India balks at further telecom fee cuts

Jan 02, 2006

The Indian government has rejected a proposal to cut telecom licensing and spectrum fees rather than face continuing revenue losses.

The Telecom Regulatory Authority had proposed the reduction; however, the Business Standard reported Sunday night that the Finance Ministry vetoed the idea, telling the newspaper that "the government cannot go on reducing the license fee forever."

Reducing fees paid by telecom operators has played an important role in spurring infrastructure expansion. Another cut, however, would cut into revenues the exchequer was planning on.

Industry officials said India continued to have regulatory costs well above those paid in China and other countries in the region.

Copyright 2006 by United Press International

Explore further: Ten ways to stay safe while shopping online

add to favorites email to friend print save as pdf

Related Stories

Comcast strikes deal to buy Time Warner Cable (Update)

Feb 13, 2014

With a single behemoth purchase, Comcast is creating a dominant force in American entertainment and presenting federal regulators with an equally outsized quandary: How should they handle a conglomerate that ...

Recommended for you

How polymer banknotes were invented

42 minutes ago

The Reserve Bank of Australia (RBA) and CSIRO's 20-year "bank project" resulted in the introduction of the polymer banknote – the first ever of its kind, and the most secure form of currency in the world. ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.