The Centre on September 15 approved the much-awaited relief package for the stressed telecom sector that includes a four-year moratorium on payment of dues by telecom companies and allowing 100 per cent foreign direct investment (FDI) under the automatic route. Announcing the decisions cleared at a Union Cabinet meeting chaired by Prime Minister Narendra Modi, Information Technology and Communication Minister Ashwini Vaishnaw said, “The reforms are deep and broad… structural… will bring in change today, tomorrow and in the future. I do not like to put a number on the package as it is revenue-neutral for the government.” He went on to add that the moratorium would not impact the government’s revenue. Incidentally, the government announced the package six weeks after Kumar Mangalam Birla resigned from the post of chairman of Vodafone Idea Limited, which was created following the merger of British telecom giant Vodafone’s India unit and Birla’s Idea Cellular Ltd.
India
China wants ‘consensus’ on its terms with India
New Delhi (TIP)– For all the Chinese talk about Prime Minister Narendra Modi reaching a “consensus” with President Xi Jinping at the G20 Bali summit dinner on stabilizing relations, the issuance of stapled visas to […]
Indian Americans
Indian American political scientist Vipin Narang takes up key Pentagon job
NEW YORK (TIP):Vipin Narang, an Indian American political scientist at the Massachusetts Institute of Technology (MIT), known for his research on nuclear weapons, conflict and proliferation has taken a key job at the Pentagon. Son […]
World
UK to scrap ‘outdated’ landing cards for Indians, others
LONDON (TIP): Non-EU visitors including Indians arriving in the UK will soon be no longer required to fill the “outdated” landing cards as part of the ongoing digital transformation of border controls, the Home Office has said. Landing cards are filled […]
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