Sunday, April 11

BSNL, MTNL nevertheless to apparent modified gross profits dues of in excess of Rs 10,000 crore

BSNL, MTNL nevertheless to apparent modified gross profits dues of in excess of Rs 10,000 crore


NEW DELHI: Condition-operate telecom corporations BSNL and MTNL have not cleared their modified gross income (AGR) dues of over Rs 10,000 crore as calculated by the Department of Telecom, according to an formal source.
As for each the DoT‘s calculation, AGR legal responsibility of BSNL was to the tune of Rs 5,835 crore and for MTNL it was all around Rs 4,352 crore up to financial 12 months 2016-17, which contains curiosity, penalty and interest on penalty.
According to the formal source, BSNL and MTNL have not paid any amount of money to their liability.
The Supreme Court had previous 12 months directed that telecom operators will have to spend 10 per cent of the overall dues as demanded by DoT by March 31, 2021.
BSNL and MTNL ended up not get together to the litigation in the AGR case in advance of the apex court docket, but the telecom PSUs were being named in DoT’s listing of organizations from whom dues had been to be recovered.
As for each government calculations, complete AGR liability of Bharti Airtel is Rs 43,980 crore, Vodafone Plan (VIL) Rs 58,254 crore, Tata Group Rs 16,798 crore, Quadrant Televentures Rs 189.22 crore, Reliance Jio Rs 195 crore, Aircel Rs 12,389 crore, Reliance Communications (like Sistema Shyam) Rs 25,194 crore and Videocon Telecom Rs 1,376 crore.
Telecom corporations that have shut their enterprise in India, particularly Loop Telecom, Etisalat DB and S Tel jointly ended up liable to spend Rs 604 crore.
Bharti Airtel has paid out Rs 18,004 crore out of the whole demand, Vodafone Thought Rs 7,854.37 crore, Tata Team Rs 4,197.37 crore, Quadrant Televentures 19.73 crore, Reliance Jio Rs 195.18 crore, Hughes Communications Rs 62.9 crore, RCom Rs 4.69 crore and Etisalat DB Rs 8.24 crore (through liquidator), according to formal information.



Source (important)