fbpx

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 ...

UDAY Scheme Helped Discoms Slash Losses by 70%
UDAY Scheme Helped Discoms Slash Losses by 70%

June 22, 2018

Kerala to Start Registrations for NRI Chit Scheme
Kerala to Start Registrations for NRI Chit Scheme

June 22, 2018

Government to Build Largest National Data Centre in Bhopal
Government to Build Largest National Data Centre in Bhopal

June 22, 2018

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