AGR case: Airtel paid Rs 8000 crore

by Jeremy Spirogis
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New Delhi. Airtel has made one other fee of Rs 8004 crore as AGR to DoT. With this, the overall AGR quantity paid by Airtel to the federal government has gone as much as Rs 18,004 crore. In the newest fee, Airtel has paid Rs 3004 crore as full and last fee on the idea of its self evaluation. While Airtel has deposited Rs 5000 as 'ad-hoc fee', which could be refunded by DoT after evaluating its estimate with the telecom firm's estimate. According to the federal government's knowledge, Airtel has an excellent AGR of Rs 35000 crore. <! –

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                 Airtel has already paid greater than half the AGR by way of authorities estimates.

– Voda Idea: Whether or not it is possible for you to to pay AGR

How is Vodafone's situation

Reliance Jio was the primary telecom firm to pay its excellent AGR in full. Jio owed AGR of Rs 195 crore. At the identical time, Vodafone has an AGR of greater than Rs 53000 crore, out of which the corporate may solely earn 3500 crore rupees. On the opposite hand Tata Teleservices has paid Rs 2,197 crore as per its self-assessment and has submitted the small print of AGR calculation to the federal government. The situation of Vodafone stays very crucial on this matter.

No reduction from the federal government

The authorities has additionally withdrawn its January 23 order during which it determined to not take stern motion in opposition to the telecom corporations. The authorities had determined to not take strict motion in opposition to the telecom corporations for failing to satisfy the court-directed deadline to pay the dues. The Department of Telecommunications has mentioned that it’s directed to take vital motion instantly in compliance with the Supreme Court's October 24 choice. However, the federal government has given such indications that the financial institution assure of the telecom corporations is not going to be forfeited.

Vodafone will take 15 years

Recently, Vodafone mentioned that it might take 15 years to repay its excellent AGR. Vodafone Idea has positioned many calls for earlier than the federal government to remain in business. Vodafone calls for that from 1 April 2020 the minimal cost for cell knowledge must be Rs 35 per GB. At the identical time, the minimal cost of the month must be mounted at 50 rupees. All telecom corporations have already raised their prices in December.

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