Cabinet may clear Telecom bailout package this week
By MYBRANDBOOK
Union Cabinet shall clear out rescue equipment for pressured out telecom companies later this week and would perchance encompass a staggered price schedule for the illustrious AGR (adjusted corrupt earnings) dues. High sources said the telecom division is within the formulation of making ready “bailout equipment” for the companies in tandem with officials within the Finance Ministry and Niti Aayog. The reduction is being worked out as the next date of hearing on the telecom topic comes up within the Supreme Court on March 17, by then the executive and the mobile operators want a roadmap for paying the large AGR dues.
“We’re enthused by the willingness of the companies to begin making payments in the direction of their illustrious AGR dues. Whereas the executive desires to abide by the orders of the Supreme Court, which remains the tip precedence, it also desires to make sure that there are no longer any monopolies which shall be created within the sector, and that each one the companies are given a viable likelihood to pay encourage the large dues,” considered one of many sources said.
The majority of the burden of the AGR dues has fallen on Vodafone Idea, which wants to pay Rs 53,000 crore nonetheless has managed to present easiest Rs 3,500 crore.
Airtel was asked to pay Rs 35,586 crore, has to this level paid Rs 18,004 crore (steadiness Rs 17,582 crore), while Tata group has to present Rs 13,823 crore nonetheless has paid easiest Rs 4,197 crore (steadiness Rs 9,626 crore).
The companies submitted their self-review numbers on the AGR dues and has disputed the telecom division’s demand notice.
Bailout equipment is seen as predominant for the companies to survive. Whereas Airtel has said that it desires to pay the cash demanded by the telecom division well prior to March 17, Vodafone Idea has made it distinct that this would perchance fail to compose the associated price if reduction equipment is never any longer extended.
Vodafone Idea Chairman Kumar Mangalam Birla has already met Finance Minister Nirmala Sitharaman and Telecom Minister Ravi Shankar Prasad on the topic.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
DELL TECHNOLOGIES INDIA PVT. LTD.
RAMCO SYSTEMS Ltd.
LAVA INTERNATIONAL LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
Technology Icons Of India 2023: Sachin Bansal
Sachin Bansal’s fintech startup, Navi Technologies, simplifies loan ...
Technology Icons Of India 2023: Dr. P D Vaghela
Dr PD Vaghela serves as the Chairperson of Telecommunications Regulato...
Technology Icons Of India 2023: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla’s return to Vodafon...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
SONATA INFORMATION TECHNOLOGY LIMITED
Sonata Software Limited is a leading Modernization engineering company...