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

Hanuman Movie Review: 'Hanuman' played in Ramkaal of Kaliyuga, Desi Superman emerged from the valleys of Anjanadri.

For the devotees of Ram who were disappointed after watching the film version of Ramkatha 'Adipur

Pakistan won the tri-series before the World Cup: beat Bangladesh-New Zealand; Rizwan, Babar, and Nawaz won

Just 2 days before the T20 World Cup, Pakistan has got a big victory. He has won the tri-series.

PM Modi's blue tick on Twitter greyed out: Government Twitter accounts get gray verified tick; Rahul still has a blue tick

Changes have started appearing on Twitter under the new verification system. Blue ticks have been

Russia-Ukraine War: European Union again imposed new sanctions on Russia, blacklisted 200 people

The ongoing Russia-Ukraine war is not taking the name of ending. Meanwhile, the European Union (E

Doctor Murder Case: CBI begins investigation into female doctor murder case, special medical, forensic team reaches Kolkata

The CBI has started an investigation into the rape and murder of a woman at RG Kar Medical Colleg

Meta Layoffs: Layoffs again in Meta from today! Know which employees the social media company is preparing to throw out

The retrenchment of employees of Meta in India can start from today i.e. Wednesday. At least two

Jai Shri Ram: Jai Shri Ram will not be removed, the biased attitude of the censor board officer must be exposed to the world

The debate is going on in the Bombay High Court regarding the removal of the phrase Jai Shri Ram

Will 'Criminal Justice 4's Barkha Singh file a case against Shah Rukh Khan? You will be shocked to know the reason.

Actress Barkha Singh is active on OTT these days. Barkha, who was seen in the role of young lawye

Cruelty crossed the limits in Iran, a 20-year-old woman protesting against the hijab was shot in the face, and neck; Death

In Iran, women have taken to the streets to force the hijab. At the same time, another example of

Corona: Corona's new variant XBB 1.16, which is spreading rapidly in the country, has raised concerns, as revealed in INSACOG's data

There is a continuous increase in the cases of corona in the country. Meanwhile, the XBB 1.16 var