TRAI tightens norms on financial disclosures and tariff reporting

Telecom regulator TRAI has introduced stricter rules with higher interest and penalty caps on payment defaults to ensure accurate financial disclosures and timely tariff reporting by service providers. Companies such as Vodafone Idea, Bharti Airtel, and Reliance Jio will face stricter penalties incase they fail to do so. TRAI now mandates reporting new tariffs within 7 days of implementation.