Canindia News

Vodafone Idea lists options before govt to facilitate AGR payment

New Delhi, Feb 26 (IANS) Vodafone Idea has written to the government seeking help to pay the balance AGR dues.

The same letter also is written to Niti Aayog and Finance Minister seeking facilitation of the payment. VIL has dues of Rs 53,000 crore towards AGR though its self assessment is apparently a much lower figure.

Its methods include adjustment of Rs 8,000 crore of GST refund towards AGR, payment of penalty, interests and interests on penalty in a staggered period.

It also seeks immediate introduction of floor rate for tariffs, cut in licence fees from 8 per cent to 3 per cent and spectrum usage charges to 1 per cent from 3 per cent, moratorium of three years, then a 15-year payment tenure and lower rate of interest of 6 per cent.

–IANS

ana/kr

YOU MAY ALSO BE INTERESTED IN

IIFL dealer, 5 others barred from securities market for front running

CanIndia New Wire Service

India can become AI laboratory of the world: NITI Aayog CEO

CanIndia New Wire Service

India needs to move beyond exporting raw materials: Goyal

CanIndia New Wire Service

Growth in data tariffs, broadband reach show move towards higher ARPU

CanIndia New Wire Service

Three pvt banks in TN, Kerala hit headlines for wrong reasons

CanIndia New Wire Service

Stimulus, healthy macros expected to lift markets (IANS Equity Outlook)

CanIndia New Wire Service

‘CIRP threshold against personal guarantors should be raised’

CanIndia New Wire Service

Unscathed: Pent-up demand more sustained, predictable now, says Kia India (IANS Special)

CanIndia New Wire Service

Accounts not performing due to delay won’t be labelled NPAs: Centre

CanIndia New Wire Service

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

SUBSCRIBE TO OUR WEEKLY NEWSLETTER

Stay up to date with the latest news and exclusive offers directly in your inbox