Business The budget we need: These are the steps the govt should take to ring in telecom growth Updated : June 28, 2019 08:18 PM IST The government should amend the definition of ‘royalty’ to exclude payments for standard telecom services from its ambit. The industry has accumulated input credit of approximately Rs 35,000 crore, which is severely impacting the cash flow status. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.