The Cabinet today gave its nod to a wide range of policy issues like spectrum trading norms, gold monetisation and gold bond scheme.
Boost for telecom
The Cabinet approved of the telecom spectrum trading norms today, allowing telcos to buy or sell airwaves from each other. The telecom companies will now be able to trade un-utilised spectrum thereby consolidating the sector.
The government will also garner additional revenue from the spectrum trading as levies on incomes.
Gold monetisation
The government also have its nod to the gold monetisation scheme that would allow gold depositors to earn interest on their metal accounts. Once the gold is deposited in metal account, it will start earning interest on the same.
The scheme was announced by Finance Minister Arun Jaitley in his Budget 2015-16.
Boost for telecom
The Cabinet approved of the telecom spectrum trading norms today, allowing telcos to buy or sell airwaves from each other. The telecom companies will now be able to trade un-utilised spectrum thereby consolidating the sector.
The government will also garner additional revenue from the spectrum trading as levies on incomes.
Gold monetisation
The government also have its nod to the gold monetisation scheme that would allow gold depositors to earn interest on their metal accounts. Once the gold is deposited in metal account, it will start earning interest on the same.
The scheme was announced by Finance Minister Arun Jaitley in his Budget 2015-16.
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