Telecom Sector in India gets 100% FDI nod

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Indian Telecom sector recently got an approval by Inter-ministerial body Telecom Commission for raising foreign direct investment (FDI) limit in the sector from 74 per cent to 100 per cent. As per the Telecom Commission, 49 per cent of investment in an entity can be done through automatic route and the rest is subjected to the approval by FIPB. “The decision will come in force only after the Cabinet approves it,” a senior government official said. This move is expected to help the industry get fresh funds to lower the existing financial burden on Indian telcos.

Purchasing a new SIM card to get stricter; Fingerprint Verification may soon be implemented

If reports are to be believed, the home ministry has asked the department of telecommunication (DoT) to make it compulsory for cellphone service providers to take fingerprints or any other biometric feature of the subscriber, similar to Aadhaar, before activating the mobile numbers (As reported by Economic times). The Department of Telecommunications (DoT) had last year made it mandatory for a mobile service provider to physically verify an applicant before issuing a SIM card in order to enhance security and confirm that it falls into safe hands. However, retails across the country have been found breaking the rules. The matter was recently also raised by the Delhi Police Commissioner, who had reportedly complained that the it is the cut-throat competition among the mobile service providers that has led to laxity in carrying out the prescribed physical verification of an applicant.