Relief to PSU on AGR


Posted on 12th Jun 2020 04:38 pm by rohit kumar

Public sector undertakings including Oil India, GAIL, and Power Grid Corporation have received huge relief from the Supreme Court directive. The apex court has directed the Department of Telecommunications to reconsider the demand for adjusted gross revenue (AGR) payments from public sector undertakings (PSUs). The telecom department had asked these PSUs to pay the dues of a license fee and spectrum usage charges not only based on telecom related revenue but also based on total revenue, as per a court order dated October 24, 2019.

 

The department had demanded Rs 1.83 lakh crore from GAIL and Rs 48,489 crore from Oil India. The revenue from their oil and gas business is also included in the calculation of the outstanding amount. Similarly, Power Grid was asked to pay Rs 21,953.65 crore and a notice of liability of Rs 15,019.97 crore was sent to Gujarat Narmada Valley Fertilizer & Chemicals. Similar demands were made from Rail Tel and Delhi Metro.

 

The apex court today asked DoT to reconsider the outstanding demand from PSUs. The court asked the department on what basis the dues have been sought from the PSU, whereas our order was not related to the PSU.

 

The court said sternly, "Our order did not say anything about public undertakings. In such a situation, who gave the authority to demand from the PSU? What is all this happening in the name of our order… demand from PSUs should be withdrawn. How can we ask for arrears even when it is not discussed in our order. The government should explain how our order was used for this purpose. This is an abuse of order. '

 

DoT has sought a total of Rs 2.7 lakh crore AGR from GAIL and other non-telecom PSUs. On 4 March, the court separated the PSU from its order on AGR and directed them to seek relief at the appropriate stage. For telecom companies - Bharti Airtel and Vodafone Idea, the court was asked to submit a payment blueprint. In response, both companies said that they have been given some time to pay AGR dues and the government can cancel their telecom license if the payment is not made. To this, the court said, "No one has seen the next 20 years, only the promise cannot be granted." Bharti Airtel said it has paid Rs 18,000 crore.

 

Vodafone Idea owes Rs 53,000 crore. She said that she does not have the money to pay and should be given some time. He also said that the license can be canceled if the company fails to pay.

 

The apex court questioned the decision of DoT on seeking AGR dues from PSUs. The central government acknowledged the difference in license between telecom companies and PSUs.

 

The court asked the Department of Telecommunications to clarify the situation on placing the demand within three days of the order. The court asked the telecom companies if they were ready to submit the bank guarantee in the event of the license being canceled. The court will now hear the AGR case on 18 June.

1 Like 0 Dislike
Previous news Next news
Other news

5G Spectrum Auction: Auction of 5G spectrum begins, Ambani and Adani companies face to face

The online auction process for the 5G spectrum in the country has started today. Four companies i

World Blood Donor Day: Blood donation is helpful in reducing heart diseases, know other health benefits of it

Globally, millions of people die every year due to unavailability of timely blood. In India too,

Bhaiyya Ji Trailer: Trailer of Manoj Bajpayee's film 'Bhaiyya Ji' released, destroyed evildoers with a shovel

The trailer of Manoj Bajpayee's hundredth film 'Bhaiya Ji' has been released. This film is going

IND vs ENG Test: Arshdeep injured in practice session, Indian team will reach Manchester on 19th; Update on Pant's injury

After the defeat in the Lord's Test, once again the discussions have gained momentum whether fast

Realme Upcoming Phone: Realme 9i 5G is coming to rob the gathering this month, this may be the price

Realme 9i 5G Features: Realme will introduce its 9i 5G smartphone in India later this month, but

Jahangirpuri Riots: After the violence in Jahangirpuri, the situation is under control, and a team of forensics is on the spot for investigation.

After the violence in Delhi's Jahangirpuri on Saturday evening on Hanuman Janmotsav, the situatio

'We want a young PM', Gen-Z, divided into many factions, put forward a new demand, now who will become the new head of Nepal?

In the deepening night, for a new dawn in Nepal burning in the Gen-J movement, an all-party conse

Vladimir Putin: Russia's statement came on the arrest warrant against Putin for war crimes, know what he said

On the International Criminal Court (ICC) arrest warrant against Russian President Vladimir Putin

Why America was shocked by China's hypersonic test, what is its big merits, know expert view

These days the discussion of China's hypersonic missile is in full swing. China has tested a stat

Rahul Gandhi surrounded the issue of misbehavior with MP, Women's Commission urged Birla and Dhankar to take action.

In the wake of BJP MP Phangnan Konyak's complaint of misbehavior during a protest in the Parliame

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash