The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, 2019.
OIL has received demand notices for the period from FY08 to FY19 amounting to over Rs 48,000 crore including licence fee, penalties and interest, the company said
Oil India Ltd (OIL) is the second oil and gas firm after GAIL India to have been slapped a demand notice. From gas utility GAIL, the DoT has sought Rs 1.72 trillion.
The DoT has sought Rs 1.72 trillion in past statutory dues from state-owned gas utility GAIL India Ltd
Department of Telecommunications will convey these suggestions to the Finance Ministry for consideration
On its part, GNFC is currently examining the demand notice by DoT as well as the SC judgment and seeking legal advice on the same
The meeting on Tuesday, chaired by Telecom Secretary Anshu Prakash, lasted for over an hour. An official with one of the telcos said that all operators attended the meeting.
"Cancellation of licence shall adversely affect the business," said a tribunal bench of MK Shrawat and Chandra Bhan Singh.
We will not interfere in their decision to raise tariffs but if the consumer is affected due to the increase we will intervene, says a senior DoT official
Experts also feel that the telecom industry is not ready for an auction and the government can instead explore other ways of making available the airwaves to companies
We have not received anything," Sharma said when asked if the DoT has approached Telecom Regulatory Authority of India
Officials said PGCIL, Gail, RailTel, Oil India, and DMRC are likely to be sent letters for paying the AGR that can run into crores
The relief package may include a cut in licence fee, a two-year moratorium on payment
The DoT has given option to telecom operators to clear all the dues on self-assessment basis
These companies may suddenly be given demand notices running into crores and they may object to DoT's not informing them for so many years about this
A DoT official privy to the development said instructions have gone to the licencing wing to carefully examine the implication of the apex court's recent ruling for all such companies
Whatever be the outcome of the AGR verdict on telcos, the government must deliver on its promise towards the other India
During the festive season of Dussehra and Diwali, Jio made its phone available at a special price of Rs 699, against the earlier price of Rs 1,500.
It is time to abandon the logic of telecom levies on operator revenues
SC says all revenues except termination fee and roaming charges will form part of AGR