Highlights

  • Contracts for laying optical fibres via PPP mode will be awarded in FY23
  • Spectrum auction will be conducted to roll out 5G mobile services within 2022-23
  • Surety bonds will be made acceptable to reduce indirect costs for suppliers

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Budget 2022: Govt to conduct auction for 5G rollout in FY22-23

Nirmala Sitharaman also informed that surety bonds will be made acceptable to reduce indirect costs for suppliers.

Budget 2022: Govt to conduct auction for 5G rollout in FY22-23

Union Budget 2022 : New Delhi, Feb 1 (PTI) 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.

Nirmala Sitharaman also informed that surety bonds will be made acceptable to reduce indirect costs for suppliers.

Budget 2022 Live Updates: Record Capex, Tax on Crypto & No Income Tax relief for middle class

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. PTI MBI RKL MKJ

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Frequently Asked Questions

The 5G spectrum auction will be conducted within the 2022-23 financial year.

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