NEW DELHI: Telecom Commission, the highest decision-making body in the telecom ministry, has approved the new telecom policy and net neutrality recommendations in a meeting on Wednesday, among other proposals.The National Digital Communications Policy, which aimed at creating new jobs and getting investments of more than $100 billion into India by 2022, will now be taken to the Cabinet for final approval, after the department pored over more than 1000 views from different stakeholders at the review stage.
The new policy formulation comes at a time when the sector is confronting financial difficulties, with debt of nearly Rs 8 lakh crore. Revenue and profitability of operators have come under severe pressure amid brutal competition accelerated by the entry of aggressive newcomer Reliance Jio. This has also lead to rapid consolidation through the mergers, acquisitions and exits in the sector. The policy was open till May-end for views of stakeholders and the public, and officials said, more than 1000 comments had come in, which were being reviewed by the department.