Trai drops 1% turnover penalty proposal, caps telcos’ false reporting fine at ₹5 cr

The Telecom Regulatory Authority of India (Trai) has dropped a proposal to impose penalties of up to 1% of turnover on service providers that file incorrect financial reports after objections by operators.

Instead, Trai has opted for a capped, slab-based penalty framework in its final regulations, under which penalties of as much as ₹5 crore can be imposed, depending on whether the violation is major or minor and the company’s turnover.