The telecom regulatory authority of India (TRAI) has notified stricter mobile number portability (MNP) norms. This comes as a result of a high number of rejections of mobile number portability requests by telecom companies, reports CNBC-TV18.
According to the new norms, the companies are likely to reject a MNP request if the outstanding bill is greater than ten rupees, or if a post-paid customer has not fulfilled his contractual obligations. CNBC-TV18 also learns that the information and broadcasting ministry accepted the recommendation by TRAI to boost foreign direct investment (FDI) ceiling for direct-to-home TV, Internet protocol TV and teleport from 49% to 74%. TRAI has also recommended raising the FDI limit in FM to 26% from 20%. Did you miss? Hike in FDI will result in informed investments: Hathway TDSAT rejects Idea's plea against license cancellationDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!