Telecom Reforms News

The 30-share index settled 476.11 points or 0.82 per cent higher at 58,723.20. The Cabinet also approved a revised Rs 25,938 crore production-linked incentive (PLI) scheme. The Union Cabinet on Wednesday approved a big-bang relief package for the stressed telecom sector.

Modi govt has announced big bang reforms for the telecom sector 100 per cent FDI in telecom via the automatic route Easing the cash flow issues being faced by some big players in the industry. A four-year moratorium to pay government dues but with interest

The minister said that 100 per cent FDI (Foreign Direct Investment) in telecom via the automatic route was approved by the Cabinet. Among the measures approved were a four-year moratorium on unpaid dues, AGR and spectrum dues. These measures are expected to ease the cash flow issues being faced by some players in the industry.

Vaishnaw said that all non-telecom revenue will be taken out of AGR. The union minister said that these reforms will change the framework of the entire telecom sector.