India delays new telecom investment rules

India reportedly will delay the implementation of new limits on foreign investment in the nation's telecommunications sector.

A report in Friday's Business Standard said the government had agreed to an extension of the March 3 deadline for companies to comply with the new rules on residency for key executive positions.

India had been prepared to raise the limits of foreign direct investment to 74 percent with conditions that included ensuring that top-level jobs would be held by resident Indians.

The Standard said that a Thursday closed-door meeting with Prime Minister T.K.A. Nair and several Cabinet secretaries resulted in an indefinite delay so that possible amendments to the FDI rules could be considered.

Copyright 2006 by United Press International

Related stories:

Linux Kernel Reaps the Fruits of Real-Time Technology
More than half of the 1.2 million lines of code for the real-time kernel technology have been moved into the mainline Linux kernel over the past year.
Bill tackles so-called new piracy frontier
A new House bill seeks to further protect the music industry from piracy by limiting the ability to record digital radio broadcasts, singling out satellite radio industry competitors XM Radio and Sirius.
Sanctions won't stop China violating IP
Imposing trade sanctions is no solution to getting China to comply with intellectual-property rules. Rather, by encouraging Chinese companies to tie up with U.S. rivals on the one hand and getting them to produce goods that require patent protection themselves will be the best way to get the Chinese authorities to abide by international regulations.
Financial risk-taking behavior is associated with higher testosterone levels
Higher levels of testosterone are correlated with financial risk-taking behavior, according to a new study in which men's testosterone levels were assessed before participation in an investment game. The findings help to shed light on the evolutionary function and biological origins of risk taking.
Economist's Model Forecasted Current Economic Slowdown One Year In Advance
(PhysOrg.com) -- An economist at Rensselaer Polytechnic Institute says that a model he developed forecasted the current economic slowdown at least one year before it became apparent to most observers. The model, which was first published in the Journal of Finance in June 1991, has successfully predicted every recession since 1955.
New nanoscale process will help computers run faster and more efficiently
(PhysOrg.com) -- Smaller. Faster. More efficient. These are the qualities that drive science and industry to create new nanoscale structures that will help to speed up computers.
What energy upgrades would you make for $250?
It's a double whammy: Home energy costs are rising just when most of us can least afford it.
Science unveils hidden drivers of stock bubbles and crashes
Many economists believe that investors make decisions rationally, weighing up corporate data and other pricing signals to evaluate gain or risk before buying or selling stocks.

News discussion:

Technology news