Synopsis
“. we are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed,” said Cellular Operators Association of India (COAI) director general (DG), SP Kochhar .
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The industry body said although the overall Budget tabled by finance minister Nirmala Sitharaman on Monday was “pro-investment” and “pro- growth”, it overlooked the sector at a time when telcos are going to launch 5G services.
Telecom operators are disappointed that their concerns to improve the health of the telecom sector were not addressed in the Union Budget.
“. we are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed,” said Cellular Operators Association of India (COAI) director general (DG), SP Kochhar .
Telecom industry body COAI on Monday expressed disappointment over budget proposals, saying that none of the concerns of the sector such as reduction in levies was addressed. The Cellular Operators Association of India (COAI), whose members include Reliance Jio, Bharti Airtel, Vodafone Idea, said that the government has not considered the request of the industry to exempt the payment of government levies such as LF, SUC and spectrum installments etc from GST. We welcome the budget as it is pro-investment and pro-growth. It will provide the much-needed impetus to economic growth post the pandemic and will set us on the path to becoming Atmanirbhar Bharat.
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Does not address concerns over inequitable growth, say experts
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Union Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi on February 1, 2021. | Photo Credit:
Sandeep Saxena
Does not address concerns over inequitable growth, say experts
The Union Budget 2021-22 drew mixed responses from the corporate sector. While it was largely welcomed by India Inc, which termed it a ‘budget for growth’, sectors such tourism and telecom expressed disappointment that their concerns were not addressed. Analysts too pointed out that the Budget does not provide any specific support for sectors stressed due to the pandemic.
The two major industry bodies CII and FICCI hailed the Union Budget. Uday Kotak, President of CII, said the Finance Minister delivered on her promise of unveiling a ‘Budget Like No Other’, adding that she had announced a “raft of prudent measures aimed at rejuvenating government spending towards critical
Budget 2021: Debt-laden telecom sector expects tax reliefs, lower licence fee
ccording to EY, the industry expects Budget to offer price support in the form of Goods and Service Tax (GST) exemption from regulatory payments such as license fee and spectrum usage charges (SUC)
BusinessToday.In | February 1, 2021 | Updated 05:51 IST
Telecom companies owe Rs 1.47 lakh crore in additional statutory dues to the government
The cash-strapped telecom industry, which is battling with competitive pricing and Adjusted Gross Revenue (AGR) dues, has been pinning its hopes on the Union Budget 2021 to offer some breather. According to EY, the industry expects Budget to offer price support in the form of Goods and Service Tax (GST) exemption from regulatory payments such as license fee and spectrum usage charges (SUC).
Representational photo.
NEW DELHI: 5G could be a reality in India by September this year. The government on Thursday took a decision that allows telecom companies to make changes in technology advancements and upgrades with a notice of only six months, against one year mandated previously.
The modifications have been made part of the amendments to the notice inviting applications for the spectrum auctions slated for March. “In case of switching over to a different technology, while rolling out networks, information regarding the new technology should be given at least six months before any base station is offered for testing,” the amendment said.