Vodafone-Idea deposited AGR installment on Thursday
Vodafone-Idea shares surge as quickly as they set up installments
The inventory rose greater than 5%
Vodafone-Idea firm has the best quantity of AGR
Raj Express Troubled by the excellent adjusted gross income (AGR) following the courtroom's determination, telecom firm Vodafone Idea not too long ago submitted an installment of the AGR to the federal government to reject the petition by the courtroom. Under this installment, the corporate paid Rs 1 thousand crore to the federal government on Thursday. At the identical time, the inventory of the corporate was seen on Thursday solely. <! –
Actually, Vodafone-Idea firm is essentially the most in bother after the courtroom order, as a result of Vodafone-Idea firm has the best quantity of AGR. Recently, the corporate stated in a press release that the corporate pays a few of its AGR quantity of Rs 53,038 crore to the federal government on the approaching Friday i.e. February 21. At the identical time, the corporate has deposited an installment of Rs 1 thousand crore of AGR quantity as per its say. After the compensation of this installment, the inventory of Vodafone-Idea has seen a growth. Yes, on the fourth Thursday of the week, the corporate's inventory had risen by greater than 5%. Whereas the shares of the corporate had reached 48% the day earlier than.
Vodafone Idea makes Rs 1,000 crore fee to Telecom Department in the direction of statutory dues: Source
– Press Trust of India (@PTI_News) February 20, 2020
One time settlement plan supplied:
Looking on the telecom firms upset over the fee of AGR, former Finance Secretary Subhash Chandra Garg advised to the federal government to current a one-time settlement plan. He stated that the federal government ought to current a one-time settlement plan for telecom firms to pay the principal quantity underneath the AGR, which might even be exempt from curiosity and penalty to firms. Let us know that the AGR quantity consists of the utilization and licensing charges from telecom firms. The license payment of Vodafone Idea's AGR is Rs 28,309 crore and SUC is Rs 24,729 crore.
AGR of different firms:
53,000 crore over Vodafone-Idea, this quantity consists of license payment of Rs. 28,309 crore and SUC of Rs. 24,729 crore.
35 thousand crore rupees on Bharti Airtel, out of which the corporate paid Rs 10,000 crore. This quantity consists of the corporate's license payment of Rs 21,882 crore and SUC of Rs 13,904 crore.
This quantity of Rs 13,800 crore on Tata Teleservices consists of the corporate's license payment of Rs 9,987 crore and SUC of Rs 3,836 crore.
Rs 4,989 crore on BSNL
3,122 crores on MTNL