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

NZ vs AUS: The pair of Cameron Green and Josh Hazlewood created history, and made a record-breaking partnership against New Zealand

Australia's Cameron Green and Josh Hazlewood created history against New Zealand on Friday. Green

Parliament Security Breach: Sagar's actions upset the family, police reached his ancestral house in Unnao; Uncle said this

Whoever heard the act of Sagar Sharma, a native of Peerjadigarhi locality of Purva, who broke ins

PM Modi: Trinidad and Tobago's parliament reverberated with thunderous applause. PM Modi had to stop his address 23 times

Prime Minister Narendra Modi addressed a joint session of the Parliament of Trinidad and Tobago o

Hijab Ban: A big decision on the Karnataka hijab ban may come soon, Supreme Court may pronounce the order this week

A big decision on the Karnataka hijab controversy may come before Supreme Court judge Justice Hem

Initiative: Translation of science journals in Hindi and regional languages also, Union Minister Jitendra Singh demands

Union Minister Dr. Jitendra Singh has lobbied vigorously in Parliament for the convenience of stu

BCCI Central Contract: Rahane-Ishant and Saha may lose the central contract, these players are at the forefront of the promotion race

The Board of Control for Cricket in India (BCCI) may soon release the list of players with centra

Paise Do Blue Tick Lo: Facebook and Instagram's paid service started, know the price

After Twitter's paid blue tick service, Meta also announced paid blue tick service. The company a

Sambhal Violence: Akhilesh Yadav's big statement on Sambhal violence, if you dig, you will 'lose' the harmony of the country.

Samajwadi Party chief Akhilesh Yadav has given a big statement on Sambhal violence. He said that

Waqf Bill: 572 amendments suggested in the Waqf Bill amid tussle between government and opposition; Clause-wise discussion in JPC meeting

The government and the opposition are face to face over the Waqf Amendment Bill. Meanwhile, membe

Bigg Boss 18: After divorcing from their ex-wife, Vivian Dsena found his 'princess', said- my attitude has changed

Vivian Dsena is one of the most loved and popular contestants of 'Bigg Boss 18'. The actor's vide