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TRAI gets record public submissions for net neutrality rules

New Delhi

The Telecom Regulatory Authority of India (TRAI) said it had received record submissions on a consultation paper for framing differential pricing rules that will decide the fate of Facebook Inc's free Internet in India.

The telecommunications regulator said it will finalise the new rules by end of January after a hearing process with stakeholders that will extend through the month.

India has become a battleground over the right to unrestricted Internet access, with local tech start-ups joining the frontline against Facebook founder Mark Zuckerberg and his plan to roll out free Internet to the country's masses.

TRAI has asked Facebook and its India telecom partner Reliance Communications Ltd to put on hold the launch of the Free Basics service till the final rules are in place.

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India to tighten rules for credit cooperatives to protect investors

Agencies
Published Jan 1, 2016, 12:00 AM IST
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New Delhi India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely regulated credit cooperative societies, a senior official in the agriculture ministry said. This follows a Reuters investigation that revealed an expansion in fund-raising by embattled conglomerate Sahara India Pariwar using four credit cooperatives in different parts of the country. Reuters spoke to dozens of savers who said Sahara had…

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