 "Spectrum auction to be conducted for 5G rollout by 2022-23: Sitharaman")
Finance Minister Nirmala Sitharaman on Tuesday said spectrum auction will be conducted to roll out 5G mobile services within 2022-23 by private firms.
In her Union Budget 2022-23 speech, she also said voluntary exit for corporates will be cut down to 6 months from 2 years.
Sitharaman also informed that surety bonds will be made acceptable to reduce indirect costs for suppliers.
While stating that 2,000 km of rail network will be brought under indigenous technology, KAWACH for safety and capacity augmentation, the finance minister also said 400 new generation Vande Bharat trains will be manufactured in the next three years.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app