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 Due to this, the Department of Telecommunications has withdrawn most of its demand.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Mehta told a bench of Justices Arun Mishra, S Abdul Nazir, and MR Shah that the Department of Telecommunications had withdrawn the demand and submitted an affidavit, stating the reason for the demand for AGR from these PSUs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.
Tracking of alcoholics in Bihar: If caught drinking alcohol for the first time, you will be fined, but will remain an alcoholic for life in government records
Yaara o Yaara...Daru has killed...I am now-infamous...! Yes, the same fate will happen to those who drink alcohol in Bihar. Even if you don't drink it for the first time amid mistake and omission and
Ram Sethu: Demand to declare 'Ram Setu' as national heritage, Supreme Court asked - Why is the Center backing out?
BJP leader Subramanian Swamy has filed a petition in the Supreme Court seeking to declare the historic Rama Setu in Tamil Nadu as a national heritage monument. When the central government sought time
Red Fort Violence 2021: Bigger disclosure than charge sheet, 'farmers' wanted to make Red Fort a picket site
The Delhi Police has made a big disclosure about the violent demonstration on the Red Fort during the Farmers Tractor Parade on 26 January on Republic Day. According to the charge sheet presented in
North Korea: NATO-like agreement between Russia and North Korea, if one country is attacked, the other country will immediately provide military help
The world is already going through a period of tension. Now such news has come out, which has further increased the possibility of conflict. Russian President Vladimir Putin has made a historic
Despite death and mourning in Morbi, why do people want the same bridge as before, will the suspension bridge be built again..?
The British-era suspension bridge collapsed in Morbi on October 30, killing 135 people. Known as 'Julto Bridge', this bridge was called the Taj of Morbi. This was Morbi's biggest identity. It's been a
Raghuram Rajan On Rahul Gandhi: "Not Pappu, Rahul Gandhi is a Smart and Curious Person" Raghuram Rajan Praises
Former Reserve Bank of India (RBI) Governor Raghuram Rajan has openly praised Congress leader Rahul Gandhi. Raghuram Rajan said that Rahul is not Pappu, he is a smart leader. Rajan termed his bad
Commanders Conference: Biennial Commanders Conference will be held for the first time on INS Vikrant, Rajnath will address
Defense Minister Rajnath Singh and top commanders of the Indian Navy will comprehensively review India's maritime security challenges at a major conference to be held on board the indigenous aircraft
India Vs West Indies 2nd Test: India 288/4 on the first day, Virat 13 runs away from 29th century, 106 runs partnership with Jadeja so far
The second and final match of the two-Test series between India and West Indies is being played at Port of Spain. Batting first after losing the toss, India scored 288 runs for four wickets till the
UP Election 2022: Kejriwal is the terrorist who heard the dialogue of Gabbar Singh, said Delhi CM; Taunt on Kumar Vishwas
Describing a new type of terrorist, the Chief Minister of Delhi and the Chief Minister of Aam Aadmi Party have said that he is such a terrorist that the corrupt are afraid of. During this, he also
Anupam Kher, furious at the suggestion to put 'The Kashmir Files' on YouTube, said- 'Those who are making fun of them...'
Vivek Agnihotri's film 'The Kashmir Files' is growing at a great pace at the box office. The film has earned more than 200 crores in 13 days. This film has also broken the record of Akshay Kumar's
