Telecom operators associations COAI and AUSPI met senior Finance Ministry officials to seek 'infrastructure' status for the sector, a tag which will make access to credit easier for them. Besides income tax exemptions, an industry counted in the infrastructure sector, is allowed to borrow funds from overseas. They are even proviÂded easy credit in the domestic banks. The associations also disÂcussed tax-related issues concerning the sector.
The telecom industry has been demanding lowering of taxes on the sector, saying that the levies in India are among the highest in the world and with tariffs as low as 0.5 paise per second, the revenues are falling, affecting investments in the sector.
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