Back to News

Centre Approves Relief Package for Telecom Sector

March 08, 2018

The telecom sector which is currently stressed under a debt of Rs. 4.6 lakh crores, now finally has something to take comfort in. The union cabinet has approved a relief package which will grant more time to the operators to pay for the spectrum they bought in the auctions earlier. In addition to that, it has given relaxation to the holding limit for the spectrum as well.

The package was approved on the recommendations of the Inter-Ministerial Group (IMG) recently.

An official said that the measures are expected to bring relief and improve the cash flow for the telecom sector.

Tags:
Finance

Recommended for you ...

17 Out of 20 Fastest-Growing Cities to be In India Between 2019-2035, Says Report
17 Out of 20 Fastest-Growing Cities to be In India Between 2019-2035, Says Report

December 08, 2018

Agriculture Export Policy Aimed at Doubling Shipments Gets Green Signal from Cabinet
Agriculture Export Policy Aimed at Doubling Shipments Gets Green Signal from Cabinet

December 08, 2018

Healthcare, Wellness Sector Agreements Between India, Japan Get Nod from Cabinet
Healthcare, Wellness Sector Agreements Between India, Japan Get Nod from Cabinet

December 08, 2018

Get the latest update on programs, courses, news and events