Vodafone Idea AGR Relief: Government Seeks Clarity

The government seeks clarity on Vodafone Idea's AGR relief from the Supreme Court order. Vi faces significant payments, and the government, a major shareholder, considers relief options. Vi has 200 million customers.

Throughout the hearing on the issue, lawyer general Mehta, in behalf of the federal government, had told a bench led by primary justice BR Gavai that because of the change in circumstances the Centre had obtained 49% equity of Vi and because nearly 200 million customers using its services, the Union wanted to take a look at the issues increased by the business.

Government’s Stand on Vi

Many legal specialists feel that the pinnacle court reasoning categorically mentions that the relief can be restricted to added AGR demand raised by the DoT, however a few other really feel the order is open to analysis.

Analysts expect the government to offer relief to the business in the coming months and weeks, much before the following instalment is due. The relief, they said, can be in the form of a partial waiver of fees or expansion of timeline for payment of the fees, or a mix of both.

Possible Relief Measures

At the end of March this year, Vi’s cash money and bank equilibrium amounted to Rs 9,930 crore, and it is been afraid that with no relief on the AGR fees, the business will not survive. The federal government would be the most significant loser as it is the largest shareholder with a 49% risk, and the majority of the superior charges would certainly concern the treasury.

The Division of Telecommunications (DoT) will certainly seek clarity from lawyer basic Tushar Mehta on the Supreme Court order on telecom operator Vodafone Concept worrying the modified gross profits (AGR) relief issue and continue on the basis of the suggestions of the regulation police officer, claimed officials.

DoT Seeks Legal Clarity

The Division of Telecom will certainly look for explanation from lawyer general Tushar Mehta concerning the High court’s order on Vodafone Concept’s adjusted gross revenue fees. Authorities will certainly continue based upon his suggestions. This explanation is crucial as the business encounters a significant settlement next March.