Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 3.8
Article rating: No rating
Article rating: 2.0
Article rating: 1.5
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 1.0
Article rating: No rating
Article rating: No rating
RSS

News

Telecom inter-ministerial group likely to finalise report by Aug 27

Author: IANS/Tuesday, August 22, 2017/Categories: Telecom

Telecom inter-ministerial group likely to finalise report by Aug 27

New Delhi, Aug 22 - The inter-ministerial group (IMG) set up to examine the issues affecting the health of the Indian telecom sector is expected to submit its report on recommendations by August 27, sources said.

According to sources, Communications Minister Manoj Sinha told Parliament on August 7 that the report will be out in 20 days, so it is expected to be ready by August 27.

The task of the inter-ministerial group is to examine systemic issues affecting viability and repayment capacity of the telecom sector and furnish recommendations for resolution of stressed assets.

The group, comprising officials from the finance and telecom ministries, was set up after top banks expressed concern about financial stress in the industry.

The panel met for almost two hours on August 22. According to sources, drafting of the report has started. Once it is completed, it will be presented in front of the Telecom Commission when it meets next on September 1.

Sources confirmed that there is consensus among the IMG group members broadly on all issues. "There will be relief for the telecom operators," they added.

The two broad decisions on which there is consensus are deferred payment for spectrum fees and shifting to prime lending rate (PLR) to marginal cost of funds-based lending rate (MCLR) regime for interest payments.

At present, after acquiring spectrum through auctions, companies pay certain amount to the government upfront and the rest is paid in 10 instalments after a two-year moratorium. The operators have requested to extend the period. It is expected that the period will be extended to 16 years.

The next meeting of the inter-ministerial group has not yet been finalised.

Print Rate this article:
No rating

Number of views (299)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free