 "Five telecom firms understated AGR by Rs 14,800 cr: CAG")
Tata Teleservices, Telenor, Videocon Telecom, Quadrant Televentures, and Reliance Jio Infocomm have understated their adjusted gross revenue (AGR) by over Rs 14,800 crore, which has resulted in a shortfall of Rs 1,526.70 crore to the government, according to a report by the Comptroller and Auditor General (CAG) of India.
The report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
Mobile service operators are required to share a percentage of their AGR with the government as annual licence fee. Currently, operators pay eight per cent of their AGR as
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