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Top headlines: Govt approves 5G spectrum auction; May trade deficit widens

Business Standard brings you the top headlines on Wednesday

economy, export, transport, trade
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Photo: Bloomberg

BS Web Team New Delhi
Govt to auction 5G spectrum for 20 yrs; allows private captive networks

The Union Cabinet has cleared the auction for 5G airwaves paving the way for auction and commercial launch of next generation telecom services this year.

The cabinet in its meeting on Tuesday approved Department of Telecom's proposal for the auction of 72 GHz of spectrum for a 20-year-period. It also decided to “enable the development and setting up of private captive networks to spur a new wave of innovations in industry 4.0 applications". Read more

Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29