The Telecom Department is current 'examining' the replies given by the state-owned non-telecom corporations on the Adjusted Gross Revenue (AGR) dues, a senior official said
From Reliance Retail's valuation to GoAir's 'operational challenges', here are today's top headlines
Sources said the dues being sought are more than three times the networth of GAIL and several times the actual revenue earned.
The source also indicated that the telecom department will not intervene in recent announcement by telecom operators to raise tariffs.
We will not interfere in their decision to raise tariffs but if the consumer is affected due to the increase we will intervene, says a senior DoT official
The Union Cabinet had, last month, approved a plan to combine MTNL - which provides services in Mumbai and New Delhi - with BSNL that services the rest of the nation.
DoT asks BSNL to take steps on ITS officers' salaries
At present, various options are being discussed for the transition period
These companies may suddenly be given demand notices running into crores and they may object to DoT's not informing them for so many years about this
A DoT official privy to the development said instructions have gone to the licencing wing to carefully examine the implication of the apex court's recent ruling for all such companies
Telecom Minister Ravi Shankar Prasad had recently asked BSNL to start a dialogue with its employees on the VRS
The demand notices will be issued in next two weeks after an assessment in light of the court order is done
AGR is Adjusted Gross Revenues which includes all licensed revenues of a telecom firm not necessarily originating only from mobile or landline services
Govt should address some fundamental issues
The committee, led by Cabinet Secretary Rajiv Gauba, will have secretaries from finance, law, telecom ministries
In its concluding submission on AGR, the Centre said the parties have voluntarily consented to the terms of the licence agreement and are therefore bound by it
Dept has apparently sought funds for VRS schemes of the two firms and allotment of 4G spectrum, proposes to raise finances via asset monetisation
Seeing how US, UK, who have only pvt services, cope with security issue: Official
The deadline of September 25 for submission of bids could be extended by a week or 10 days as DoT would look into aspects which were flagged as concerns by potential bidders
TRAI had made it clear to the Telecom Department that it has considered "all relevant factors" while giving views on prices