Page 10 - Adjusted Gross Revenue
Reimagining GST for the post-Covid era
Revival of economic activity should overwhelm its agenda
 "Reimagining GST for the post-Covid era")
Tata Tele to sell residual businesses to repay banks, gets promoter support
Tata Sons infused about Rs 46,595 crore in Tata Teleservices between January 2014 and December 2019
 "Tata Tele to sell residual businesses to repay banks, gets promoter support")
Decide on floor price for tariffs to ensure sustainability: Telcos to Trai
COAI, whose members include Bharti Airtel, Vodafone Idea and Reliance Jio, has written to Trai seeking an open house discussion on the issue "at the earliest"
 "Decide on floor price for tariffs to ensure sustainability: Telcos to Trai")
Market Ahead, May 19: Top factors that could guide markets today
Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings
 "Market Ahead, May 19: Top factors that could guide markets today")
Bharti Airtel posts consolidated loss before tax of Rs 7,010 crore in Q4
During the quarter, the company took an exceptional charge of Rs 7,004 crore mainly on account of the re-assessment of interest on licence fee, and spectrum usage charges (including interest on AGR).
 "Bharti Airtel posts consolidated loss before tax of Rs 7,010 crore in Q4")
Vodafone PLC liability for AGR capped at Rs 8,400 cr, blames SC order
Vodafone says its share in Vodafone Idea is worth zero
 "Vodafone PLC liability for AGR capped at Rs 8,400 cr, blames SC order")
Reliance Jio reports 127% jump in profit before tax to Rs 2,931 crore in Q4
At the net profit level, aided by lower interest costs, the company recorded a growth of 73 per cent on a sequential basis and nearly trebled over the year-ago period.
 "Reliance Jio reports 127% jump in profit before tax to Rs 2,931 crore in Q4")
Relief to Vodafone Idea as SC orders Rs 733-crore income tax refund
Vodafone Idea, which is facing a financial crisis after the apex court ordered it to pay AGR dues and penalties totalling Rs 53,000 crore, will, however, have to wait for other refunds
 "Relief to Vodafone Idea as SC orders Rs 733-crore income tax refund")
Voda Idea's viability remains clouded despite near-term liquidity support
'Longer term viability of VIL continues to remain under cloud,' noted Credit Suisse in a report
 "Voda Idea's viability remains clouded despite near-term liquidity support")
Vodafone-Idea parent makes $200 mn advance payment amid coronavirus crisis
The payment was due in September 2020 under the terms of the contingent liability mechanism with Vodafone Idea
 "Vodafone-Idea parent makes $200 mn advance payment amid coronavirus crisis")
The telecom test
A nationwide lockdown is putting pressure on network
 "The telecom test")
Telecom duopoly will be bad for economy
A hike in tariffs is guaranteed. But it would not necessarily lead to higher ARPU
 "Telecom duopoly will be bad for economy")
Govt is well aware of implications if relief not provided to telcos: COAI
Industry body COAI on Friday said the government is well aware of implications of leaving the stressed telecom sector without a relief package, as it urged policymakers to use "tools" available to find appropriate solutions expeditiously. "The industry is in urgent need of relief measures, and we urge the government to come up with appropriate solutions expeditiously and resolve the matter," Cellular Operators' Association of India (COAI) Director General Rajan Mathews said. On Wednesday, the apex court rejected the telcos' self-assessed adjusted gross revenue (AGR) dues and ordered them to pay the principal together with interest and penalties. It stated that non-payment of dues would tantamount to contempt of court. "The government can exercise the tools that are available and move forward on that basis," Mathews said. Telecom companies such as Bharti Airtel, Vodafone Idea and Tata are in a bind as their combined self-assessment of dues to the government are a whopping Rs 82,300
Best Of BS Opinion: Long-term growth, AGR dues, YES Bank saga, and more
Kanika Datta brings you top opinion pieces of the day
 "Best Of BS Opinion: Long-term growth, AGR dues, YES Bank saga, and more")
AGR dues: Supreme Court lashes out at DoT, telcos; says must pay all dues
It ordered the telecom department to immediately withdraw the move of allowing self-assessment of dues
 "AGR dues: Supreme Court lashes out at DoT, telcos; says must pay all dues")
Take the call
Govt should find a way to save the telecom sector
Airtel, Voda-Idea to pay Rs 7881 crore a year if AGR is staggered
Bharti Airtel has already paid Rs 18,000 crore of its AGR dues
Self-assessment of Airtel, VIL, Tata AGR dues short of DoT's math
In all, AGR dues calculated by the government for 16 entities add up to Rs 1.69 trillion , while telcos' self-assessment place their dues at a mere Rs 37,176 crore
Top headlines: S&P cuts India's growth forecast; updates on Covid-19 cases
From RBI considering relaxing bad loan rules to DoT's appeal for AGR relief to telcos, Business Standard brings to you the top headlines of the day
 "Top headlines: S&P cuts India's growth forecast; updates on Covid-19 cases")
SC pulls up Centre, telecos for self-assessment of AGR dues fixed by court
A bench of Justices Arun Mishra, S A Nazeer and M R Shah refused to take up the Centre's plea for allowing telecom companies to pay AGR dues in 20 years
