Breaking news

Meghalaya Governor Satya Pal Malik’s stand has not softened even after moreAll You Need to Know About Cryptocurrency in India: Trends, Legality and more The Champaran Foundation, in collaboration with InFeed, organised an online more In one of the biggest leaks ever of offshore financial records, the more The Champaran Foundation, in collaboration with InFeed, is inviting entries more The recently concluded German elections on September 26, 2021 have given a more According to latest news reports, China has been on a defense infrastructure more A new line of argument has already come to dominate the public sphere: it’ more The government has gone one step further to detect community spread of the more The government has issued an order to abolish the six allowances, including more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected more SEOUL| South Korea’s unemployment rate was unchanged in April as the more Amid the outbreak of Corona pandemic in the country, Indian government has more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated more Corona infection in the country is taking a macabre form. So far, more than 74 more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh more

SC Gives 10 Years to Telecom Companies to Clear AGR Dues

AGR Dues

The Supreme Court, while hearing on Tuesday in the Adjusted Gross Revenue (AGR) case, has given huge relief to the telecom companies. The court has given the companies 10 years to repay the AGR dues. Vodafone Idea and Airtel are quite relieved by this decision.

Significantly, the apex court had said that this decision will be taken on three grounds. First, whether or not telecom companies should be allowed to pay in pieces to pay AGR dues. Second, how to recover the dues of companies facing insolvency process. Third, is it legitimate for such companies to sell their spectrum.

Vodafone Idea and Bharti Airtel had sought 15 years time from the court to pay the AGR dues. So far 15 telecom companies have paid only Rs 30,254 crore, while the total outstanding amount is Rs 1.69 lakh crore.

Story Page