BANKING AFFAIRS

Detailed explanation-1: -The main purpose of these two institutions established under the TRAI Act is to regulate telecommunication services, adjudicate disputes, dispose appeals and protect the interest of the service providers as well as the consumers.

Detailed explanation-2: -Now the regulation of telecom services is to be done by TRAI and the newly set up Telecom Disputes Settlement Appellate Tribunal (TDSAT). They will also adjudicate disputes, dispose of appeals, protect interests of service providers and consumers, to promote and ensure orderly growth of the telecom sector.

Detailed explanation-3: -TRAI’s mission is to ensure that the interests of consumers are protected and at the same time nurture conditions for growth of telecommunications, broadcasting and cable services in a manner and at a pace which will enable India to play a leading role in emerging global information society.

Detailed explanation-4: -Telecom Regulatory Authority of India(TRAI) Act, 1997 | Department of Telecommunications | Ministry of Communication | Government of India.