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Telecom regulator says no refund for cancelled licences
Dinesh Thakkar, chairman and managing director at Angel Broking says that more than liquidity, inflation is matter of concern for the markets.
27 Mar 2012, 08:41 AM IST 
Sony CEO Kazuo Hirai, left, listens to former-CEO Howard Stringer | Source: AP
The Telecom Regulatory Authority of India (TRAI) plans to recommend that carriers be denied a refund of their licence fees if they lose or surrender permits, in a further blow to companies whose licences are set to be revoked after a court order.
