Telcos' dues, penalties to weigh heavily on vendors, tower cos
Bharti Infratel, Indus Towers and American Tower Corp (ATC) are bracing for a possible hit on their tower tenancies, because of the financial strain on customers Bharti Airtel and Vodafone Idea from the thousands of crores they need to pay the government.
Vodafone Idea may pay part of AGR dues to stay afloat
Besides pleas for relief at Supreme Court, telco wants to show its intent to honour pay...
Telecom dues: Curative petitions rarely admitted, say analysts
The top court dismissed review petitions filed by telcos against its October 2...
Extend payment term for telecom dues, charge lower interest: COAI
We have been suggesting a couple of things to the government, says Rajan Mathews.
PSUs to file review petitions over Rs 3 lakh crore telecom dues: Government
“Government companies have a different clause than telecom companies,’’ Mehta told ET, when asked if non-telco PSUs would file review petitions against the order. The October 24 ruling had expanded the scope of adjusted gross revenue (AGR) on which telecom licence holders need to pay the fee to the government.
Air India unable to move engine due to Rs 100 crore GST dues
The airline hopes to pay the GST dues on Thursday, along with salary to employees. “We have raised the cash to pay for these things from our ticket sales. Hopefully, we will be able to send the engine to Vadodara once some GST dues are paid on Thursday, and then we raise the e-way bill required for that shipment,” said the official.
Watch: Srinagar- Jammu NH closed due to snowfall
Srinagar- Jammu National Highway remained closed due to snowfall on January 16. Several heavy vehicles remained stranded due to closure of 2...
Supreme Court’s review petition dismissal last straw in sectoral financial distress: COAI
“The Supreme Court’s dismissal of the review petition is the last straw in contributing to financial distress and it remains to be seen whether the industry will be able to recover from this setback,” Rajan S Mathews, Director General of the Cellular Operators of India (COAI) said.
'Coal companies must make extra voluntary contribution to staff pension fund'
Coal Mines Provident Fund Organisation commissioner Animesh Bharti told ET: “Following a recent resolution by the trustee board of the CMPFO, coal companies will soon be asked to make voluntary contribution of Rs 10 per tonne of coal produced.
Vodafone Idea may seek more time from Supreme Court to pay dues
The telco had filed a review petition, hoping for a reduction in penalties, which account for 75% of the dues.
Indian Navy cutting down on procurement due to Budget cuts
The rationalisation process has been initiated after consecutive budgets where projected demands of the Navy have not been met. In the current budget, for example, the Navy was allocated Rs 41,259 crore against the projected amount of Rs 64,307 crore, which officials say is not even adequate to continue annual payments for acquisition contracts already signed.
Birla house can be sold to repay BPSL depositors’ dues: Court
Birla Power Solutions (BPSL) has allegedly defaulted on repayment of deposits it took between 2009 and 2013. The outstanding amount, according to the probe agencies, is estimated to be more than Rs 500 crore and both Birla and the company are being probed by agencies including the Mumbai Police.
Unsecured consumer loans grow most, credit card dues at Rs 1L crore
Unsecured loans are growing even as secured retail advances such as auto loans, loans against property (LAP) and home loans saw moderate rates of balance growth at 10.3%, 11.6% and 10.0%, respectively, according to TransUnion CIBIL’s Q2FY20 Industry Insights Report.
I am moving to France for my new job. Can I keep my PF account active?
If the contributions are not made to the PF account, then the account becomes inoperative. However, the account will continue to earn interest.
How Social Security Code 2019 will impact employees' gratuity, protect their EPF dues
The code provides for a uniform definition of "wages" across all legislations covered. This is aligned with the definition provided under the "Code on Wages" and proposed amendments to PF. Here's how specific provisions could benefit employees.
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