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Relief package for Telcos likely
Why is it in the news?
- The government has constituted a committee of secretaries to explore a financial bailout package for the telecom sector.
- The committee will look at ways of creating a favourable investment environment for the sector.
More in the news
- The committee will look at reducing payments such as spectrum usage charges and the universal service obligation fund levy paid by telcos.
- It is to ensure that the financial health of the telecom sector remains robust and viability is sustained.
- In parallel, sector regulator TRAI is expected to examine prescribing minimum charge for voice and data services.
- The decision to set up a new panel comes a week after the Supreme Court order that made telcos to pay ₹92,000 crore.
Source
The Hindu.