Cabinet’s Rs 30,000 crore bank guarantee relief for telecom industry – Times of India
NEW DELHI: In a reprieve for financially-crippled Vodafone Idea and the broader telecom industry, the Union Cabinet on Monday eliminated the need to submit hefty bank guarantees towards past spectrum purchases, with the relief expected in excess of Rs 30,000 crore for the various players.While a substantial part of the benefit will flow in for…