Cabinet approves crucial relief package for stressed telecom sector
India Today
The Union Cabinet has approved a crucial relief package for the telecom sector. Shares of telecom firms rose sharply after the approval. The government has also approved production-linked incentives for the auto sector.
The Union Cabinet has approved a crucial plan to provide relief to the ailing telecom sector on Wednesday. The relief package will provide much-needed relief to telecom companies like Vodafone Idea and Bharti Airtel.
The development has been confirmed by a senior government official who spoke to news agency Reuters. Further details about the telecom relief package will be shared during a press briefing scheduled later in the day.
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