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AGR DEFICITION
Govt revenue from telecom in FY22 likely at Rs 28,000 cr vs Rs 54,000 cr budgeted: ICRAICRA chief economist Aditi Nayar, in a statement, said, “We now assess the inflows from the telecom sector into the GoI's FY2022 non tax re...- Government announces major telecom reforms packageThe contentious definition of the Adjusted Gross Revenue (AGR) has also been revamped with non-telecom revnue excluded from its purview. Th...
- Reliance Comm liable to pay SSTL AGR dues, DoT identifies combined liability worth more than Rs 25k crIn February 2019, RCom filed for insolvency. Under the proceedings, the DoT has claimed nearly Rs 30,000 crore in dues from RCom, of which ...
- Government collects Rs 32,000 crore in AGR and statutory dues since SC's rapThe windfall will help govt bridge its deficit at a time when revenue collection has taken a hit due to slump.
- April-January fiscal deficit reaches 128.5% of Rs 7.67 lakh crore revised FY20 targetThe fiscal deficit is the shortfall in a government's income compared with its spending. It essentially means that the government is spendi...
- Vodafone Idea bank guarantees unlikely to be invoked for nowA Voda Idea collapse could have negative impacts on not just the telecom, but on banking as well.
- Payment of AGR dues to bring down fiscal deficit to 3.5% in FY20One will have to wait till March 16, 2020 - the AGR payment deadline, before the picture gets clear.
- View: An expenditure-led fiscal expansion could be Sitharaman's choice in this BudgetThe govt should prioritise infra spending, especially on sectors highlighted in the report on NIP.
- Cut in personal tax possible: CLSAAny cut in income tax rates will be seen as a boost for discretionary companies.
- PSUs may move Supreme Court over Rs 3 lakh crore telecom duesThe total amount the DoT has sought from non-telecom companies as AGR dues stand at Rs 3.13 lakh crore.
- Fixed-line telephony to be exempted from licence feeBSNL will be the largest beneficiary of this move as it will save up to Rs 1,200 crore annually. Sizzling handsets
- BSNL gets Rs 1,200 cr bonanza with removal of license feeBharat Sanchar Nigam Limited will get financial benefit of about Rs 1,200 crore annually with the exemption of license fee on fixed line te...
- TRAI decides to phase out levy on telecom operatorsPrivate telecom operators will not have to pay any levy to BSNL to compensate it for carrying out rural operations.
- Multiple taxes in telecom to be reduced: FinMinA paper brought out by the Finance Ministry has suggested reducing rates and replacing the multiple structures with two or three levies. In...
- Telcos may get tax breaks on shared infrastructureTelecom operators, who for years have been demanding a reduction in the heavy levies, may finally be granted some relief.
- Telcos may get tax breaks on shared infraIn an attempt to improve telecom penetration in rural India and also encourage telcos to share their towers and other related infrastructur...
- Trai announces ADC rate cutThe amended regulations will be effective from April 1, 2007 till March 31, 2008.
- ADC suspense to be over this weekTelecom regulator Trai will announce the reduction in ADC levies this week, paving the way for a marginal reduction in STD tariffs and 5-10...
- Telecom tariff to fall from April 1Telecom tariffs are set to fall from April 1 this year, as the Telecom Regulatory Authority of India is likely to reduce the access deficit...
- MTNL net profit sinks 25.53%Total income also decreased five per cent to Rs 1,376.76 crore for the quarter ended September 30 .
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