Page 12 - Adjusted Gross Revenue

AGR: NITI Aayog does a flip-flop on minimum floor price for telcos

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

AGR dues: Evaluation of telcos self-assessment may take 6 months, says DoT

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.

Telcos' self-assessment of AGR dues may at least take 6 months: Report

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.

Top business headlines: ONGC m-cap plunges, crude oil dives, and more

Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets.

'Delay in appeal': NCLAT dismisses DoT's plea in Aircel moratorium issue

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,

Exempt telcos with under 15% mkt share from floor price norms: BSNL, MTNL

The two have batted for fixing of floor prices by Telecom Regulatory Authority of India (Trai) but with a rider

Voda Idea puts AGR dues at Rs 21,533 cr as Nick Read calls on FM Sitharaman

Telecom firm advised to pay up at least the principal amount before SC hearing

Voda Idea pegs dues at Rs 21,533 cr, CEO meets govt for 'new beginning'

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

Vodafone Idea pegs dues at Rs 21,533 cr, less than half of DoT estimate

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 ..

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From the State Bank of India exploring opportunity to pick up stake in YES Bank to RBI Deputy Governor deciding to step down, Business Standard brings you the top headlines of the day

AGR dues: Telcos approach DoT to rope in CAG to simultaneously audit books

The demand makes sense, given the huge gap between what the operators, based on their assessment of the dues, are paying as compared with the DoT's demand

AGR dues: Centre rules out any bailout package specifically for Voda Idea

Vodafone Idea has has maintained it would not be possible to continue as a going concern without any relief from the government on payment of AGR dues

Action will be taken if telcos don't pay AGR dues: Govt tells Lok Sabha

This was stated in reply to a question in Lok Sabha on Wednesday by Minister of State for Communications Sanjay Dhotre

Market Ahead, March 5: All you need to know before the Opening Bell

Telecom stocks are likely to remain in focus today as the government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the SC order

India's 'self-goal' in telecom

And urgent steps to avert a cascading crisis

Govt asks Airtel, Voda Idea, others to pay balance AGR dues without delay

The telecom department wrote to all the telcos asking them to pay balance dues "without delay" and also submit detailed bifurcation of payments

AGR case: Govt detaches GAIL, Oil India and other PSUs from SC order

Bharti Airtel paid Rs 10,000 crore, with Rs 27,740 crore balance remaining, he said, adding Vodafone Idea has paid Rs 3,500 crore and Rs 49,538 crore remained due

Balance AGR dues of telcos pegged at Rs 1,30,440 crore: Govt in Lok Sabha

On speculations regarding shutting down of Vodafone Idea, Dhotre said no such information is available with the government

Govt to allow telecom firms to defer payments of future spectrum auctions

Meanwhile, the Department of Telecom is preparing to issue fresh notices to telecom companies asking them how they had calculated their dues linked to AGR

AGR dues paid by telcos to reflect in FY20 revenue receipts: Report

Officials said the amount was not much to have any bearing on the fiscal position