The Telecom Regulatory Authority of India (TRAI) has recommended a cut in the entry fee for mobile and other telecom service licences, as well as the merging of bank guarantees. The move is aimed at facilitating the entry of new players and promoting ease of business for existing ones. TRAI believes that these measures will spur investment and growth, improve the quality of service, and enhance consumer welfare in the telecom sector. The reduction in entry fee is expected to attract new service providers and increase competition in the market.
