Referring to the inclusion of components such as trade discounts, discounts on prepaid tariffs and forex fluctuations in the computation of AGR, Salve in his legal opinion said that in the past, the telecom tribunal headed by a retired judge had held that the demands of the government were “illegal”.
The letter was written after govt officials expressed displeasure over the tone and tenor of Read’s comments.
The industry as a whole faces dues worth over Rs 1.3 lakh crore in licensee fee, spectrum usage charge (SUC), penalties and interest, after SC backed the government’s stance that non-core items should be included while calculating AGR. Licensee fee and SUC are calculated on the basis of AGR.
A panel would look at the issue of AGR dues after telcos approached the Supreme Court for relief.
DoT estimated that increase of 10% in realisations from subscribers may yield Rs 35k cr in revenue for telcos.
The proposed shift out of China by Flex, one of the world’s largest exporter of electronics goods, comes amid the continuing Sino-US trade war. It coincides with India’s efforts to attract global manufacturers that may be looking to move out of what is popularly called the ‘world’s factory.’
Centre reaching out to RBI, NPCI to discuss safety features, delaying WhatsApp payment feature launch.
Government to assess if it has right to grant waiver and whether there are any precedents.
India is awaiting WhatsApp’s response to decide on the next action, which could include imposition of penalty.
Talks between RIL, ADIA, GIC and a group of financial investors for RIL's fibre asset have broken down.
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