Cabinet has approved moratorium plan for telecom companiesThe Union Cabinet on Wednesday cleared a relief package for the stressed telecom sector which entails relaxation to telecom companies on payment of their long outstanding dues, including a one-year moratorium on spectrum installment which is due in April 2022.The package is aimed at giving relief to companies like Vodafone Idea, that owe a huge amount to the government in statutory dues.The relief package cleared by the Cabinet, consists of a component where telecom companies may get an option to convert interest on their spectrum dues amounting to four-year moratorium, into government equity.
Source link
Strange India 