iWorld
New telecom policy may go to Cabinet in 2 weeks: DoT’s Sundararajan
NEW DELHI: The new telecom policy — branded as the National Digital Communications Policy (http://www.indiantelevision.com/iworld/telecom/comment-indias-ntp-2018-gets-digital-makeover-but-needs-complimentary-policies-180508) — is expected to be placed before the Indian Cabinet for approval in two weeks, a top official said on Tuesday.
“It is likely to be placed in two weeks,” Telecom secretary Aruna Sundararajan was quoted by news agency Press Trust of India (PTI) on the sidelines of an event.
The government has recently issued the National Digital Communications Policy (NDCP), which once approved will set the road map for attracting investment of around $ 100 million in the sector and create four million new job opportunities over a period of time.
Promising rationalisation of levies such as spectrum charges to rejuvenate debt-ridden telecom sector, the proposed new telecom policy seeks to provide broadband access to all with 50 mbps speed and 5G services too amongst a host of other benefits by 2022.
It proposes to adopt “Optimal Pricing of Spectrum” to ensure sustainable and affordable access to digital communications. High spectrum price and related charges have been the main concern of telecom services segment, which is reeling under a debt of around Rs 7.8 lakh crore.
Sundararajan said that the Department of Telecom has completed inter-ministerial consultation on the new policy and is now working on some of the processes required to be fulfilled before the draft is submitted to cabinet for the approval. Earlier, the Telecom Commission(http://www.indiantelevision.com/iworld/telecom/ndcp-2018-net-neutrality-rules-cleared-by-telecom-commission-180712) had cleared draft policies related to the NDCP and net neutrality
iWorld
Pocketful appoints Prateek Singh as CEO to drive next growth phase
Ex-Bajaj Broking executive to scale digital investing platform in India
MUMBAI: Pocketful has appointed Prateek Singh as its chief executive officer, marking a key leadership move as the company looks to scale its presence in India’s fast-evolving investment market.
Backed by the three-decade legacy of Pace Group, Pocketful is positioning the appointment as a strategic step to accelerate growth and strengthen its foothold among retail investors.
Singh brings over 13 years of experience in building digital financial platforms, with expertise spanning customer acquisition, product development and business expansion. He joins from Bajaj Broking, where he served as chief growth officer and played a key role in enhancing the company’s digital capabilities and platform experience.
Commenting on the appointment, Pocketful co-founder Sarvam Goel said, “Prateek’s appointment represents an essential milestone for Pocketful as we expand our operations and strengthen our position in the Indian investment market.” He added that Singh’s experience aligns closely with the company’s vision of building a user-focused, technology-driven platform.
For his part, Singh said, “I am truly excited to join Pocketful at such a pivotal stage of its growth journey,” highlighting the rising retail participation and shift towards digital investing in India. He added that the focus will be on simplifying the investing experience and enabling more informed participation in capital markets.
Pocketful offers zero brokerage on equity delivery trades, along with no account opening charges and lifetime zero annual maintenance fees, positioning itself as an accessible platform for new-age investors. It also caters to active traders with advanced tools and features such as margin trading and its in-house intelligence layer, Pocketful GPT, designed to assist with trade ideas and portfolio analysis.
The company has recently expanded into mutual funds, signalling its ambition to evolve into a full-stack investment platform. With Singh at the helm, Pocketful is looking to ride the wave of India’s growing retail investor base and sharpen its competitive edge in the crowded brokerage space.
