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Telecom Technology: Delhi-based industry body also demanded an open mechanism for administrative allocation of spectrum and "reserving" non-public network domain for deployment by domestic design products exclusively.
Pratap Technocrats: Gurugram-based company that also offers operation and maintenance for active and passive telecom infrastructure, has an orderbook of close to Rs 3,000-crore currently.
Telecom infrastructure providers are seeking availability of input tax credit, an increase in tax depreciation rate, and rationalisation of TDS provisions in their Budget wishlist. Measures to facilitate ease of doing business will increase investment and contribute to the industry's long-term growth. The telecom infrastructure industry is also seeking government support for the availability of input tax credit on telecom towers and the rationalisation of TDS provisions on purchase of electricity and purchase of diesel.
Telecom Infrastructure Providers: The Delhi-based group has also written to the Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, seeking support for the telecom infrastructure industry in the upcoming budget.
The Supreme Court has set aside an order whereby the National Company Law Tribunal (“NCLT”) kept the approval of a resolution plan in abeyance while directing an Official Liquidator to conduct...