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Aashish Aryan
Aashish Aryan is a Principal Correspondent With The Indian Express. He tweets @cubscribe
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Govt relief to telecom firms angers SC: all dues must be paid, no one will be sparedSubscriber Only
February 15, 2020 05:19 IST
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.
Sat, Feb 15, 2020
Explained: Why SC hard line on AGR could lead to a windfall for govt, but bigger phone bills for youSubscriber Only
February 14, 2020 14:37 IST
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.
Fri, Feb 14, 2020
Almost 93,000: Half at BSNL, 80% employees at MTNL opt for VRSSubscriber Only
February 14, 2020 04:30 IST
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.
Fri, Feb 14, 2020
Claw back creditor payments post cut-off date: MCA, IL&FS to NCLATSubscriber Only
February 13, 2020 04:20 IST
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.
Thu, Feb 13, 2020‘DEA warned about redemption risks to AMCs, capital adequacy issues in nearly 1,500 NBFCs’Subscriber Only
February 12, 2020 02:00 IST
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.
Wed, Feb 12, 2020Sixteen months & Rs 100-crore fees later, no sign of IL&FS resolution planSubscriber Only
February 11, 2020 04:03 IST
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.
Tue, Feb 11, 2020
‘Reverse CIRP’: Realty cos’ insolvency to be project-wise, not across group, rules NCLATSubscriber Only
February 11, 2020 02:45 IST
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.
Tue, Feb 11, 2020
Private telecom firms look to cut capex, approach BBNL to lease ‘dark fibre’Subscriber Only
February 10, 2020 00:25 IST
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.
Mon, Feb 10, 2020
MCA shifts stance, says onus of probing if JSW Steel complies with IBC is on NCLT, agenciesSubscriber Only
February 07, 2020 01:15 IST
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.
Fri, Feb 07, 2020Govt: DoT planning to set up Telecom OmbudsmanSubscriber Only
February 06, 2020 04:19 IST
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.
Thu, Feb 06, 2020
AGR dues: Oil India, GAIL, other PSUs face payouts nearly double of net worthSubscriber Only
February 05, 2020 03:05 IST
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.
Wed, Feb 05, 2020DoT may toughen stance, push for contempt against telcosSubscriber Only
February 04, 2020 03:15 IST
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.
Tue, Feb 04, 2020
Union Budget 2020: Turnover limit for audit of MSME accounts now at Rs 5 croreSubscriber Only
February 02, 2020 05:21 IST
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.
Sun, Feb 02, 2020
Budget 2020: In line with scheme for indirect taxes, window for direct tax dispute resolutionSubscriber Only
February 02, 2020 04:56 IST
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.
Sun, Feb 02, 2020
Union Budget 2020: DDT scrapped, compliance onus on investorsSubscriber Only
February 02, 2020 04:23 IST
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.
Sun, Feb 02, 2020
Economic Survey: ‘Make in India’ the China way–Assemble for worldSubscriber Only
February 01, 2020 02:11 IST
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.
Sat, Feb 01, 2020No coercive action against telcos not paying dues: DoTSubscriber Only
January 24, 2020 04:30 IST
A detailed status report of compliance, or otherwise may be sent to the CGCA (Controller General of Communication Accounts) TSP (telecom service provider) wise on 24.01.2020 by 5 PM,” the DoT letter, sent out by the Licensing Finance Policy Wing of the DoT, said.
Fri, Jan 24, 2020
Call on separate civil suit on payment of AGR dues: DoT in ‘wait & watch’ modeSubscriber Only
January 23, 2020 03:00 IST
The DoT will have to move a separate civil suit seeking the apex court’s directions on what it should do going ahead, if it seeks to recover the dues from all the companies, the officials further said.
Thu, Jan 23, 2020
Oil India, DMRC move SC; say DoT’s AGR demand will force stop operationsSubscriber Only
January 23, 2020 00:47 IST
In its petition seeking the modification of the Supreme Court's October 24 judgment on AGR, Oil India has said that the Department of Telecommunications' "huge arbitrary demand was based on wrongful interpretation and erroneous calculation".
Thu, Jan 23, 2020
Telecom firms get some time on dues to GovtSubscriber Only
January 22, 2020 04:02 IST
On Monday, Bharti Airtel and Vodafone had moved the court seeking permission to “work out feasible terms mutually with DoT” to ensure they remained a “going concern”.
Wed, Jan 22, 2020
Will continue to probe Bhushan Power; IBC ordinance won’t shelter JSW: EDSubscriber Only
January 22, 2020 03:00 IST
During the last hearing, JSW Steel had also said that the Centre’s recent ordinance on IBC would cover it as well.
Wed, Jan 22, 2020AGR dues: Airtel, Vodafone Idea move SC again, seek nod to negotiate with DoTSubscriber Only
January 21, 2020 04:24 IST
The apex court had on October 24 last agreed with the DoT’s definition of AGR, and said that the companies, both telecom and non-telecom, must pay all dues they owe to the government along with interest and penalty.
Tue, Jan 21, 2020
BharatNet phase two: About 7.45% of 1.5 lakh gram panchayats service ready so farSubscriber Only
January 20, 2020 03:18 IST
Under BharatNet phase two, against the target of providing last mile connectivity to 1.5 lakh gram panchayats (GPs), only about 7.45 per cent of these have been made service ready so far.
Tue, Jan 21, 2020
SC dismisses review plea by telecom majors on AGR duesSubscriber Only
January 17, 2020 04:49 IST
Following the judgment, the DoT had written to GAIL and Power Grid, asking them to pay AGR fees of Rs 1.72 lakh crore and Rs 1.25 lakh crore, respectively. GAIL, Power Grid and other companies have denied that they owe any money to the DoT, and said they have paid all dues.
Fri, Jan 17, 2020
Adjusted Gross Revenue case: SC dismissal of telcos’ plea may hit consumer servicesSubscriber Only
January 17, 2020 00:58 IST
Bharti Airtel said in a statement: “The money now required to pay punitive interest, penalty and interest on penalty which forms nearly 75 per cent of AGR (adjusted gross revenues) dues would have better served the digital mission of the country”.
Fri, Jan 17, 2020Journalism of Courage
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