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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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Select mining, metal stocks up on coal blocks auction draft rules
Photo: The Hindu Business Line
Reuters  November 20, 2014: Select mining and metal stocks gain after government released e-auction rules.

The coal ministry on Wednesday unveiled draft rules for auction of 204 coal blocks cancelled by the Supreme Court earlier - PIB website.

Hindalco Industries gains 0.65 pct while Sarda Energy and Minerals surges 3.4 pct.

Timeframe provided in the draft rules for auction is positive - dealers

Details on pricing, compensation still awaited, dealers add.

Reporting by Abhishek Vishnoi

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