Via computerized route: Govt permits 100% telecom FDI

The authorities on Wednesday allowed 100 per cent international direct funding within the telecom sector by means of computerized route to advertise ease of doing enterprise within the trade.
Earlier, 100 per cent of FDI was allowed, of which 49 per cent of funding was permitted by means of computerized route.
According to the DPIIT’s press observe, 100 per cent FDI is permitted throughout every kind of telecom companies and infrastructure suppliers.
The transfer will present aid for Vodafone Idea, because it has been seeking to elevate funds from abroad to help its enterprise.
The Department of Telecommunications (DoT) slashed efficiency and monetary financial institution assure necessities of telecom operators by 80 per cent. The modification has been made in each outdated telecom licences within the UASL (Unified Access Services licences) class and new licences that had been began in 2012- Unified Licence (UL) class.