The Silicon Review
19 March, 2020
The Supreme Court in its observation of a plea of relief filed by the Department of Telecommunications (DoT) has said that it saw no merit in letting telecom companies drag their payment dues over a period of 20 years. Relief for the companies such as waiver of penalties and interest on unpaid sums were also rejected by the Supreme Court.
Industry representatives have met with government officials over the past few months, which led to the DoT’s plea. In the recent past, telecom operators had received a huge bill as part of a verdict on a long-running dispute they had with the center. A total of nearly INR 1.7 trillion had to be given by the companies. Big names such as Bharti Airtel and Vodafone Idea had shown signs of a heavy blow, with Vodafone Idea’s very survival in doubt. The recent tariff war given birth by the entry of Reliance Jio had made margins paper-thin for all companies looking to retain customers in the toughest of battles.
The government receives money from the telecom operators in the form of annual license fee and spectrum usage charges, under the current policy. But the definition of what exactly the companies needed to pay wasn’t defined sharply and hence let to the legal tussle between telecom operators and DoT in 2003.
There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...
Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...
This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...
After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...