Union Cabinet okays reforms in telecom sector to boost employment, growth
These schemes are expected to protect and generate employment opportunities, promote healthy competition, protect the interests of consumers, infuse liquidity, encourage investment and reduce the regulatory burden on telecom service providers (TSPs).
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According to the Union Cabinet, in the backdrop of the outstanding performance of the telecom sector in meeting Covid 19 challenges, with the huge surge in data consumption, online education, work from home, interpersonal connect through social media, virtual meetings etc., the reform measures will further boost the proliferation and penetration of broadband and telecom connectivity.
"The Cabinet decision reinforces PM Narendra Modi's vision of a robust telecom sector. The package is also expected to boost 4G proliferation, infuse liquidity and create an enabling environment for investment in 5G networks," read an official release.
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The structural reforms and procedural reforms plus relief measures for the telecom service providers introduced by the Union Cabinet are as follows.
