Towards Aatmanirbhar Bharat: Mega Boost for Auto, Drone, Telecom Sector | Key Points

towards aatmanirbhar bharat mega boost for auto drone telecom sector key points

Sumary of Towards Aatmanirbhar Bharat: Mega Boost for Auto, Drone, Telecom Sector | Key Points:

  • The Cabinet-approved relief package includes a provision that allows telecom companies to convert interest on their spectrum dues, which amount to a four-year moratorium, into government stock.
  • The plan could herald an end to telecom companies’ long-standing financial difficulties, as well as their inability to pay thousands of crores of rupees in spectrum fees to the government.
  • Main Points:• AGR definition has been rationalised to exclude non-telecom revenues prospectively• Cabinet approves moratorium of 4 years on telecom dues• 100% FDI in telecom to be allowed under automatic route• Spectrum user charges rationalised.
  • Spectrum can now be surrendered, spectrum can also be shared Spectrum auction calendar to be created.
  • Incentives worth Rs 26,058 crore will be provided to industry over five years, the minister told reporters after the Cabinet meeting.

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