Indian government waives ₹6 lakh crore spectrum dues
The government just approved a massive one-time waiver—over ₹6 lakh crore—in spectrum dues for Defence, Railways, and Space.
This move wipes out nearly all penalties and 95% of the interest charges, so these departments only need to pay the principal amount plus a small 5% interest.
The unpaid bills go way back, some even to 2004, and are linked to essential services like defense communications and satellite operations.
Focus on upgrades and services running smoothly
This decision takes a huge financial load off these crucial sectors, letting them focus on upgrades and keeping vital services running smoothly—think national security and better infrastructure.
By leaving out PSUs and private telecom companies from the waiver, the government is sticking to its guns on commercial fairness while finally settling old disputes over spectrum charges.