Thread by @PIBMumbai

#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…