CAG Report: Tata Communications Limited hid its earnings, the government felt the loss of so much money

Posted on 9th Aug 2022 02:23 pm by rohit kumar

The Comptroller and Auditor General (CAG) of India, in a report released on Monday, claimed that a company of the country's trusted Tata Group underreported its gross revenue between 2006-07 and 2017-18, During the period, he had to pay less by about Rs 645 crore towards license fee and the government lost this amount of money.

 

 

The name of the Tata Group company on which the CAG has made these allegations is Tata Communications Limited. The CAG has said in its report that this amount should be recovered from TCL.

The CAG has observed that an audit of the Profit and Loss Statement and Balance Sheet of TCL during the period 2006-07 to 2017-18 reveals that the gross revenue of the company during this period was Rs.13252.81 crore.

 

Due to this the company had to pay Rs 950.25 crore as a levy but paid less than the company. According to the CAG report, the DoT received only Rs 305.25 crore as a license fee from the company.

 

The report said that the license fee sought by DoT from TCL was Rs 645 crore less than what it should have asked for. According to the CAG, this amount should be recovered from Tata.

 

Also Read: Jyotiraditya Scindia: 'By 2027 there will be 1200 passenger planes in India, the number of passengers will cross 400 million

Other news

Punjab Police alert regarding Amritpal Singh's Sarbat Khalsa Sabha, policemen's leave canceled till April 14

The Punjab Police has canceled the leaves of policemen till April 14 after separatist and Waris P

APP vs BJP: BJP counterattacked on Kejriwal's Hindutva card, said- "This is wrong"

Before the Gujarat elections, the political battle between the Aam Aadmi Party and the BJP has no

'Just want to win..' A special message from mother and sister to captain Shreyas Iyer before the IPL 2025 Final

The final match of the 18th season of the Indian Premier League (IPL) is to be played today. Wher

Hit & Run Law: Reconciliation between government-transporters; Drivers will return to work immediately, strike ends after assurance

Life was badly affected amid outrage against the new law on hit and run. Transporters went on a n

'Who Kangana?', Annu Kapoor reacted to Kangana Ranaut's slapping incident, and people were surprised to hear the answer

Bollywood actor Annu Kapoor is in the headlines these days for his film 'Hamare Baarah'. There ha

Russia-Ukraine War: Russia will increase its military capacity in Ukraine, emphasis on increasing the number of armed forces

Russian President Vladimir Putin said on Wednesday that we would further develop our military cap

RG Kar Case: Hunger strike continues for the 10th consecutive day demanding justice, another doctor's health deteriorates

There is still anger across the country over the horrific incident that happened with the female

Mahakumbh 2025: Other religious places in UP also became lively due to Maha Kumbh, 26 lakh devotees gathered in three days

Devotees from the country and abroad arriving at Prayagraj Maha Kumbh are also flocking to other

Weather Update Today: IMD alert regarding cyclone, heavy rain warning in these states, know today's weather

Once again a change in the weather can be seen in the country. Monsoon has returned in most parts

Ira Nupur Wedding: Aamir Khan's daughter Ayra chose no gift policy, and said - to donate to her NGO instead of a gift

Aamir Khan's beloved daughter Ayra Khan is going to tie the knot with her boyfriend Nupur Shikre.