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.
Entertainment
HUNGER WARD – The Last Hope Between War and Starvation
“I believe that if we can generate empathy for others it becomes exceedingly difficult to create barriers. I call this approach ‘Humanitarian Cinema’ and focused my next two films on studying the global refugee and […]
Christianity
Easter: The celebration of the resurrection of Jesus
Easter, also called Pascha or Resurrection Sunday, is a Christian festival and cultural holiday commemorating the resurrection of Jesus from the dead, described in the New Testament as having occurred on the third day of […]
E-Edition
Be the first to comment