Relief package for the Telecom Sector | Ashwini Vaishnaw, Telecom Minister

In a much-needed relief for the cash-strapped telecom sector , the Union Cabinet approved a 4 year moratorium period on dues and rationalised the definition of adjusted gross revenue (AGR). The announcement comes as a big relief to companies like…

Relief package for the Telecom Sector | Ashwini Vaishnaw, Telecom Minister

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In a much-needed relief for the cash-strapped telecom sector , the Union Cabinet approved a 4 year moratorium period on dues and rationalised the definition of adjusted gross revenue (AGR). The announcement comes as a big relief to companies like Vodafone Idea that were severely stressed. ET Now’s Ruchi Bhatia caught up exclusively with the Telecom Minister Ashwini Vaishnav. Vaishnav remains hopeful that today’s announcements will ease the pain in telecom sector and will lead to improvement in the health of telcos. Watch.
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