[Breaking] SC Grants 10 Years Period For Telecos To Clear AGR Dues; First 10% To Be Paid By March 2021 [Read Judgment]
4 years, 6 months ago

[Breaking] SC Grants 10 Years Period For Telecos To Clear AGR Dues; First 10% To Be Paid By March 2021 [Read Judgment]

Live Law  

The Supreme Court has held that the telecom companies who are liable to pay AGR dues shall make payment of 10% of the dues by March 31, 2021. - Teleco's have to make payments in yearly instalments commencing from 1.04.2021 upto 31.03.2031 - Adjusting Bank Guarantees to be kept alive by telcos until payments have been made Court further held that "In case of any default in making payment of annual instalments, interest would become payable as per agreement along with the penalty and interest on penalty and would be punishable by contempt of court." In March, before the commencement of the ongoing coronavirus-forced lockdown, the Department of Telecom had moved the Supreme Court proposing staggered payment over 20 years for telecom firms to discharge their AGR dues. That, at the first instance, the respective Telecom Operators shall make the payment of 10% of the total dues as demanded by DoT by 31.3.2021. have to make payment in yearly instalments commencing from 1.4.2021 up to 31.3.2031 payable by 31st March of every succeeding financial year Various companies through Managing Director/Chairman or other authorised officer, to furnish an undertaking within four weeks, to make payment of arrears as per the order.

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History of this topic

Big Setback To Airtel, Vodafone As Supreme Court Rejects Curative Plea Against AGR Dues
6 months ago

Big Setback To Airtel, Vodafone As Supreme Court Rejects Curative Plea Against AGR Dues

ABP News  

The Supreme Court on Wednesday rejected a petition filed by the telecom companies including Vodafone and Airtel seeking a re-computation of adjusted gross revenues, amid a long-standing dispute over payment of dues to the government. In 2021, the Supreme Court dismissed a plea seeking corrections in the AGR dues demand by telecom companies. In 2023, telecos filed a curative petitions …

CJI agrees to consider listing plea by Vodafone-Idea to correct computational errors in Adjusted Gross Revenue dues
8 months, 1 week ago

CJI agrees to consider listing plea by Vodafone-Idea to correct computational errors in Adjusted Gross Revenue dues

The Hindu  

Chief Justice of India D.Y. Chandrachud on July 15 agreed to consider listing a plea by Vodafone-Idea to correct alleged errors in the computation of Adjusted Gross Revenue dues. A curative petition against the dismissal of earlier pleas seeking correction of alleged errors in AGR-related dues is yet to be listed before a Bench, the TSP said. In July 2021, …

AGR Case : Supreme Court Asks Bharti Airtel To Move Alternate Forum Challenging DoT Demand For Videocon Dues
3 years, 7 months ago

AGR Case : Supreme Court Asks Bharti Airtel To Move Alternate Forum Challenging DoT Demand For Videocon Dues

Live Law  

The Supreme Court on Tuesday granted liberty to Bharti Airtel to move the appropriate forum against the direction issued to it by the Department of Telecommunications to pay the AGR dues of Videcon Telecommunications Ltd.The Court also restrained the DoT from invoking the bank guarantees furnished by Airtel for three weeks.A bench comprising Justices L Nageswara. The Supreme Court on …

Telcos tried to recompute AGR dues under the guise of correcting ‘arithmetical errors’: SC
3 years, 8 months ago

Telcos tried to recompute AGR dues under the guise of correcting ‘arithmetical errors’: SC

The Hindu  

The Supreme Court said what major telecom service providers such as Vodafone, Airtel and Tata really wanted, under the guise of correcting “arithmetical errors”, was a recalculation of their adjusted gross revenues running into crores. These applications by the telecom majors to “correct” Math mistakes, which at “first blush” look “innocuous”, was a roundabout way to recompute their AGR debts …

Supreme Court dismisses telecom majors’ pleas to record grievances on ‘arithmetical errors’ in calculation
3 years, 8 months ago

Supreme Court dismisses telecom majors’ pleas to record grievances on ‘arithmetical errors’ in calculation

