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Cabinet approves two-year moratorium on spectrum payments for telcos

The move was approved by the Union Cabinet headed by Prime Minister Narendra Modi.

Published: 20th November 2019 10:22 PM  |   Last Updated: 20th November 2019 10:22 PM   |  A+A-

The move was approved by the Union Cabinet headed by Prime Minister Narendra Modi.

Finance minister Nirmala Sitharaman during a press meet in New Delhi. (Photo |PTI)

By PTI

NEW DELHI: Providing relief to telecom companies, the Union Cabinet on Wednesday approved a moratorium of two years for spectrum payments, sources said.

The move to defer payments for 2020-21 and 2021-22 will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio, they said.

The move was approved by the Union Cabinet headed by Prime Minister Narendra Modi.



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  • RAJARAMAN

    Will such relief was ever thought for common citizens and formers who struggles for existence. Could BJP continue in power for a day by contesting once again. Did democracy not taught you equality as first principal.
    1 year ago reply
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