Indian telecom service providers' hopes to get relief from paying levies on adjusted gross revenue might get dashed on the Union finance ministry's revenue concerns, according to two senior officials close to the discussions. AGR is the revenue telecom operators earn from their core services, such as mobile and internet services, and licence and USO fees are charged on it. …
Selling diesel at ₹20-25 a litre below cost and petrol at ₹14-18 per litre below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry and has sought its intervention to create a viable investment environment. On June 10, …
Highlights Govt is committed to reduce imports and promote self-reliance in defence sector, says FM Sitharaman FM said that 68 per cent of capital for defence sector would be earmarked for the local industry Sitharaman also said that 5 pc of USO Fund would be provided for R&D and technology upgradation The government is committed to reduce imports and promote …
