BANKING AFFAIRS

Detailed explanation-1: -It is a statutory body and regulates the telecommunications sector in the country. The Telecom Regulatory Authority of India (TRAI) was established with effect from February 20, 1997, by an Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997.

Detailed explanation-2: -Telecom Regulatory Authority of India(TRAI) Act, 1997 | Department of Telecommunications | Ministry of Communication | Government of India.

Detailed explanation-3: -The Telecom Regulatory Authority of India (TRAI) is a regulatory body set up by the Government of India under section 3 of the Telecom Regulatory Authority of India Act, 1997. It is the regulator of the telecommunications sector in India.

Detailed explanation-4: -Powers and Functions of TRAI Making recommendations on various issues; General administrative and regulatory functions; Fixing tariffs and rates for telecom services; and. Any other functions entrusted by the Central Government.

Detailed explanation-5: -TRAI regulations generally, deal with: Interconnection issues (usage charges, agreement, revenues sharing). Quality of the telecom services. Consumer protection and redressal of grievance including unsolicited commercial communication.