The Hindu  

The Supreme Court on July 23 dismissed applications filed by major telecom firms such as Voda-Idea and Airtel for a chance to place their grievances about “arithmetical errors” in their Adjusted Gross Revenue dues before the Department of Telecom. In a September 2020 judgment, the top court had ordered that the annual 10% instalments for payment of AGR dues would …

Supreme Court Dismisses Telecom Companies' Pleas To Recompute AGR Dues
3 years, 8 months ago

Supreme Court Dismisses Telecom Companies' Pleas To Recompute AGR Dues

Live Law  

The Supreme Court on Friday rejected the pleas of telecom companies seeking recomputation of the Adjusted Gross Revenue dues demanded by the Department of Telecommunications.A bench comprising Justices L Nageswara Rao, S Abdul Nazeer and MR Sha pronounced the order dismissing the applications filed by Vodafone Idea, Bharti Airtel and Tata Teleservices.The bench had observed. The Supreme Court on Friday …

Bharti Airtel Moves Supreme Court Seeking Modification Of AGR Dues
4 years, 2 months ago

Bharti Airtel Moves Supreme Court Seeking Modification Of AGR Dues

Live Law  

Bharti Airtel has moved an Application before the Supreme Court seeking for a limited clarification/modification of the Adjusted Gross Revenue dues owed to the Department of Telecommunications as well as a recall of previous orders which allowed the Respondent to appeal against judgement of TDSAT. 43,890 crores is the final amount due and payable by the Applicants.Further, it seeks for …

AGR Case : SC Asks DoT To Complete Assessment Of Liability In Cases Of Spectrum Trading [Read Judgment]
4 years, 6 months ago

AGR Case : SC Asks DoT To Complete Assessment Of Liability In Cases Of Spectrum Trading [Read Judgment]

Live Law  

The Supreme Court on Tuesday asked the Department of Telecommunications to complete the assessment of liability to pay AGR dues in cases of spectrum trading. With respect to the liability under spectrum-sharing, the bench observed : "That in the present case, only part of the spectrum of the licensee has been shared with the case of some of TSPs., which …

Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore
4 years, 6 months ago

Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore

Firstpost  

Failure to pay the instalments of the dues would incur penalty, interest, and contempt of court, the Bench cautioned the telecom firms New Delhi: The Supreme Court Tuesday granted 10 years to telecom firms such as Vodafone Idea, Bharti Airtel and Tata Teleservices for paying the Adjusted Gross Revenue -related dues to the Department of Telecommunications with certain conditions. Failure …

Supreme Court directs telcos to pay AGR dues in 10 years
4 years, 6 months ago

Supreme Court directs telcos to pay AGR dues in 10 years

The Hindu  

The Supreme Court on Tuesday allowed telecom companies 10 years’ time to pay their adjusted gross revenue dues to the government. Even a single default will attract the dues along with interest, penalty and interest on penalty at the rate specified in the agreement”, the court warned the telcos. In the event of any default in making payment of annual …

SC gives telcos 10 yrs to pay AGR dues; 10 pc of dues to be paid by March 31 next year
4 years, 6 months ago

SC gives telcos 10 yrs to pay AGR dues; 10 pc of dues to be paid by March 31 next year

India TV News  

The Supreme Court on Tuesday allowed telecom companies to pay Adjusted Gross Revenue charges within a period of ten years. The Bench of Justices Arun Mishra, S Abdul Nazeer and MR Shah laid down the timeframe within which telecom companies are required to clear their AGR dues in line with the Court's October 2019 judgment. After the Supreme Court delivered …

SC Gives Telecom Firms 10 Years to Clear AGR Dues of Rs 1.6 Lakh Crore; 10% to be Paid by March 31
4 years, 6 months ago

SC Gives Telecom Firms 10 Years to Clear AGR Dues of Rs 1.6 Lakh Crore; 10% to be Paid by March 31

News 18  

The Supreme Court on Tuesday gave telecom firms 10 years to clear Adjusted Gross Revenue-related dues, which run into about Rs 1.6 lakh crore. Each company will decide if they want to file a review petition.” The department of telecommunications had in March appealed to the top court seeking 20 years for payment of AGR dues, including spectrum usage charge, …

