Insta
Union Cabinet Likely To Take Up Proposed Relief Package For Telecom Sector Today
Swarajya Staff
Sep 08, 2021, 09:27 AM | Updated 09:27 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In what could come as a big breather for the stressed and cash-strapped telecom player Vodafone Idea (Vi), the Union Cabinet headed by Prime Minister (PM) Narendra Modi is likely to take up the Department of Telecommunications (DoT)’s proposal of offering a relief package to the telecom industry today (8 September), reports Financial Express.
It should be noted though that even though Vi has been at the forefront to ask for Government support, the package is unlikely to be a tailor-made solution to address its concerns. The package will be for the entire industry.
It should meanwhile be noted that even though the exact components of the proposed relief package is not known as of yet, the likelihood is that it would comprise of reduction in licence fees, spectrum usage charges, clearer definition of adjusted gross revenue and extension of the moratorium on deferred spectrum instalment by another two years.
Liberalisation of foreign direct investment norms from a security angle and doing away with the need of furnishing bank guarantees may also be on the cards.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.