The Economic Survey 2017-18 today said the telecom sector is going through stress due to a huge debt pile, tariff war and irrational spectrum costs and called for policy measures to minimise over-bidding of assets during auctions. "However, it is important to note that the telecom sector is going through a stress period with growing losses, debt pile, price war, reduced revenue and irrational spectrum costs," the survey said. Also read Sunny Deol's famous dialogue finds place in Economic Survey 2018"The crisis has also severely impacted investors, lenders, partners and vendors of these telecom companies," the survey said. Also read Budget Session 2018: What is Economic Survey and why is it important"The lesson is that policy design must minimise these costs wherever possible. It noted that the government is in the process of formulating the New Telecom Policy which is targeted to be released in 2018.

Source: dna January 29, 2018 11:37 UTC