Supreme Court grants 10 years to telecom companies to clear AGR dues of Rs 1.6 lakh crore
4 years, 6 months ago

Supreme Court grants 10 years to telecom companies to clear AGR dues of Rs 1.6 lakh crore

India Today  

The Supreme Court on Tuesday announced its verdict in the much-awaited Adjusted Gross Revenue case and granted 10 years time to telecom firms to clear outstanding dues. The top court added that 10 per cent of the total AGR dues have to be cleared by telecom firms by March 31, 2021. Last year the Apex court had passed orders directing …

SC to Pronounce Verdict on AGR-related Issue Tomorrow
4 years, 6 months ago

SC to Pronounce Verdict on AGR-related Issue Tomorrow

News 18  

The Supreme Court is scheduled to pronounce its verdict on Tuesday on issues including the timeline for staggered payment of Adjusted Gross Revenue-related dues which run into about Rs 1.6 lakh crore by telecom companies. The top court had in October 2019 delivered the verdict on the AGR issue for calculating government dues of telecom companies, such as Vodafone Idea, …

Supreme Court To Pronounce Judgment On The Payment Of AGR Dues By Telecom Companies Tomorrow
4 years, 6 months ago

Supreme Court To Pronounce Judgment On The Payment Of AGR Dues By Telecom Companies Tomorrow

Live Law  

Supreme Court will be delivering the judgement tomorrow on the issue pertaining to the payment of Adjusted Gross Revenue dues by telecom companies. On July 20, the Bench had reserved orders in the plea by the Department of Telecommunications against the October 2019, which sought to allow the telecom companies to make payments of the AGR dues in a staggered …

May Cancel Spectrum Licenses if Telcos Are Not Ready to Pay AGR Dues: SC
4 years, 6 months ago

May Cancel Spectrum Licenses if Telcos Are Not Ready to Pay AGR Dues: SC

News 18  

The Supreme Court Monday said it may order cancellation of spectrum allocation if telecom companies are not ready to pay the AGR-related dues owed to the government. A bench comprising Justices Arun Mishra, S Abdul Nazeer and M R Shah reserved the verdict on the point as to whether spectrum can be sold by the telecom companies facing proceedings under …

AGR : SC Asks DoT Details Of Spectrum Sharing Arrangements By Telecos; Adjourns Hearing Till Aug 24
4 years, 7 months ago

AGR : SC Asks DoT Details Of Spectrum Sharing Arrangements By Telecos; Adjourns Hearing Till Aug 24

Live Law  

The Supreme Court on Friday directed the Department of Telecom to apprise it by Saturday the basis of spectrum sharing done by telecom companies and how much is the liability of the sharers.The top court asked the secretary of DoT to file a specific affidavit apprising it about who was using the spectrum from the date of grant of license …

[AGR Case] Concerned That AGR Dues Will Be 'Wiped Out' In The IBC Process: SC
4 years, 7 months ago

[AGR Case] Concerned That AGR Dues Will Be 'Wiped Out' In The IBC Process: SC

Live Law  

The Supreme Court on Thursday remarked that it was wary of AGR-related dues owed to the Government being wiped out in light of the insolvency proceedings initiated by Telecom Companies. On August 7, the Top Court had reserved orders in the plea by Department of Telecommunications seeking to allow telecom companies to make payments of the AGR dues in a …

Supreme Court Expresses Concern Over Non-payment of AGR Related Due by Telecos Under Insolvency
4 years, 7 months ago

Supreme Court Expresses Concern Over Non-payment of AGR Related Due by Telecos Under Insolvency

News 18  

Expressing concern over non-payment of the Adjusted Gross Revenue related dues by the telecom companies which are under insolvency, the Supreme Court on Thursday said "without paying for the horse, telecos are taking a ride". The top court wondered can a liability like AGR related dues be wound up, under the guise of selling spectrum under the Insolvency and Bankruptcy …

[AGR Case] Premature For SC To Decide If Spectrum Can Be Sold; DoT Will Decide On Sale If Resolution Plan Succeeds: Salve For Jio
4 years, 7 months ago

[AGR Case] Premature For SC To Decide If Spectrum Can Be Sold; DoT Will Decide On Sale If Resolution Plan Succeeds: Salve For Jio

