Supreme Court to hear the plea of telecom service providers seeking time to pay AGR dues amounting to Rs 1.47 lakh crore to the Govt.
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Watch SC to hear plea of telecom service providers seeking time to pay AGR dues With HD Quality.
Supreme Court to hear the plea of telecom service providers seeking time to pay AGR dues amounting to Rs 1.47 lakh crore to the Govt.
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Watch SC to hear plea of telecom service providers seeking time to pay AGR dues With HD Quality
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The Department of Telecommunications (DoT) has asked telcos and internet service providers to pay up license fees and spectrum usage charges after doing their individual assessments on the wider definition of adjusted gross revenue (AGR), as decided by the Supreme Court last month. ET NOW's Nayantara Rai brings all the details. As per DoT's calculations submitted to the SC middle of July, 15 telcos owed nearly Rs 93,000 crore in license fees, penalties and interest. Additionally, telcos owe over 41,000 crore in SUC charges.
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The Supreme Court will on Tuesday hear a plea by the CBI seeking arrest of Bengal police commissioner Rajeev Kumar in connection with the Sarada chit fund case. The CBI had tried to arrest him on Sunday prompting Bengal police to arrest the CBI team.
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The Supreme Court Thursday agreed to hear on April 8 a Congress leader's plea seeking stay on release of a biopic on Prime Minister Narendra Modi. A bench headed by Justice S A Bobde said it will hear the plea on Monday.
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#Easeofdoingbusiness #moratorium #PiyushGoyal
4yrs moratorium to telco dues allows to transform
The four-year breather from payment of regulatory dues offered as part of the telecom relief package allows operators time to transform and repair, and may cool off price wars and the reforms send out a strong message to the global community, and are expected to bolster the confidence of investors and lenders in the telecom sector. The Union Cabinet recently approved a blockbuster relief package for the stressed telecom sector that includes a four-year break for companies from paying statutory dues, permission to share scarce airwaves, change in the definition of revenue on which levies are paid and 100 per cent foreign investment through the automatic route. The measures, aimed at providing relief to companies such as Vodafone Idea Ltd that have to pay thousands of crores in unprovisioned past statutory dues, also include the scrapping of Spectrum Usage Charge for airwaves acquired in future spectrum auctions.
The four-year timeframe is a good enough period to sort out industry's issues on pricing. Operators have four years to transform themselves, which is significant. Players are competent enough to transform themselves. Operators may continue to skim off the bottom or base plans, and attempt to get more 'wallet share' through a wide range of services. As such, AGR re-definition has paved the way for bundling of more non-telecom products like OTT, games, devices. With this all the operators will be able to sort out their costs and margins, over the next four years. Experts said, Total of a four-year moratorium means, about three years post 5G launch and that is a good enough period for any organisation to transform, restructure and come out of current challenges. This is likely to continue even as the market enters the 5G era. Going forward, operators may not bid for all bands in 5G auctions and, instead, will choose what
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Telecom sector के इतिहास का सबसे बड़ा घाटा। घाटे की वजह बना Adjusted Gross Revenue (AGR) की नई परिभाषा। Vodafone-Idea को हुआ 50,921 करोड़ रुपये का घाटा। Airtel ने भी दिखाया 23,044 करोड़ रुपये का नुक्सान।दिवालिया हो सकती है Vodafone-Idea. #AGR #Vodafone #Airtel
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Vodafone Idea and Bharti Airtel reported a combined loss of Rs 74,000 crore on Thursday. It is the biggest ever loss for both telecom firms, as they made provisions following the recent Supreme Court ruling on adjusted gross revenue (AGR). Will Voda Idea and Airtel weather this storm or will Indian Telecom Sector move towards a duopoly. ET's Gulveen Aulakh explains how bad the situation is for these companies. Watch
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CCP Wants More Time To Pay Market Electricity Dues
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Telecom Industry के घाटे ने बढ़ाई बैंकों की टेंशनLosses of telecom companies increase banks' tension
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