Govt Constitutes Panel to Suggest Reforms for Telecom Sector

Posted By: Religare
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Indian Government has said that it has constituted an inter-ministerial panel to suggest policy reforms for the telecom sector, which is reeling under severe financial stress.

    Govt Constitutes Panel to Suggest Reforms for Telecom Sector

    As per reports, the panel, comprising senior officials from the ministries of finance and telecom, will examine the systemic issues affecting viability and repayment capacity in the telecom sector and furnish recommendations for resolution of stressed assets at the earliest.

    Commenting on the issue, a senior official told the media, "The panel will also recommend policy reforms and strategic interventions for the telecom sector which has a staggering debt of Rs 4.6 lakh crore. The eight-member group is also authorised to invite nominees from the telecom sector and financial institutions and co-opt any other member, according to an office memorandum of the Department of Telecom (DoT)."

    As per reports, the group has been constituted at a time when the telecom sector - despite a burgeoning subscriber base - is facing severe financial pressure, compounded by the entry of aggressive Reliance Jio.

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more