Telecom sector woes: IMG to give policy proposals to improve financials

From GAAP to Ind-AS: Impact on sectors

Latest News – The inter-ministerial group (IMG) looking into financial difficulties of the telecom sector is expected to submit its policy prescription to the Telecom Commission next month.

“The (IMG) recommendations will be submitted within a month,” an official told PTI.

The IMG was set up on May 16 to examine issues that are affecting viability and repayment capacity of telecom companies. The group has to furnish recommendations for resolution of stressed assets, policy reforms and strategic interventions for the telecom sector in three months.

“Now, no external meetings are required by the IMG. There will be only internal meetings and examinations by various divisions of the Department of Telecom. The recommendations will be sent to the Cabinet for final approval after Telecom Commission examines it and firms up a view,” the official said.

Another official pointed out that there are many issues in the sector on which the government cannot do much as they are sub judice like definition of adjusted gross revenue (Read More)

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