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
Telecom firm advised to pay up at least the principal amount before SC hearing
An implosion of the sector will have economy-wide ramifications. This is the last thing India needs now
Business Standard Opinion pieces for the day talk about government finances in the context of GST, along with other policy issues.
The company had posted a loss of Rs 1.35 crore for the quarter ended December 2019, compared to a profit of Rs 57 lakh in the same period a year ago
COAI's letter comes at a time when Vodafone Idea has reportedly made it clear to the govt that it won't be able to pay court mandated AGR dues in their entirety, unless a bailout is extended
If your landline connection is going dead, or you are unable to browse the internet at a high speed, despite paying for 4G, you are not the only one!
The order is part of govt's Public Procurement (Preference to Make in India) order 2017 which envisages to source domestically manufactured products to encourage 'Make in India'.
Clearly with the financial stress of telcos getting aggravated with the large imposts that they have to fork out due to the AGR order immediately, much of the bill will have be passed on to customers.
The ministry will look into startups' concerns on the applicability of easing ESOP norms
After SC blow, telecom firms need a decisive DoT
Pay-per-use model also popular; average plan of Rs 306 too expensive for most
All three sectors had lobbied hard but the Budget did not offer any respite
The move suggested by telcos, if executed, will bring in additional revenues of Rs 22,077 crore from Bharti Airtel, Vodafone Idea, and the Tatas in this fiscal year
Says it does not have to pay on all revenues but only for telco services
Jio had not been party to the review petition and had a different stance on the matter
Of the total AGR dues of Rs 13,823 crore, Rs 10,000 crore will be raised from banks by Tata Sons, while the remaining will be raised from internal accruals
Licence-linked dues from non-telcos should be reviewed
But tariff hikes will not translate instantly into ARPU growth
Half of the 390 million users may look at having one mobile number