Live Law  

The Supreme Court continued hearing the case on adjusted gross revenue dues of telecom companies. Senior advocate Harish Salve, appearing for Reliance Jio, said that spectrum is not owned by Telecom Companies and that it cannot be sold without a nod from the DoT. On August 7, the Top Court had reserved orders in the plea by Department of Telecommunications …

[AGR Case] Reliance Jio Tells SC That It Has Paid Its Share Of AGR Dues & Spectrum Sharing Dues; SC To Continue Hearing Tomorrow
4 years, 7 months ago

[AGR Case] Reliance Jio Tells SC That It Has Paid Its Share Of AGR Dues & Spectrum Sharing Dues; SC To Continue Hearing Tomorrow

Live Law  

The Supreme Court on Tuesday was informed by Senior Advocate Harish Salve that Reliance Jio had already paid Rs 195 crore AGR dues and that if there were any remaining dues, if at all, they would be paid by Jio as well.Salve submitted before a bench of Justices Ashok Bhushan, S. Abdul Nazeer & MR Shah that the payment of …

[AGR Case] SC Seeks Centre's Response On Whether Reliance Jio Should Pay R-Com's Dues
4 years, 7 months ago

[AGR Case] SC Seeks Centre's Response On Whether Reliance Jio Should Pay R-Com's Dues

Live Law  

The Supreme Court on Monday asked the Department of Telecommunications, to file a detailed response on the issue of recovering Reliance Communications' Adjusted Gross Revenue dues from Reliance Jio.A bench of Justices Arun Mishra, BR Gavai & Krishna Murari told the Centre that there exists a difference of opinion between two of its ministers, to file a detailed response on …

Supreme Court Asks DOT to Apprise How it Will Recover AGR Dues From Telecos Facing Insolvency
4 years, 7 months ago

Supreme Court Asks DOT to Apprise How it Will Recover AGR Dues From Telecos Facing Insolvency

News 18  

The Supreme Court on Monday asked Department of Telecom to apprise it as how it plans to recover Adjusted Gross Revenue related dues from telecom companies facing insolvency proceedings and whether spectrum given to these companies can be sold. DoT told the top court that their stand is that the spectrum cannot be sold by the telecom companies facing insolvency …

SC warns against AGR dues’ reassessment
4 years, 8 months ago

SC warns against AGR dues’ reassessment

The Hindu  

The Centre and telcos on Monday assured the Supreme Court that they would not conduct any re-assessment or re-calculation of the Adjusted Gross Revenue dues. A Bench led by Justice Arun Mishra said it would not tolerate “even for a second” any attempt to re-assess the AGR dues which now stands at ₹1.6 lakh crore. The Bench observed that 15 …

"What Is The Guarantee That You Will Not Escape? SC Reserves Order On Plea Seeking Time For Staggered Payment Of AGR Dues By Telecom Companies
4 years, 8 months ago

"What Is The Guarantee That You Will Not Escape? SC Reserves Order On Plea Seeking Time For Staggered Payment Of AGR Dues By Telecom Companies

Live Law  

The Supreme Court on Monday reserved orders in the plea by Department of Telecommunications seeking to allow telecom companies to make payments of the AGR dues in a staggered fashion over 20 years.A bench of Justices Arun Mishra, MR Shah & S. Abdul Nazeer also made it clear that it shall not entertain any objections for re-assessment/ re-calculation of AGR …

SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'
4 years, 8 months ago

SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'

Firstpost  

‘The calculation that has been given by DoT is to be treated as final; there can be no scope of re-assessment,’ the Supreme Court held. The companies have been asked to pay the pending dues due to a Supreme Court ruling on 24 October last year when it upheld the government’s broader definition of AGR, on which it calculates various …

On the AGR issue, the court must keep in mind the greater common good | Opinion
4 years, 9 months ago

On the AGR issue, the court must keep in mind the greater common good | Opinion

Hindustan Times  

We all have grown up with the tales of emperor Vikramaditya embedded in our subconscious. The Supreme Court is one our finest institutions and has displayed great wisdom over decades in pronouncing thoughtful, well rounded judgments and meted justice with an unquestionable fairness to all concerned. Since then, though, the court seems to have adopted a “commercial” role in negotiating …

