The Supreme Court has opened a new front on Thursday by ordering telecom companies including Bharti Airtel and Vodafone Idea to present the financial details of the last 10 years. The apex court has fixed the matter for payment of adjusted gross revenue (AGR) arrears in July.
Recently, the court said that it does not make sense to demand an AGR dues of Rs 4 lakh crore from the public sector units of the government. Due to this, the Department of Telecommunications has withdrawn most of its demand. The department on Thursday told the Supreme Court that it has decided to withdraw 96 percent of the demand of Rs 4 lakh crore from non-telecom companies like GAIL and Power Grid Corp.
Solicitor General Tushar Mehta told a bench of Justices Arun Mishra, S Abdul Nazir, and MR Shah that the Department of Telecommunications had withdrawn the demand and submitted an affidavit, stating the reason for the demand for AGR from these PSUs
Has gone. The apex court had on June 11 directed the Department of Telecommunications to reconsider its demand for AGR recovery from PSUs. As per the Supreme Court order of 24 October, these PSUs were asked to pay the outstanding license fees and spectrum usage charges not only on the revenue related to telecom but also the total revenue.
DoT had asked GAIL to pay Rs 1.83 lakh crore and OIL Rs 48,489 crore. The revenue of their oil and gas business was also included to calculate the arrears on surplus bandwidth leased by these companies to third parties. AGR of Rs 21,953.65 crore was sought from Power Grid and Rs 15,019.97 crore from Gujarat Narmada Valley Fertilizer and Chemicals Litimed. AGR was also sought from RailTel and Delhi Metro.
The Department of Telecommunications has sought time from the Supreme Court to respond to affidavits filed by two telecom operators - Bharti Airtel and Vodafone Idea.
Senior advocate Mukul Rohatgi, who favored Vodafone India, said that the company had already paid Rs 7,000 crore to DoT. Rohatgi said that because of the current financial position of the company, it is not in a position to give any kind of bank guarantee. Vodafone Idea owes around Rs 53,000 crore. On March 6, the company said that it owes about Rs 21,533 crore to the government, while the estimated liability of Rs 53,000 crore is incurred on the company according to the assessment of the Department of Telecommunications. The company said that it has paid Rs 3,354 crore to the Department of Telecommunications under the AGR head.
Earlier, the company had paid Rs 3,500 crore. Bharti Airtel told the Supreme Court that it should be allowed to pay the outstanding dues to AGR within 20 years. The company said that it is an established company in the telecom sector and hence its credibility can be considered. In a joint affidavit, Bharti Airtel and Bharti Hexacon said that they have already paid Rs 18,004 crore to DoT. The affidavit states that this amount is 62 percent of the amount received from all companies as per the order of the department.
Both companies said that no additional security money should be taken from them during the proposed 20-year period. The Department of Telecommunications has received an amount of Rs 10,800 crore as a guarantee from these two companies. The Supreme Court on 24 October 2019 upheld the definition of Department of Telecommunications on AGR and with it 14 years between the government and telecom companies The ongoing dispute from there was closed. According to official estimates, the government owes Rs 1.47 lakh crore to the AGR item on 16 companies. Many of these companies have either consolidated their business or sold to others or are facing insolvency.
Russia Ukraine News: Will India oppose Putin under the pressure of quad countries in Russia-Ukraine war? know Expert View
As the Russia-Ukraine war continues, the challenges of Indian foreign policy are also increasing. America and its allies have started putting pressure on New Delhi regarding India's neutral policy and
PFI now gets a shock from the Supreme Court, a petition challenging the ban rejected; Got this advice
SC on PFI Popular Front of India (PFI), an organization banned under UAPA for anti-national activities, has received a setback from the Supreme Court today. The Supreme Court has refused to hear PFI's
Realme launched Realme C35 smartphone, in addition to 4 cameras, these features are available
Realme has launched another budget smartphone in India. This phone is Realme C35. Here we are giving you complete information about its features and offers available with it. The company has launched
Muslim employees got this exemption in Andhra Pradesh, uproar erupted in Telangana.
After the Congress-led Telangana government, the Telugu Desam Party (TDP)-led NDA government in Andhra Pradesh has also allowed all Muslim employees to leave their workplace one hour early during
Floating Restaurant Sank: Hong Kong's floating restaurant submerged in the sea, know how the accident happened and what is the situation like now?
Hong Kong's famous floating restaurant has submerged 1000 meters in the South China Sea. The incident took place near Paracel Island, Hong Kong. Due to unfavorable conditions, the main boat of this
PM Modi said- If even Baba Saheb cannot change the Constitution then how can we dare? Said this on Ram and Shakti
Prime Minister Narendra Modi went out to hold five rallies across the country on Tuesday. While giving this information to Gaya, he broke the protocol and also apologized. He took the mike in place of
Corona threat in the country and the world: If the corona ban was lifted in China, 5 lakh people moved, but cases did not come from 16 states of India
Since the end of the Zero Covid policy in China on January 8, the number of people coming and going from the country has crossed 5 lakhs. Which is 48% more than the time before the Covid policy was
Who's hand in increasing the hijab controversy: Advocates associated with Congress are advocating the Muslim side in court, this was revealed in Bhaskar's investigation
Senior advocate Devdutt Kamat is in discussion in the Hijab controversy. He is fighting the case of petitioners demanding the right to wear the hijab in the Karnataka High Court.
Weather Update: Cold wave in plains due to snowfall in Himachal-Uttarakhand, the mercury reached below zero
Due to snowfall on the high peaks of Himachal and Uttarakhand, the cold has increased in the plains. It is cold in the morning and evening. Snowfall started in Kedarnath, Badrinath, and
Prime Minister Modi Birthday: A book 'Letters to Mother' made from the pages of the diary Modi was burning 20 years ago; Read the story of his making, along with more stories ...
PM Narendra Modi has turned 70 today. Gujarat and before that his life is untold. Modi has recorded this untold period in the pages of his diary, but about 20 years ago he was burning it. During this
