On February 14, the Supreme Court had directed telecom companies to pay the AGR-related liabilities to the government by March 17
The Department of Telecommunications had sought to levy a one-time spectrum charge on telecom service providers
The DoT has sought to levy a one-time spectrum charge over 6.2 MHz held by the telco
In case of Vodafone Idea Ltd (VIL), the DoT is seeking over Rs 53,000 crore
Brijendra K Syngal, who is approaching the ninth decade of his life, reminds you that telecom policy was just as tumultuous years ago as it is now.
The market price of the telecom services provider was trading at its highest level since January 27, 2020.
The telecom service providers have been directed to make payments on the basis of self-assessment and submit requisite documents for compliance, MoS for communication said in RS
Says SC order did not specify quantum of dues to be paid
Tata Teleservices has paid about Rs 4,197 crore, while Rs 3.9 crore has been received from Reliance Communications
Emerging from a meeting with Telecom Secretary Anshu Prakash on Wednesday, Mittal said, 'They said pay full....we have paid full dues'
The SBI has reduced its fixed deposit rates for certain tenors and marginal cost of funds-based lending rates (MCLR) across various tenors
Amitabh Kant claimed that fixing a floor price is in "national interest" and would ensure that the sector is provided with much needed relief measures
According to an official with the Department of Telecommunications (DoT), numerous documents for multiple years have to be evaluated and cross-checked, making it a lengthy process.
The government, last week, had asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay.
Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets.
The National Company Law Appellate Tribunal (NCLAT) has dismissed the telecom department's plea citing delay in appeal against the NCLT order which held that the spectrum and licence of debt-ridden Aircel cannot be taken away during the insolvency resolution period. The Department of Telecommunications (DoT) had appealed against an order of the Mumbai bench of the National Company Law Tribunal (NCLT). In its plea, the DoT raised the issue as whether licence/spectrum to run a telecom company could be subject to moratorium during the insolvency proceedings or not. However, a three-member bench of the NCLAT held that the petition filed by the DoT was time barred under the provisions of Section 61 of the Insolvency & Bankruptcy Code, 2016. Under the IBC, any appeal against order passed by the NCLT could be filed before the appellate tribunal within 30 days and the delay which can be condoned for reasonable cause in the NCLAT is only 15 days. "This appeal was presented on February 20,
The two have batted for fixing of floor prices by Telecom Regulatory Authority of India (Trai) but with a rider
Telecom firm advised to pay up at least the principal amount before SC hearing
Earlier in the day, Vodafone Idea in a statement said it has already paid Rs 3,500 crore out of the "self-assessed" liability of Rs 21,533 crore
Beleaguered Vodafone Idea Ltd on Friday put its total dues to the government following a Supreme Court order at Rs 21,533 crore -- less than half of what the Department of Telecommunications (DoT) has estimated. On a day when Vodafone Group CEO Nick Read met top ministers, including Finance Minister Nirmala Sitharaman and Telecom Minister Ravi Shankar Prasad, the UK telecom giant's India joint venture, Vodafone Idea Ltd in a statement said it has already paid Rs 3,500 crore out of the "self-assessed" liability of Rs 21,533 crore. The DoT, following the Supreme Court ruling in October last year which said that all kinds of income generated by telecom companies will be considered for calculating government dues, had estimated Vodafone Idea's liabilities at over Rs 53,000 crore. On March 4, Minister of State for Communications & IT Sanjay Dhotre, in a written reply to a question in the Lok Sabha, stated that Idea Cellular owed the government Rs 15,230.37 crore and Vodafone Group of ..