: Centre gives four-year relief to telecom firms from paying dues #IndiaNEWS The Centre on Wednesday announced a four-year moratorium for telecommunication companies to repay their dues to the government.The

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Centre gives four-year relief to telecom firms from paying dues #IndiaNEWS
The Centre on Wednesday announced a four-year moratorium for telecommunication companies to repay their dues to the government.The moratorium, which will begin from October 1, will mean that telecom companies in the country will not have to pay their dues to the government for four years if they opt for the scheme.Fifteen entities, most of them telecom companies, owe the government Rs 1.47 lakh crore in adjusted gross revenue dues. Of these, Rs 92,642 crore is unpaid licence fees and Rs 55,054 crore is outstanding spectrum usage charges. Vodafone Idea owes the government Rs 58,000 crore, which is the highest amount owed, followed by Bharti Airtel and Tata Teleservices.At a press briefing, Union Minister for Communications Ashwini Vaishnaw said that the moratorium will cover all dues, including those related to adjusted gross revenue and spectrum usage charges. The companies who opt for the moratorium would have to pay interest for deferring the payment of the dues.In another major decision, the government announced that the revenues earned by telecom companies through non-telecom services will not be included in the calculation as part of their adjusted gross revenues.The decision came less than a month after the Supreme Court rejected pleas filed by Vodafone Idea, Bharti Airtel and Tata Teleservices seeking a recomputation of their adjusted...Read more

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