AGR case: Government in opposition to giving aid to telecom corporations

by Jeremy Spirogis
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New Delhi. There are not any indicators of easing the issues of Airtel and Vodafone by way of AGR dues. On Sunday, the Finance Ministry objected to the telecom corporations being given aid in curiosity and penalty on AGR dues. Explain that on Sunday, a gathering of senior officers of the Telecom Ministry, Finance Ministry and NITI Aayog was held within the headquarters of the Department of Telecommunications, by which the officers of the Finance Ministry mentioned that any concession on cost of penalty will result in an incorrect message. And different related calls for may additionally come up in future. In this connection, a full assembly of the Multi-Ministry Digital Communications Commission is prone to be held today i.e. on Monday. <! –

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                 Explain that the Supreme Court has set the deadline of March 17 for telecom corporations to pay AGR. Out of its excellent of Rs 53000 crore, Vodafone has paid Rs 3500 crore and Airtel has Rs 10000 crore out of Rs 35,586 crore.

– AGR load might enhance on Airtel, know why

Total dues of Rs 1.47 lakh crore

Apart from Tata Telecommunications together with Airtel and Vodafone, your complete telecom sector together with another corporations owes Rs 1.47 lakh crore. This consists of previous license charges and spectrum utilization fees in addition to curiosity and penalties. It has a license charge of Rs 92,641 crore with an origin of Rs 22,589 crore. Telecom corporations owe spectrum utilization cost of Rs 55,054 crore. However, the federal government can be working swiftly to settle the matter by 17 March.

Struggle to avoid wasting all corporations

In the assembly held on Sunday, all of the officers agreed that each mandatory step must be taken to avoid wasting all the prevailing corporations. This will present essentially the most aid to Vodafone Idea, whose situation is the worst among the many three massive personal telecom corporations. According to a report within the Times of India, a high official mentioned that nobody or two corporations must be owned on this sector. Such statements have come earlier than from the federal government.

Also provide mortgage

At the assembly held yesterday, Telecom Secretary Anshu Prakash offered a presentation. There was additionally a proposal to provide mushy loans to telecom corporations in order that these corporations don’t face a money crunch and so they can simply repay the dues. In mushy loans, the phrases and circumstances are made handy for the debtors. But there was no consensus amongst officers on this proposal. However, an identical proposal was agreed to some extent by which loans from PSU banks or different establishments might be given to those corporations.

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