The cabinet on Wednesday approved several measures to extend a lifeline to the cash-strapped telecom sector.
Cabinet redefined the much litigated concept of adjusted gross revenue (AGR) to exclude non-telecom revenue and a four year moratorium on players’ dues to the government.
Telecom minister Ashwini vaishnaw said the government was keen on ensuring that there were more players in the sector and consumers retained choices when asked about the fears of a duopoly emerging with just two major telecom players – Bharti Airtel and Reliance jio.
Telecom minister announced nine structural reforms and five procedural reforms for the sector.
Foreign direct investment (FDI) in the sector has also been allowed upto 100% under the automatic route.
# National crime records bureau
There was a 28% increase in the registration of cases in 2020 in the country compared to 2019.
An almost 21 fold jump was recorded in cases of disobedience to the order duly promulgated by public servant.
Crimes against scheduled castes, with a total of 50,291 cases, showed an increase of 9.4%.
# Sputnik light
The drug controller general of India (DCGI) has recommended that the Single-dose version of the Sputnik V vaccine – Sputnik light – be tested in Indians.
The Hyderabad-based Dr. Reddy’s laboratories, which is licensed to manufacture the vaccine, had presented updated safety, immunogenicity and efficacy data of Sputnik light phase III clinical trial conducted in Russia.
# PLI for auto sector
The union cabinet on Wednesday approved a 26,058 crore rupees production linked incentive (PLI) scheme to spur manufacture of advanced technology and green vehicles, auto parts and drones.
The government estimates the scheme will attract 42,500 crore rupees in fresh investment into the automobile and auto components industry over five years.
# Air India
The Tata group has submitted a financial bid for acquiring Air India, which the government plans to privatise.
The group’s holding company Tata sons confirmed the bid but declined to divulge details.
Tata sons has an 83.7% stake in Air-Asia India and holds 51% in Vistara, a joint venture with Singapore airlines.