Floor prices for telecom services, need of the hour: NITI Aayog

Government think-tank NITI Aayog has “strongly emphasised” that floor prices for telecom voice and data services are the need of the hour, due to the heavy burden on the sector, even though it’s not a long-term solution.

Earlier, the NITI Aayog and the Competition Commission of India had opposed the move to fix floor pricing, stating that it would disincentivise competition, deter innovation and deprive consumers of benefits.

“We would like to strongly emphasise that floor prices are the need of the hour to enable continuation of a multiplicity of firms that is critical for healthy competition,” NITI Aayog said in its comments on Telecom Regulatory Authority of India’s (TRAI) consultancy paper.

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