SC refuses to accept Voda’s proposal to pay Rs 2,500 cr
The Supreme Court Monday rejected telecom firm Vodafone’s proposal to pay Rs 2,500 crore by the end of the day and Rs 1,000 crore by Friday against Adjusted Gross Revenue (AGR) dues, while also refusing its plea that no coercive action be taken against it. A bench headed by Justice Arun...
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Market ends lower for 3rd day as macroeconomic worries persist
18 February 2020 | PTI -
Telecom stocks end in red amid uncertainty over statutory dues
18 February 2020 | PTI -
Payment of AGR dues to bring down fiscal deficit to 3.5% in FY20
18 February 2020 | PTI -
Telecom AGR crisis: RBI closely monitoring developments
18 February 2020 | PTI -
Pradhan says does not believe top court’s AGR ruling applies to non-telecom PSUs
18 February 2020 | PTI -
Business Corner
18 February 2020 | Agencies -
Rupee edges 5 paise higher against $ on stable crude prices
18 February 2020 | PTI
Moody’s cuts India growth projection to 5.4% for 2020
Moody’s on Monday slashed India’s growth forecast for 2020 to 5.4 per cent from 6.6 per cent projected earlier, on slower than expected economic recovery. In its update on Global Macro Outlook, Moody’s Investors Service said India’s economy has decelerated rapidly over the last 2 years and economic recovery is likely to...
RBI Guv: Govt must continue reforms; green shoots of recovery need to sustain
Reserve Bank Governor Shaktikanta Das on Monday said the government will have to use structural reforms to revive demand and support the sagging economy, and green shoots of the recovery visible now need to be sustained to pull India out of its worst slowdown in 11 years. In an interview with...
Fiscal deficit figures absolutely realistic: Nirmala
Union Finance Minister Nirmala Sitharaman on Monday defended the fiscal deficit figures in the union budget and termed it as “absolutely realistic”. “I think this budgetwe have been absolutely realistic both on the score of revenue generation and on the score of what we can spend or borrow, so figures therefore...
AGR dues: Vodafone Idea says will 'immediately' pay Rs 2,500 cr to DoT
Vodafone Idea Ltd (VIL) has said its board has authorised the company to immediately pay Rs 2,500 crore, a portion of its statutory dues, to the telecom department on Monday. The company also said that it will pay another Rs 1,000 crore before the end of the week. "The board will take...
Lack of understanding of financial products hindering MSME progress: RBI official
The lack of basic understanding of financial products and services is hindering the progress of MSMEs, a senior RBI official has said. Micro, small and medium enterprises play a significant role in economic development, in terms of their contribution to employment generation, innovation, exports and inclusive growth, he said. The union government...
Airtel pays Rs 10,000 cr AGR as Govt gets first dues
The first AGR payment came to government as Airtel on Monday paid Rs 10,000 crore dues to the Department of Telecom (DoT). The company said it is paying Rs 10,000 crore in compliance with the Supreme Court order. It paid Rs 9500 crore on behalf of Bharti Airtel and Telenor which has...
‘Airtel, Voda Idea, Tata Tele likely to pay AGR dues today’
Telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for adjusted gross revenue (AGR) dues on Monday to avoid stringent punitive action from the Telecom Department, according to an official source. The three companies are jointly liable to pay dues of over Rs 1 lakh crore,...
