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Wednesday, February 19, 2020

Aashish Aryan

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Aashish Aryan is a Principal Correspondent With The Indian Express. He tweets @cubscribe

Trai proposes removal of charges for over 100 SMS a day; old system ‘not fully under control’
Wed, Feb 19, 2020

The new TCCCPR, 2018, mentions several steps, including a central registry wherein any telecom service provider could update the number of a suspected spammer or telemarketer.

Mar 17 deadline: Under pressure to pay AGR dues, Kumar Mangalam Birla meets DoT Secy
Wed, Feb 19, 2020

Vodafone Idea chairman Kumar Mangalam Birla and managing director and chief executive officer Ravinder Takkar met Telecom Secretary Anshu Prakash on Tuesday.

NCLAT grants immunity from ED probe to JSW Steel, Bhushan Power
Tue, Feb 18, 2020

The probe against Bhushan Power’s erstwhile promoters, however, will continue.

SC order on AGR dues: DoT scrambles for cover, Airtel Bharti says will pay Rs 10,000 crore by Feb 20
Sat, Feb 15, 2020

AGR dues: Bharti Airtel wrote to DoT offering to pay Rs 10,000 crore by February 20. Vodafone India, which owes around Rs 53,000 crore did not comment on the issue.

Govt relief to telecom firms angers SC: all dues must be paid, no one will be spared
Sat, Feb 15, 2020

The apex court’s observations came during the hearing of a plea moved by telecom companies in which they sought the court’s permission to negotiate with the DoT on the payment schedule for AGR.

Explained: Why SC hard line on AGR could lead to a windfall for govt, but bigger phone bills for you
Fri, Feb 14, 2020

The order by the Supreme Court means telecom companies, including Vodafone Idea and Bharti Airtel, will have to immediately clear the pending AGR dues, which amount to nearly Rs 1.47 lakh crore.

Almost 93,000: Half at BSNL, 80% employees at MTNL opt for VRS
Fri, Feb 14, 2020

Significantly, of the 1,53,000 employees working for BSNL when the VRS scheme was approved in October 2019, over half — 78,569 employees in all — have opted to retire.

Claw back creditor payments post cut-off date: MCA, IL&FS to NCLAT
Thu, Feb 13, 2020

The clawback will be applicable to creditors of all IL&FS companies across the board, including those which may have been paid after a February 11, 2019 order of the NCLAT on the same, the MCA suggested.

‘DEA warned about redemption risks to AMCs, capital adequacy issues in nearly 1,500 NBFCs’
Wed, Feb 12, 2020

Days later, on October 1 that year, the government moved the National Company Law Tribunal (NCLT), seeking to supercede the IL&FS board and appoint a new board in its place. The government's plan was approved by the NCLT on October 2.

Sixteen months & Rs 100-crore fees later, no sign of IL&FS resolution plan
Tue, Feb 11, 2020

Since the new board took over in September 2018, IL&FS has only been able to complete the sale of its wind energy assets, thereby leading to a debt resolution of Rs 4,300 crore out of the total debt outstanding of around Rs 94,000 crore.

‘Reverse CIRP’: Realty cos’ insolvency to be project-wise, not across group, rules NCLAT
Tue, Feb 11, 2020

In case of most real estate companies, which work on multiple projects at the same time, there could a slight increase in compliance burden, Ashutosh Limaye, director and head of Consulting Services at ANAROCK Property Consultants, said.

Private telecom firms look to cut capex, approach BBNL to lease ‘dark fibre’
Mon, Feb 10, 2020

The hitherto unused infrastructure will be used by these companies to expand their presence in rural India and offer 4G as well as other long-term evolution (LTE) mobile telephony services, according to official documents accessed by The Indian Express.

MCA shifts stance, says onus of probing if JSW Steel complies with IBC is on NCLT, agencies
Fri, Feb 07, 2020

In its affidavit to the NCLAT, the MCA has said IBC does not “envisage any role of the central government to check that the resolution plan submitted during the course of a corporate insolvency resolution process satisfies the conditions” set forth in various provisions under the Code.

Govt: DoT planning to set up Telecom Ombudsman
Thu, Feb 06, 2020

The ombudsman will be the third level of authority which users can approach, if their complaints on poor quality service is not heard by the telecom services providers.

AGR dues: Oil India, GAIL, other PSUs face payouts nearly double of net worth
Wed, Feb 05, 2020

The SC directive to the telecom sector with respect to the AGR dues pales in comparison to the payout confronting the non-telcos, which face the prospect of shelling out over twice the amount that telcos are required to pay.

DoT may toughen stance, push for contempt against telcos
Tue, Feb 04, 2020

The stand taken by DoT is in contrast to an earlier decision of not pursuing any coercive action against telcos for not paying the AGR dues in time.

Union Budget 2020: Turnover limit for audit of MSME accounts now at Rs 5 crore
Sun, Feb 02, 2020

The easing of this compliance burden, however, will be available only to those MSMEs which that carry out less than 5 per cent of their business transactions in cash, Sitharaman said.

Budget 2020: In line with scheme for indirect taxes, window for direct tax dispute resolution
Sun, Feb 02, 2020

Under the scheme, Sitharaman said any taxpayer currently in dispute with the government over the pending dues will be allowed to pay just the principal amount.

Union Budget 2020: DDT scrapped, compliance onus on investors
Sun, Feb 02, 2020

The current system of levying DDT leads to an increased tax burden for individuals, the Finance Minister said, adding that it cascaded for investors who were liable to pay tax at rates less than that of DDT, if the dividend is included in their income.

Economic Survey: ‘Make in India’ the China way–Assemble for world
Sat, Feb 01, 2020

The call to focus more on becoming a global assembling hub comes even as the government has, over the past five years, laid repeated emphasis on the ‘Make in India’ manufacturing thrust.

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