AGR : SC Asks Telecos To Submit Financial Documents [Read Order]
4 years, 9 months ago

AGR : SC Asks Telecos To Submit Financial Documents [Read Order]

Live Law  

The Supreme Court on Thursday directed telecom companies to submit their financial documents while considering a plea by the Department of Telecommunications to allow them to settle the AGR-related dues in a staggered fashion over 20 years.The bench, headed by Justice Arun Mishra, also allowed time to the DoT to consider the proposals of telecos. The Supreme Court on Thursday …

Decided To Withdraw 96% Of AGR-Related Demand Raised On PSUs : Centre Tells SC
4 years, 9 months ago

Decided To Withdraw 96% Of AGR-Related Demand Raised On PSUs : Centre Tells SC

Live Law  

The Centre on Thursday told the Supreme Court that the Department of Telecommunications has decided to withdraw 96 per cent of the Rs 4 lakh crore demand aised against non-telecom Public Sector Undertakings like GAIL based on the definition of Adjusted Gross Revenue given by the Supreme Court in its October 2019 judgment. Solicitor General Tushar Mehta told a bench …

DoT to withdraw 96% of Rs 4 lakh crore AGR dues against non-telecom PSUs: Centre informs SC
4 years, 9 months ago

DoT to withdraw 96% of Rs 4 lakh crore AGR dues against non-telecom PSUs: Centre informs SC

India Today  

Commercial coal block auction win-win for industry usersThe Centre on Thursday told the Supreme Court that the Department of Telecommunications has decided to withdraw 96 per cent of the Rs 4 lakh crore demand for AGR related dues raised against non-telecom PSUs like GAIL. A bench of justices Arun Mishra, S Abdul Nazeer and M R Shah was informed by …

20 Years Period To Clear AGR Dues Not Reasonable : SC On Centre's Plea To Allow Time For Telecos
4 years, 9 months ago

20 Years Period To Clear AGR Dues Not Reasonable : SC On Centre's Plea To Allow Time For Telecos

Live Law  

The Supreme Court on Thursday directed telecom firms that owe AGR dues amounting to over Rupees 1.43 lakh crore, to file affidavits stipulating a reasonable time frame for effectuating payment.A bench of Justices Arun Mishra, S. Abdul Nazeer & MR Shah took up an application filed by the Department of Telecommunications, proposing a staggered payment spanning over 20 years, for. …

SC Asks DoT To Reconsider Claims Made On PSUs Based On AGR Judgment; Says 'It's A Misuse Of Our Verdict [Read Order]
4 years, 9 months ago

SC Asks DoT To Reconsider Claims Made On PSUs Based On AGR Judgment; Says 'It's A Misuse Of Our Verdict [Read Order]

Live Law  

The Supreme Court on Thursday directed the Department of Telecommunication to reconsider the claims raised on Public Sector Undertakings on the basis of the October 2019 verdict in the case pertaining to AGR dues of telecom companies. "Our judgement could not have the basis for demands on PSUs", the bench observed.The bench also directed the telecom companies to file affidavits …

Totally impermissible: SC questions DoT demand for AGR dues from PSUs
4 years, 9 months ago

Totally impermissible: SC questions DoT demand for AGR dues from PSUs

India Today  

The Supreme Court Thursday termed as ‘totally impermissible’ the demand by Department of Telecom for dues of Rs 4 lakh crore in Adjusted Gross Revenue from PSUs and said DoT must consider withdrawing it. A bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah raised questions on the demand raised by the government from the PSUs and …

Airtel, Vodafone get temporary relief from DoT on AGR dues due to Covid-19 lockdown
4 years, 11 months ago

Airtel, Vodafone get temporary relief from DoT on AGR dues due to Covid-19 lockdown

India Today  

While coronavirus has created a lot of trouble for Indians, it has brought temporary relief to telecoms companies that were under pressure to pay hefty AGR dues. Airtel and Vodafone that were reeling under the demands for AGR dues now have temporary relief because Department of Telecom is busy with more pressing concerns and is going easy on this matter. …

