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Sbi: The former Resolution Professional of Aircel entities has requested the Supreme Court's permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

The former Resolution Professional of Aircel entities has requested the Supreme Court's permission to sell the right to use spectrum on an interim basis in order to prevent a decline in its value. The professional stated that the limited term of the spectrum would result in a deterioration of its commercial use. The proposed sale would involve keeping the proceeds in an interest-bearing escrow account.

Richest Monk In The World: Ven Ajahn Siripanyo made the decision to forego his father Ananda Krishnan's wealth and pursue a life of enlightenment as a monk. Krishnan has grown to be one of Malaysia's wealthiest people because of his father's wealth and numerous businesses.

Ajahn Siripanyo, the son of billionaire Ananda Krishnan, chose to abandon his inheritance and become a Buddhist monk in pursuit of spirituality. Krishnan, a prominent figure in the telecommunications industry, also has diverse business ventures such as oil and gas, satellites, media, and real estate.

The draft Telecom Bill proposes provisions that will enable the government to regain control of idle airwaves of insolvent telecom operators.