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Telecom Minister meets Mittal, Ambani; assures corrective steps
Communications Minister Manoj Sinha on Thursday assured industry bigwigs Sunil Mittal and Anil Ambani as well as other telecom players that ‘corrective steps’ will be taken to ensure growth of the debt-ridden sector.
New Delhi: Communications Minister Manoj Sinha on Thursday assured industry bigwigs Sunil Mittal and Anil Ambani as well as other telecom players that ‘corrective steps’ will be taken to ensure growth of the debt-ridden sector.
Rupees 4.6 lakh crore debt-ridden sector seeks reduction of levies, GST
“The report (of the inter-ministerial group) will come soon, corrective steps will be taken by the government for ensuring orderly growth in this sector in terms of services to the common man,” Sinha said after a two-hour meeting with telecom honchos to discuss the financial difficulties being faced by the sector.
Citing Rs 4.6 lakh crore cumulative debt of the sector, the incumbents have made a case for urgent relief measures like extension on payment of deferred spectrum liability and cut in levies. The telecom operators have also been asking for reduction of levies like licence fee, spectrum usage charges and GST.
They have also sought an extension on deferred spectrum liabilities, meaning that the amount they bid for radiowaves should be payable over a longer period.
Telecom Regulatory Authority of India (Trai) too had met the telecom companies last week. Idea Cellular Managing Director Himanshu Kapania, Tata Sons Director Ishaat Hussain and Reliance Jio Infocomm Board Member Mahendra Nahata. Telecom Secretary Aruna Sundararajan was also present at the meeting.