DoT plea to seek 20 year time for payment of AGR bears cabinet stamp
5 years ago

DoT plea to seek 20 year time for payment of AGR bears cabinet stamp

India TV News  

The Department of Telecom's plea seeking 20 years time for operators to pay adjusted gross revenue dues was approved by the Cabinet, Union minister Sanjay Dhotre informed Parliament on Thursday. "Consequent to the approval by the Cabinet, an application has been moved before the Hon'ble Supreme Court on March 16, 2020, seeking, inter-alia, permission of the Hon'ble Court for the …

AGR dues: Telecom shares crack after SC pulls up Centre, telcos; Vodafone Idea plunges 40%, Bharti Airtel down 5%
5 years ago

AGR dues: Telecom shares crack after SC pulls up Centre, telcos; Vodafone Idea plunges 40%, Bharti Airtel down 5%

Firstpost  

Telecom shares came crashing on Wednesday, led by Vodafone Idea which plunged 40 percent, after the Supreme Court pulled up the Centre and telcos for doing self-assessment or reassessment of the AGR dues fixed by the apex court New Delhi: Telecom shares came crashing on Wednesday, led by Vodafone Idea which plunged 40 percent, after the Supreme Court pulled up …

Self-assessment a sheer violation: Supreme Court on Centre's plea on payment of AGR dues by telecos
5 years ago

Self-assessment a sheer violation: Supreme Court on Centre's plea on payment of AGR dues by telecos

India TV News  

The Supreme Court on Wednesday pulled up the Central government which had filed a petition seeking staggered payment of adjusted gross revenues dues by telecom companies. "Self-assessment of AGR payments is a sheer violation, sheer contempt," observed the apex court and said that it will consider the government's rescue plan on the next date of hearing. On Monday, the Department …

Supreme Court to hear Centre's plea on payment AGR dues by telecos
5 years ago

Supreme Court to hear Centre's plea on payment AGR dues by telecos

India TV News  

The Supreme Court on Wednesday will hear a plea by the Department of Telecommunications for staggered payment of adjusted gross revenues dues by telecom companies. Earlier this week, the government had approached the apex court seeking approval for a formula allowing telecom service providers to make annual installments of unpaid or remaining AGR dues in the next 20 years or …

DoT's suggestion to give telcos 20 years for AGR payment to help resurrect financially stressed sector: COAI
5 years ago

DoT's suggestion to give telcos 20 years for AGR payment to help resurrect financially stressed sector: COAI

Firstpost  

The DoT has raised total demand of around Rs 53,000 core for AGR liability of VIL which included interest, penalty and interest on delay in payment of the amount New Delhi: The telecom department’s proposal to allow telecom companies pay adjusted gross revenue dues in 20 years will improve their cash flow, and the decision to raise tariff by mobile …

AGR Judgment: DoT Moves SC Seeking 20-Yr Plan For Payment Of Dues By Telecom Companies
5 years ago

AGR Judgment: DoT Moves SC Seeking 20-Yr Plan For Payment Of Dues By Telecom Companies

Live Law  

"DoT has requested the SC to allow payment of dues in installments with an interest rate of 8% per annum" The Department of Telecommunications has filed a plea in the Supreme Court for modification of the order dated October 24, 2019 vis-à-vis arriving at a formula for recovery of past dues from telecom service providers. Accordingly, mode of recovery of …

Govt asks Bharti Airtel, Vodafone Idea, other telcos to pay balance AGR dues without delay: Report
5 years ago

Govt asks Bharti Airtel, Vodafone Idea, other telcos to pay balance AGR dues without delay: Report

Firstpost  

The government has so far received about Rs 26,000 crore from AGR payments, including adhoc/ buffer amounts given by telcos to meet any reconciliation differences with the telecom department New Delhi: The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, according to …

Govt asks Airtel, Vodafone Idea, others to pay balance AGR dues without delay: Sources
5 years ago

Govt asks Airtel, Vodafone Idea, others to pay balance AGR dues without delay: Sources

India TV News  

The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, according to sources. The telecom department wrote to all telcos asking them to pay balance dues "without delay" and submit detailed bifurcation of payments, which it said are necessary for proper reconciliation of …

