Take the call on telecom—सविस्तर माहितीसाठी Business Standard मधील बातमी वाचावी.

After being a spectator to the decline in the telecom industry’s fortunes, the government finally seems to be swinging into action. First, the inter-ministerial group set up to resolve financial stress in the sector will meet representatives of networks to get a fix on their distress. This will be followed by a meeting between Telecom Minister Manoj Sinha and owners and chief executive officers (CEOs) of networks, after which a solution is expected to be announced by the end of the month. In between, Telecom Regulatory Authority of India (Trai) Chairman R S Sharma, too, has called telecom CEOs to assess their pain. These are welcome steps and the government must ensure that the above schedule is adhered to because the sector is gasping for breath. Of the five listed networks, only one, Bharti Airtel, made a profit last quarter. Reliance Communications has already defaulted on its payments. The matter needs urgent action because further delay could lead to a full-blown crisis in this sector.

via Take the call on telecom | Business Standard Editorials