Ajay Prakash Sawhney will take over as secretary for electronics and IT, the government notification added.
The home-grown messaging service is looking to overtake messaging service Whatsapp and Paytm to become the leading messaging and payment app in the country.
Airtel had said that it is acquiring Tikona Digital’s 4G business, along with its 4G spectrum, in Gujarat, UP, Himachal Pradesh and Rajasthan for about Rs 1,600 crore.
In the Budget, telecom sector revenue projections were set at Rs 44,342.2 crore for FY18, down 55% from the year-before expectations of Rs 98,994.93 crore.
Jio had claimed that the financial stress in top three telcos' businesses was due to their dependence on debt, and blamed high government fees.
The association counts companies like American Tower Corp, Bharti Infratel, Indus Towers, GTL Infrastructure and Reliance Infratel among members.
Boost for Make in India: Government close to imposing basic customs duty of at least 10% on smartphones
Officials in the ministries of commerce, revenue, and IT and electronics said the Centre is close to a final decision. It's expected shortly before GST rollout.
Panasonic would also bring the distribution responsibility in-house, and pare down the market-share targets to about 5% in two years from initial projections running into two digits.
The telecom sector is reeling under a massive Rs 4.9 lakh crore debt, while banks put the total debt from the sector at around Rs 8 lakh crore.
BIF said any imposition of customs duty on imported mobile phones, post-switch over to GST regime for compensating local manufacturing, will violate India’s stance on FTA treaties.
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