{"id":52529,"date":"2021-09-17T05:47:06","date_gmt":"2021-09-17T05:47:06","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=52529"},"modified":"2021-09-18T10:13:21","modified_gmt":"2021-09-18T10:13:21","slug":"cabinet-approves-100-fdi-under-automatic-route-in-telecom-sector","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/cabinet-approves-100-fdi-under-automatic-route-in-telecom-sector\/","title":{"rendered":"Cabinet approves 100% FDI under automatic route in Telecom Sector"},"content":{"rendered":"\n<p>The Union Cabinet approved 100% Foreign Direct Investment (FDI) in the telecom sector through the automatic route. The government also announced a host of reliefs for the telecom sector. Prime Minister Shri Narendra Modi, has approved a number of structural and process reforms in the Telecom sector on September 15, 2021, to provide relief to ailing telecom service providers, struggling with high levels of debt.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs Quiz 2021<\/a><\/h2>\n\n\n\n<p>Some major reforms announced are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Change in the definition of AGR:<\/strong>&nbsp;The definition of Adjusted Gross Revenue (AGR) has been changed and now all&nbsp;<strong>non-telecom revenue will be removed<\/strong>&nbsp;from AGR.<\/li><li><strong>Rationalised Spectrum Usage Charges:&nbsp;<\/strong>The monthly compounding of interest on spectrum usage charges is replaced by annual compounding and the interest rate will come down, based on the formula MCLR + 2%. Penalty on payment of licence fees, spectrum user charges and all kinds of charges have been completely scrapped.<\/li><li><strong>Four-year Moratorium on dues<\/strong>:&nbsp; Moratorium has been announced on statutory dues of the telecom sector for four years. It will be applicable from&nbsp;<strong>October 1, 2021<\/strong><\/li><li><strong>Foreign Direct Investment (FDI)<\/strong>: government has increased the FDI in the Telecom sector under the automatic route from&nbsp;<strong>49% to 100%.<\/strong><\/li><li><strong>Auction calendar fixed<\/strong>&nbsp;\u2013&nbsp;Spectrum auctions will henceforth be held in the last quarter of every financial year.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet approved 100% Foreign Direct Investment (FDI) in the telecom sector through the automatic route. The government also announced a host of reliefs for the telecom sector. Prime Minister Shri Narendra Modi, has approved a number of structural and process reforms in the Telecom sector on September 15, 2021, to provide relief to [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":52648,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1417],"tags":[1723,1724],"class_list":["post-52529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-september-2021","tag-foreign-direct-investment","tag-telecom"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/52529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=52529"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/52529\/revisions"}],"predecessor-version":[{"id":52530,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/52529\/revisions\/52530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/52648"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=52529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=52529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=52529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}