AGR storm hits PSUs, notices sent to every licensee of DoT
By MYBRANDBOOK
So it is not just telcos like Airtel and Vodafone Idea that have to pay the adjusted gross revenue (AGR) dues Rs 45,000 crore each, but also top PSUs who might now have to pay over Rs 2,00,000 crore as well. And for all these PSUs, the telecom business had been a minor part of their business.
As per an internal Department of Telecommunications (DoT) committee, GAIL will have to pay a little over Rs 1.72 lakh crore as AGR dues. The PSU had an internet as well as a mobile phone licence, and did an earning of just Rs 35 crore since 2001-02; DoT put its AGR at Rs 2.5 lakh crore.
As per DoT’s definition of AGR, which the Supreme Court ratified last month, several items of non-telecom revenue also have to be added to the AGR. The Supreme Court, on its part had upheld DoT’s definition of gross revenue and AGR in its October 24 order while dismissing appeals filed by telecom operators. The court had also upheld the imposition of interest, penalty and interest on penalty.
Similarly, PowerGrid which had both a national long-distance as well as an internet licence said its AGR since 2006-07 was Rs 3,566 crore, which DoT estimated it at Rs 1.25 lakh crore. Once the interest on this as well as the penalty is added, the AGR dues become Rs 22,168 crore.
For the Delhi Metro, which reported a Rs 4.7-crore telecom AGR, DoT raised this to Rs 33,005 crore.
All these firms have taken a licence from DoT either for internet services or national or international long distance etc.
According to sources, DoT has started issuing fresh notices to these companies to comply with the Supreme Court order and make the payment for licence fee and other dues. Earlier, DoT had sent notices only to telecom service providers and associations of internet service providers, virtual network operators and satellite providers.
As per the government, the telecom operators owe Rs 55,054.51 crore as spectrum usage charges (SUC) as on October 31, 2019, while the figure for licence fees stands at Rs 92,642 crore.
PSUs till now have not approached DoT for a clarification, but they are most likely to ask their parent ministries to represent their case.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
PDRL - Passenger Drone Research Pvt. Ltd.
SAMSUNG INDIA ELECTRONICS LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
BHARAT ELECTRONICS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : AALOK KUMAR
Aalok Kumar is celebrated as a global leader and recipient of the Peop...
ICONS OF INDIA : SANJAY GUPTA
Sanjay Gupta is the Country Head and Vice President of Google India an...
Icons Of India : ALOK OHRIE
Alok Ohrie leads Dell Technologies’ India business, overseeing Sales...
PARTNER SPEAKERS
PSU
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
