• UGI USER
  • Apr 13, 2024
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TRAI MOOTS ALLOWING ONLY INDIAN ENTITIES IN ‘REGULATORY SANDBOXES’

Why in the news?

TRAI suggests only Indian entities in telecom regulatory sandboxes, aiming to foster innovation and protect consumer interests.

source:wordpress

About the TRAI’s Proposal for Regulatory Sandboxes:

  • TRAI suggests that only Indian nationals or entities should participate in telecom regulatory sandboxes.
  • The Telecommunications Act, 2023, introduces the concept of regulatory sandboxes for testing new products and services.
  • RS enables testing of innovations in a controlled environment with limited users for a specific duration.
About A Regulatory Sandbox (RS) :

  • Regulatory Sandbox (RS) allows testing of new products/services in a controlled regulatory environment with potential relaxations.
  • Aims to foster responsible innovation, promote efficiency, and benefit consumers.
  • Facilitates engagement between regulators and the ecosystem for developing innovation-friendly regulations.

source:https://m.economictimes.com/industry/telecom/telecom-news/trai-recommends-govt-funding-for-testing-new-telecom-innovations-as-part-of-sandbox-framework/articleshow/109249424.cms