News:Telecom Regulatory Authority of India(TRAI) has directed telecom service providers to put all unclaimed subscriber money in the Telecommunication Consumers Education and Protection Fund(TCEPF).
About Telecommunication Consumers Education and Protection Fund (TCEPF):
- The Telecommunication Consumers Education and Protection Fund Regulations of 2007 offers a basic framework for depositing unclaimed money of consumers by service providers, maintenance of the fund and other aspects.
- The fund also includes money on account of excess billing revealed in the audit, unclaimed money such as security deposits and plan charges of failed activations.
- The income from this fund is utilised for programmes and activities relating to consumer education and protection.
- Telecom Regulatory Authority of India(TRAI) is a statutory body set up by the Government of India under section 3 of the Telecom Regulatory Authority of India Act,1997.
- It regulates telecom services including fixation/revision of tariffs for telecom services.
- It also aims to provide a fair and transparent policy environment which promotes a level playing field and facilitates fair competition.
- The regulator consists of a Chairperson and not more than two full-time members and not more than two part-time members.