A Bench of Justices Arun Mishra and M R Shah, hearing the DoT plea in the AGR matter, said if SC allowed a plea like this, it would also become party to a fraud
Cash flows to absorb Africa impact amid weak crude oil prices and rupee
Company owes Rs 6,854 cr as principal amount from FY07 to FY19
In case of Vodafone Idea Ltd (VIL), the DoT is seeking over Rs 53,000 crore
The telecom service providers have been directed to make payments on the basis of self-assessment and submit requisite documents for compliance, MoS for communication said in RS
In a regulatory filing, Bharti Airtel said the transaction is an "indirect acquisition of 10 per cent equity stake through wholly-owned subsidiary"
Says SC order did not specify quantum of dues to be paid
Reliance Jio has been found to be the fastest network in the country by the Telecom Regulatory Authority of India. However, private broadband analysis firm have had different findings.
Emerging from a meeting with Telecom Secretary Anshu Prakash on Wednesday, Mittal said, 'They said pay full....we have paid full dues'
Vodafone Idea surged as much as 23.5 per cent to Rs 4.94 on the BSE while Bharti Airtel was up 2.46 per cent to Rs 508.5
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
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.
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.
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 ..
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
The telcos said that data prices should be regulated keeping in mind the financial health of the sector
This was stated in reply to a question in Lok Sabha on Wednesday by Minister of State for Communications Sanjay Dhotre
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
And urgent steps to avert a cascading crisis
It's avoided by regulators in developed countries as it is considered anti-competitive and anti-consumer