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Tag: Agr Dues

Supreme Court
SC Dismisses Telcos Plea Seeking Correction In AGR Calculation

The top court, which had held that demand raised by the DoT in respect of AGR dues will be final, had said there shall be no dispute raised by the telcos and there shall not be any re-assessment.

GoI, DoT To Get Zero Proceeds Against AGR Dues Of Rs 30K Cr In RCom

New Delhi: Chinese banks will get the lions share of Rs 7,000 crore or 30 per cent in the Reliance Communications Limited (RCom) and Reliance Telecom Limited (RTL) resolution plan while the Department of Telecommunications (DoT) will get zero proceeds. The Government of India and the DoT against the AGR dues of Rs 30,000 crore […]

Central Govt
Big Relief For PSUs: Centre To Withdraw 96% Of AGR Dues

New Delhi: The Centre on Thursday informed the Supreme Court it is willing to withdraw 96 per cent of the Rs 4 Lakh crore dues pending against various PSUs in the adjusted gross revenue (AGR) matter. Solicitor General Tushar Mehta, representing the Centre, told a bench headed by Justice Arun Mishra that the Centre is […]

Telecom sector
Govt to take action for non-payment of AGR dues

New Delhi: The government has directed the telecom service providers (TSPs) to make payments as per the Supreme Court judgment on AGR and in case of non-payment action will be taken as per licence agreements. This was stated in reply to a question in Lok Sabha on Wednesday by Minister of State for Communications Sanjay […]

Airtel Pays Rs 10,000 Crore To Govt Towards AGR Dues

New Delhi: With the government coming down heavily on telcos after the Supreme Court’s rap, Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards statutory dues. The company said it will make payment of balance amount after self-assessment exercise. “The…amount of Rs 10,000 crore has been paid on […]

DoT May Encash Bank Guarantees Of Telcos On Not Paying AGR Dues

New Delhi: The government may take action in terms of encashing the bank guarantees of Telecom Service Providers (TSPs) in case they “immediately” fail to pay their spectrum usage charges and the license fees in compliance with the Supreme Court order of October 24 last year. In letters to different telecom circles, the zonal telecom […]