Union Cabinet Approves New Telecom Policy

National Digital Communications Policy aims to attract $100 billion in investments & create 4 million jobs

NDCP 2018 will focus on increasing broadband penetration

Last week, the Union Cabinet approved the new telecom policy, now named the National Digital Communications Policy (NDCP) 2018. The policy aims to attract $100 billion in investments and create 4 million jobs in the sector by 2022. NDCP is focused on increasing high-speed broadband penetration, with use of modern technologies like 5G and optical fibres across the country at affordable rates. It also aims to rationalise levies such as spectrum charges to rejuvenate the debt-ridden telecom sector, and provide broadband access to all with 50 megabit per second speed.

Read more to find out what this policy means for India.

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Over 60 lakh affordable houses built so far

The Ministry of Housing and Urban Affairs has approved the construction of 6.26 lakh more affordable houses under the flagship Pradhan Mantri Awas Yojna — Urban (PMAY-U). This is expected to cost Rs 26,157.5 crore, including Central Government assistance of Rs 9,433.6 crore. Cumulatively, 60,28,608 houses have been built under the PMAY-U scheme so far.

According to official sources, more than 50% of the 11 million affordable houses to be built under PMAY-U have been built or approved.

KPMG believes that Indian real estate will be a trillion dollar industry by 2030.

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