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No coercive action for missing AGR date
Why is it in the news?
- The Department of Telecom will not take any ‘coercive’ action against telecom companies that fail to meet the January 23 deadline to pay dues related to adjusted gross revenue (AGR).
More in the news
- What is AGR Issue?
(1) Telecom operators are required to pay licence fee and spectrum charges in the form of ‘revenue share’ to the Centre.
(2) The revenue amount used to calculate this revenue share is termed as the AGR.
(3) According to government, the calculations should incorporate all revenues earned by a telecom company.
(4) All revenues including from non-telecom sources such as deposit interests and sale of assets.
(5) The companies, however, have been of the view that AGR should comprise the revenues generated from telecom services only and non-telecom revenues should be kept out of it.
(6) Finally, the Supreme Court upheld the government's definition of adjusted gross revenue (AGR) in October judgment, to recover adjusted gross revenue (AGR) of about ₹92,000 crore from telcos.
Source
The Hindu.