MF Farooqui to be new Telecom Secretary
Farooqui is tipped to replace Rentala Chandrashekhar who superannuates at the end of this month.
New Delhi: Senior IAS officer MF Farooqui is likely to be the next Telecom Secretary. Farooqui, who is currently Secretary in the Department of Heavy Industries, is tipped to replace Rentala Chandrashekhar who superannuates at the end of this month. The Cabinet Committee on Appointments (ACC) is believed to have cleared Farooqui's name and an announcement is likely to be made shortly. The Tamil Nadu cadre IAS officer of 1978 batch, Farooqui will have a 15 month tenure at the helms of Department of Telecom before he attains superannuation age of 60 years in June 2014.
Farooqui, who is on Central deputation since December 2009, was made the Secretary in the Department of Heavy Industries in the Ministry of Heavy Industries and Public Enterprises in December. He is joining DoT at a time when investor sentiment has been largely hit by regulatory uncertainty. This was also reflected in a massive 96 per cent decline in foreign investments to $70.46 million in April to November 2012 from $1.98 billion in the same period a year ago.
Chandrashekhar, 1975 batch IAS from Andhra Pradesh cadre, retired on Thursday after handling the sector in turbulent times and simultaneously getting new telecom policy in place to set roadmap for future investments. During the tenure of Chandrashekhar, most of the regulatory issues were dependent on courts. Following the court's order, the government now has a definite way of allocating spectrum, a key component for telecom services, through auction.
The allocations for mobile telephony were put on hold after May 2009 which in turn impacted expansion of the sector. Farooqui will have to deal with issues such as rising tariffs, industry's opposition to implementing free roaming services, litigations including the matter of 3G inter-circle roaming and levy of one-time spectrum fee on operators.