City
Epaper

Vodafone Idea lists options before govt to facilitate AGR payment

By IANS | Updated: February 26, 2020 18:00 IST

Vodafone Idea has written to the government seeking help to pay the balance AGR dues.

Open in App

New Delhi, Feb 26 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.

( With inputs from IANS )

Open in App

Related Stories

International“A Significant Step”: PM Modi Applauds Donald Trump Leadership As Hamas Agrees To Release Israeli Hostages

MaharashtraFadnavis Hits Back at Rahul Gandhi, Defends India’s Constitution, Mocks Uddhav Thackeray’s Frustration

InternationalTrump administration reverses homeland security funding cuts targeting New York

Navi MumbaiUlwe Road Accident: Fisherman Dead, Driver Hurt as Speeding Car Rams Pickup Near Atal Setu Toll Plaza

InternationalUN chief welcomes Hamas' statement on US Gaza proposal

कारोबार Realted Stories

BusinessAir India Express announces flights between Indore and Goa

BusinessSaumitra P Srivastava takes charge as Director (Marketing), IndianOil

BusinessGST 3.0 should aim at having only one rate: Former Commerce Secretary Ajay Dua

BusinessBihar government approves land acquisition for two airports

BusinessIndia a stabilising force in world economy: Global experts