In a much-needed relief for the cash-strapped telecom sector, the Government has approved a 4 year moratorium period on dues and rationalised the definition of Adjusted Gross Revenue (AGR) by excluding non-telecom revenue of telecom companies with the expectations that the reforms will change the framework of the entire telecom sector and broaden the industry. 100 per cent FDI in telecom via the automatic route has also been approved. Now the compounding of interest on late payment of spectrum usage charges and licence fees will be done on an annual basis, rather than monthly basis.
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