India’s second-largest telecom carrier, helmed by billionaire Sunil Mittal, posted a 2.8% fall in net income to Rs 830 crores for the quarter ended 31 December 2021.
K Rajaraman, additional secretary in the Dept of Economic Affairs, was also appointed as Telecommunications Secretary during a top-level bureaucratic reshuffle Wednesday.
A true revival of the Indian telecom sector will require an optimistic view of the future, which is a difficult ask given the industry’s chequered past.
Union minister Ashwini Vaishnav said 9 structural reforms were approved in the sector, adding these measures are expected to ease the cash flow issues being faced by some people.
Lowering airwaves base price has been a longstanding industry demand. However, proceeds from 5G auction, likely next year, is an important revenue source that could help spur pandemic-hit economy.
No two bankruptcies are the same, but India’s processes for handling them have some common deficiencies. It’s still not too late to turn the bankruptcy regime into a real institution.
Spectrum will be offered for assignment for a validity period of 20 years. Reliance Jio, Bharti Airtel and Vodafone Idea submitted a total EMD of Rs 13,475 crore for the auctions.
Modi requested the telecom sector to ensure greater security at all levels against threats. Mukesh Ambani called for urgent policy changes to move from 2G to 5G.
It has also decided to enhance the fertiliser subsidy for farmers, and reduce import duty on some raw materials. ‘It is always people first for us!’ tweets prime minister.
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.