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PSUs holding telecom licences seek clarification on financial burden

By Indian Mandarins- 10 Nov 2019
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In the wake of the Supreme Court’s judgment on adjusted gross revenue (AGR), some of top public-sector companies of India that are holding telecom service licences including GAIL India, Power Grid Corporation, Oil India, Delhi Metro and RailTel seeking clarification from the Department of Telecom (DoT) as they might also face a huge financial burden.

Supreme Court, last month, had ordered all telecom service providers to pay the past licence and spectrum dues in accordance with the annual AGR calculation formula used by the government. The government has set up a committee of secretaries to look into all issues.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.