Will wait to hear from telecom department on AGR issue: FM Sitharaman

The ministry will look into startups' concerns on the applicability of easing ESOP norms

Finance Minister Nirmala Sitharaman on Monday said her ministry will 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 telecom companies after the reviews and I will wait to hear from the department to take a position," said Sitharaman who was in Bengaluru as part of post-budget consultation programme.

On the budgetary proposal to impose 1 per cent TDS (tax deducted at source) on ecommerce transactions, the Finance Minister said that this was not a new tax and the ministry has