AGR dues: Will wait to hear from DoT, says FM Nirmala Sitharaman

Finance Minister Nirmala Sithara­man said her ministry would wait to take a view on the adjusted gross revenue (AGR) issue after hearing from the telecom department. “In light of court’s orders, the depart­ment is engaging with telcos after the reviews and I will wait to hear from the department to take a position,” said Sitharaman. Reserve Bank of India Governor Shaktikanta Das said the central bank was closely monitoring the fallout of the crisis on lenders by way of a default, if any, by telcos.