Establishing broadband highways a focus area: Prasad

Tags: News
Restoring investor confidence, improving quality of services and establishing broadband highways will be the top priorities for newly appointed Minister for Communications and IT Ravi Shankar Prasad.

"If I can use a metaphor, if Mr Atal Bihari Vajpayee government was known for national highways, Shri Narendra Modi's government should be known for broadband highways. I I have directed the department to work on more details of this project," he told reporters after assuming office.

"I want to assure all investors that the new government shall act in a transparent manner. The decision-making shall be fair based upon the twin objective of growth and consumer satisfaction. These are two broad decisions taken today," the Telecom Minister said.

The telecom department has been in the news for many wrong reasons and the first priority would be to set things right, he added.

"The way things happened in the past have dented investor confidence. We need to restore that. In the telecom industry, 100 per cent FDI is allowed. Therefore, the 100 per cent FDI must be quickened, must be helped to come to India under a transparent regime which is assured

... This shall be my endeavour," he said.

Prasad said he took presentations from all officers for two hours in order to understand things in detail.

He said he has asked his officers to consider some sort of softer regulatory mechanism that is stable.

"I have asked my officers to consider some sort of softer regulatory mechanism which is stable. If regulations are softer, they generate confidence but as a minister I will ensure whatever regulations are there they are strictly followed," he said.

He also said improving mobile access in areas like North East, extremism-infested areas, Ladakh, Andman and Nicobar and other rural areas.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Rajgopal Nidamboor

Synchronous balance is vital for one and all

Imagine that you are playing an electronic game, or actually ...

Shona Adhikari

When women to birds become a painter’s muses

This week the focus is on renowned artist Amitabha Banerjee, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture