The Union Cabinet, chaired by Prime Minister Narendra Modi has approved a number of structural and process reforms in the Telecom sector, to provide relief to ailing telecom service providers, struggling with high levels of debt. A total of 9 structural and 5 process reforms have been approved by the Union Cabinet.
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The relief package is expected to protect and generate employment opportunities, promote healthy competition, protect the interests of consumers, infuse liquidity, encourage investment and reduce the regulatory burden on Telecom Service Providers (TSPs).
Some major reforms announced are as follows:
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