Department of Telecom deposited AGR quantity to telecom firms

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

After the scandal of the Supreme Court on Friday night time, the Department of Telecom ordered the telecom firms to deposit the AGR quantity. By the best way, the division had given time until 11.59 pm on Friday night time to the businesses, however by writing a letter from Airtel

Has clarified his place and guaranteed to deposit your entire quantity earlier than the subsequent listening to. At the identical time, there’s a churn from Vodafone Idea that fulfill the order of Supreme Court and Department of Telecom? For your info, allow us to inform that each firms are operating in large losses. The telecom firms had additionally sought time from the Supreme Court, which the courtroom refused to provide. <! –

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Answer given by Airtel
The order of the Supreme Court and its telecom division, Ad Bharti Airtel, has requested to pay Rs 10,000 crore until 20 February within the AGR situation. The firm has written a letter to the member (finance) of the Department of Telecommunications saying that the remaining quantity may also be paid earlier than the subsequent listening to within the Supreme Court. Airtel has to pay Rs 35,586 crore beneath the AGR. According to the Supreme Court's order of 24 October 2019, the businesses needed to pay the AGR dues by 23 January. Talking concerning the complete mortgage, 15 firms owe Rs 1.47 lakh crore beneath the AGR head. Out of this, 92,642 crore rupees is within the type of license charge. The excellent spectrum utilization charge is Rs 55,054 crore.

Was not conscious
The Supreme Court on Friday mentioned in the course of the listening to how a authorities officer can reverse the decision of the Supreme Court? Then solely the Supreme Court needs to be closed from the nation. In reality, the Supreme Court made such a press release as a result of an officer of the Telecom Department had ordered that the businesses shouldn’t be pressured an excessive amount of to pay the excellent quantity. Nor ought to any punitive motion be taken in opposition to them. Oddly sufficient, the telecom minister Ravi Shankar Prasad was not even conscious of this situation. An order to not take punitive motion in opposition to defaulting firms within the cost of dues was issued with out the consent of Telecom Minister Ravi Shankar Prasad and the Secretary. Now the federal government is speaking about strict motion on this situation.

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