Page 19 - Adjusted Gross Revenue

Payment of AGR dues to slash fiscal deficit to 3.5% in FY20: SBI economists

According to the revised budget estimates, the government expects a fiscal deficit of 3.8 per cent in 2019-20

Telecom AGR dues: RBI closely monitoring developments, says Governor Das

In an interview with PTI, Das said so far no red flags have been raised but the central bank continues to monitor the situation closely

I believe SC's AGR ruling does not apply to non-telecom PSUs: Pradhan

Oil Minister Dharmendra Pradhan on Monday said he believes non-telecom PSUs are not covered by the Supreme Court order that asked telecom licence holders to pay statutory dues after including non-telecom revenues. Following the October 24 Supreme Court ruling that non-telecom revenues of telecom firms such as Bharti Airtel and Vodafone Idea should be included for considering payments of government dues, the telecom department sought Rs 1.83 lakh crore from gas utility GAIL India Ltd, about Rs 48,500 crore from OIL, Rs 21,953.65 crore from Power Grid Corp and Rs 15,020 crore from Gujarat Narmada Valley Fertilizers & Chemicals Ltd. The government's demand from such companies was many times more than their net worth. "The Department of Telecommunications (DoT) has served notice to government oil companies due to some communication gap. We have placed our side after doing all legal consultations," Pradhan told reporters here. He went on to state that neither of the public sector ...

Telcos' AGR dues: Will decide after hearing from DoT, says FM Sitharaman

Addressing a press conference in Bengaluru, Sitharaman said: "In light of court's orders, the department is engaging with telecom companies after the reviews and I will wait to hear from the dept"

Vodafone Idea erases morning gains, ends flat after SC refuses its proposal

The Supreme Court had on Friday dismissed the petitions of Bharti Airtel and Vodafone Idea seeking a staggered option to pay their AGR-related dues

SC refuses to accept Vodafone Idea's proposal to pay Rs 2,500 cr by today

A bench headed by Justice Arun Mishra declined to accept the proposal given by senior advocate Mukul Rohatgi, appearing for Vodafone

Bharti Airtel makes payment of Rs 10,000 crore to DoT towards AGR dues

The company said it will make payment of the balance amount after self assessment exercise

AGR verdict: Data could be the new Onion, Mr Ravi Shankar Prasad

The need of the hour could be to let Vodafone-Idea continue with the business providing them an extended rope to make the payments over a period of time, than to kill the "goose"

Market Ahead, February 17: Top factors that could guide markets this week

According to report, telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for the adjusted gross revenue dues today

Top events of the day: Telcos to pay AGR dues, Coronavirus, and more

Bharti Airtel, Voda Idea and Tata Teleservices are jointly liable to pay dues of over Rs 1 trn, but they have informed the DoT of making only partial payment, according their to representatives.

Best of BS Opinion: Trump's India visit, SC blow on AGR dues, and more

From Trump's first India visit after Senate acquittal to SC blow on AGR dues, here are the opinion pieces of the day.

Without Voda Idea, Vodafone Group will become smaller than Airtel and Jio

Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain

Vodafone Idea to pay AGR dues, but raises going concern issue again

Telco provides no clarity on amount, says assessment in next few days

DoT mulls penal action against telcos for delay in payment of AGR dues

Telecom operators have to collectively pay Rs 1.47 trillion adjusted gross revenue (AGR) dues

Public sector companies with telecom licence also asked to pay AGR dues

OIL's notices are for 2007-08 to 2018-19 and the Rs 48,000 crore includes licence fee, penalties and interest

AGR case: Vodafone Idea proposes to pay statutory dues in next few days

Vodafone Idea said that the company's ability to continue as a going concern will depend on a favourable order on its modification plea filed before the apex court

AGR case: COAI says govt has vast powers to address telecom sector's issues

Of the three private players, market analysts consider Vodafone Idea to be in the most vulnerable position

Banks will have to pay a price if any telco files for bankruptcy: SBI chief

Rajnish Kumar said that SBI will not pass on the burden of the hike in premium of deposit insurance to its customers

SC order on AGR dues: RBI guv says will discuss internally if issues arise

When asked about the order, Das said it would be internally deliberated upon, if at all there are issues arising out of it

Dispute between DoT and telcos over AGR definition took turn in 2007

In 2007-8, Telecom Disputes Settlement and Appelate Tribunal had narrowed the scope of AGR. Following this, the then UPA government went into an appeal