India, Sept. 18 -- The package includes several measures, the most important being a four-year moratorium on adjusted gross revenue (AGR) dues.

The Narendra Modi government last week announced important steps to help three ailing sectors-telecom, automotive, and banking. The best thing about them is that.well, they are there, showing the government's desire to revitalize them. But would the desire be fulfilled? To some extent, but not fully.

The package includes several measures, the most important being a four-year moratorium on adjusted gross revenue (AGR) dues. AGR, a revenue-sharing mechanism between the government and telecom companies, has proved to be the bane of Vodafone Idea and Airtel. The government wanted AGR dues to include...