone is battery life.

With a full charge; data, calls, SMS and various apps running, the phone easily managed to work for a day and a half. HTC has priced the phone at Rs 29,990, which just seems stupid. If you are looking to spend a similar amount, get the Samsung Galaxy SII, which has a larger and better display, better hardware (1.2Ghz dual core, 1GB RAM & 16GB storage), better camera and similar battery life.

Specifications: 3.7-inch S-LCD display, 1Ghz processor, 768MB RAM, 1GB Storage + microSD slot, HTC Sense 3.5 5MP rear/VGA front camera, 3G, Wi-Fi with hotspot, Bluetooth, Android 2.3, 1600mAh, 130g

Price: Rs 29,990

Plus: Excellent build quality, battery life, great camera, sound output

Minus : Expensive, requires microSD card to use camera, no TV out, rigid microUSB port

Article Source: http://economictimes.indiatimes.com/tech/hardware/et-review-htc-rhyme/articleshow/11274441.cms

Inder's Internet Blog

Tuesday, January 31, 2012

Budget 2012: Defence forces to get Rs 5,000 cr for vacating wireless spectrum

Monday, January 2, 2012

Export growth at 2-yr low in Nov

Tuesday, December 27, 2011

ET review: HTC Rhyme

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