Telcos pay over Rs 8,000 cr to govt in dues; DoT to write fresh letters to firms questioning AGR gap
5 years ago

Telcos pay over Rs 8,000 cr to govt in dues; DoT to write fresh letters to firms questioning AGR gap

India TV News  

Vodafone Idea, Bharti Airtel and Reliance Jio on Tuesday paid cumulative over Rs 6,000 crore to the government towards deferred spectrum dues while Tatas said it has deposited another Rs 2,000 crore for ad hoc statutory liabilities. While crisis-ridden VIL has paid about Rs 3,043 crore to the telecom department for deferred spectrum dues -- essentially instalment payments that are …

AGR Dues: 'Test checks' on AGR-hit telcos' dues assessment may start this week: DoT sources
5 years ago

AGR Dues: 'Test checks' on AGR-hit telcos' dues assessment may start this week: DoT sources

India TV News  

The "test checks" as promised by the government on AGR-hit telecom companies' dues assessment could start this week for large telcos, according to a senior DoT official. On Saturday, telecom operator Bharti Airtel said it has made payment of Rs 8,004 crore towards adjusted gross revenue dues to the government, an amount over and above Rs 10,000 crore it has …

AGR dues: No decision on relief to telcos at Digital Communications Commission meet
5 years ago

AGR dues: No decision on relief to telcos at Digital Communications Commission meet

Firstpost  

The crucial meeting of Digital Communications Commission on Friday could not arrive at a decision on relief to the distressed telecom sector and more details are required for reconciliation of AGR data, sources said New Delhi: The crucial meeting of Digital Communications Commission on Friday could not arrive at a decision on relief to the distressed telecom sector as government …

AGR dues: Telecom industry body COAI rings alarm bells; asks govt to ease terms for payment, cut in licence fee
5 years ago

AGR dues: Telecom industry body COAI rings alarm bells; asks govt to ease terms for payment, cut in licence fee

Firstpost  

Industry body COAI has sent out a distress signal to the government seeking easier terms for payment of statutory dues by telcos, including extension of loans at lower rates to cover AGR liabilities, as also fast implementation of floor prices, to rescue the troubled sector New Delhi: Industry body COAI has sent out a distress signal to the government seeking …

AGR dues: Tata Sons chief meets Communications Minister Ravi Shankar Prasad as DoT prepares to issue notice to Tata Teleservices
5 years ago

AGR dues: Tata Sons chief meets Communications Minister Ravi Shankar Prasad as DoT prepares to issue notice to Tata Teleservices

Firstpost  

Tata Teleservices has paid Rs 2,197 crore, the entire outstanding it believes to have arisen after the October ruling of the apex court for calculating dues. New Delhi: Amid the ongoing AGR crisis, Tata Sons Chairman N Chandrasekaran on Tuesday met Communications Minister Ravi Shankar Prasad, even as an official said the telecom ministry is prepared to issue a notice …

DoT seeks Rs 7,608 cr from GAIL in dues for FY18; Rs 1.83 lakh cr assessment not being pressed
5 years, 1 month ago

DoT seeks Rs 7,608 cr from GAIL in dues for FY18; Rs 1.83 lakh cr assessment not being pressed

Firstpost  

The DoT has sought Rs 7,608 crore in dues from GAIL India for 2017-18 as the department appeared to be not pressing for immediate payment of Rs 1.83 lakh crore in past dues it had previously assessed from the state-owned gas utility New Delhi: The DoT has sought Rs 7,608 crore in dues from GAIL India for 2017-18 as the …

DoT’s test checks on variations in telecom companies AGR dues standard audit procedure: COAI
5 years, 1 month ago

DoT’s test checks on variations in telecom companies AGR dues standard audit procedure: COAI

The Hindu  

Terming ‘test checks’ proposed by the government on telcos’ AGR arithmetic as standard audit procedure, Industry body COAI has said the DoT needs to ensure consistency among its different circles on calculation of dues to minimise any differences. Mr. Mathews termed the ‘test checks’ being proposed by the telecom department to examine deviation in calculation of dues by companies as …

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