Technology
Agenda 2.0 for Ravi Sh
The focus is to improve financial health of telecom , faster implementation of BharatNet finalisation of Draft Data Protection and Privacy Bill , impetus to Make In India and auction of
� Pravin Prashant
The newly appointed MP from Patna Sahib , Ravi Shankar Prasad has been appointed as Union Minister of Law , Electronics & IT and Communications and there is lot of work which needs to be done on priority for ICT sector . The Agenda 2.0 for Ravi Shankar Prasad would be to improve financial health of telecom , faster implementation of BharatNet project , better network quality for both voice and data , finalisation of Data Protection and Privacy Bill , Impetus to Make In India and auction of 5G spectrum .
42 Legacy India | June 2019
Improve financial health of telecom operators :
The telecom operators has a net debt of around Rs . 400,000 crore which includes debt from Bharti Airtel , Vodafone Idea and Reliance Jio . Bharti Airtel ’ s consolidated net debt has increased to Rs . 108,235 crore from Rs . 106,367 crore in Q3 2018-19 . Gross debt for Vodafone Idea as on March 31 , 2019 was Rs . 125,940 crore , including deferred spectrum payment obligations due to government of Rs . 90,680 Crore . Cash & cash equivalents were Rs . 75,500 crore resulting in
net debt of Rs . 118,390 crore . For Reliance Industries , the outstanding debt as on 31st March 2019 was Rs . 287,505 crore compared to Rs . 218,763 crore as on 31st March , 2018 of which majority is due to Reliance Jio .
With telecom operators running in huge debts , the government has no other option but to improve the financial viability of the telecom operators by reducing revenue sharing of operators to a minimum so that they can get some relief and thereby focus on expanding 4G infrastructure and also
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