#Cabinet briefing by Union Ministers @AshwiniVaishnaw and @ianuragthakur, today
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@RailMinIndia @airnews_mumbai
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Union Ministers @AshwiniVaishnaw and @ianuragthakur briefing the media about today's #CabinetDecisions
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#Cabinet approves Production Linked Incentive (PLI) Schemes for Auto Industry, auto component industry, Drone Industry to enhance India's manufacturing capabilities
- Union Minister @ianuragthakur
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#CabinetDecisions
Provision of Rs. 26,058 Crore for PLI Schemes for Auto, Auto component Industry and Drone Industry; Rs. 25,929 Crore for Auto sector and Rs. 120 Crore for Drone Industry
- Union Minister @ianuragthakur
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#CabinetBriefing
Union Minister @AshwiniVaishnaw applauds the employees of Telecom Sector including linemen, technicians, tower operators, call center operators who contributed during the #COVID19 Pandemic inspite of the sudden rise of telecom-traffic across the country
#CabinetDecisions
Decision taken to rationalize the definition of Adjusted Gross Revenue (AGR)
Non-telecom revenue under AGR will be removed
- Union Minister @AshwiniVaishnaw
#CabinetDecisions
In case of spectrum, there was a regime of heavy interest, penalty, interest on penalty on payment of license fees
Penalty has been completely removed; instead of monthly compounding of interest, annual compounding to be done
- Union Minister @AshwiniVaishnaw
#CabinetDecisions
In future, duration of Spectrum auction will be for 30 yrs instead of 20 yrs; also the buyer, after completing 10-years lock-in period, has option to surrender by paying surrender charges
This is a big flexibility given to #Telecom
- @AshwiniVaishnaw
#CabinetDecisions
9 structural reforms and 5 process reforms in telecom sector have been approved today; these reforms will change the framework of the entire #TelecomSector
Union Minister @AshwiniVaishnaw
#Cabinet
PLI Scheme for auto sector will bring fresh investments of over ₹42,500 Cr. in 5 years; incremental production of over ₹ 2.3 lakh crore
PLI Scheme for #Drones will bring fresh investments of over ₹5,000 Cr. in 3 years
#PLI4EV #AutoPLI
📘pib.gov.in/PressReleasePa…
#Cabinet approves major Reforms in #TelecomSector
Telecom Reforms to boost employment, growth, competition and consumer interests
Liquidity needs of #Telecom Service Providers addressed
Read pib.gov.in/PressReleasePa…
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