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Top headlines: S&P cuts India's growth forecast; updates on Covid-19 cases

From RBI considering relaxing bad loan rules to DoT's appeal for AGR relief to telcos, Business Standard brings to you the top headlines of the day

DoT plea for AGR relief to telcos: SC irked, to decide after two weeks

A Bench of Justices Arun Mishra and M R Shah, hearing the DoT plea in the AGR matter, said if SC allowed a plea like this, it would also become party to a fraud

Telcos' stressed assets: IBA tries to overcome the stumbling blocks

The IBA's request highlights the roadblocks in resolving stress assets in this sector under the IBC

AGR: Voda pays Rs 3,354 cr; SC dismisses plea against one-time spectrum fee

The DoT has sought to levy a one-time spectrum charge over 6.2 MHz held by the telco

DoT units routinely ask us for bulk call records: Telcos flag concern

Telcos said that DoT units asked for call data records for specific routes in Delhi with residences of Ministers, Members of Parliament, Judges and important offices

Cabinet Highlight: YES Bank moratorium to be lifted within 3 days, says FM

Cabinet has cleared a draft resolution scheme for cash-starved YES Bank. Last week, the Reserve Bank of India (RBI) had announced a draft scheme of reconstruction for the lender. Follow LIVE UPDATES

'Delay in appeal': NCLAT dismisses DoT's plea in Aircel moratorium issue

The National Company Law Appellate Tribunal (NCLAT) has dismissed the telecom department's plea citing delay in appeal against the NCLT order which held that the spectrum and licence of debt-ridden Aircel cannot be taken away during the insolvency resolution period. The Department of Telecommunications (DoT) had appealed against an order of the Mumbai bench of the National Company Law Tribunal (NCLT). In its plea, the DoT raised the issue as whether licence/spectrum to run a telecom company could be subject to moratorium during the insolvency proceedings or not. However, a three-member bench of the NCLAT held that the petition filed by the DoT was time barred under the provisions of Section 61 of the Insolvency & Bankruptcy Code, 2016. Under the IBC, any appeal against order passed by the NCLT could be filed before the appellate tribunal within 30 days and the delay which can be condoned for reasonable cause in the NCLAT is only 15 days. "This appeal was presented on February 20,

Voda Idea puts AGR dues at Rs 21,533 cr as Nick Read calls on FM Sitharaman

Telecom firm advised to pay up at least the principal amount before SC hearing

Vodafone Idea pegs dues at Rs 21,533 cr, less than half of DoT estimate

Beleaguered Vodafone Idea Ltd on Friday put its total dues to the government following a Supreme Court order at Rs 21,533 crore -- less than half of what the Department of Telecommunications (DoT) has estimated. On a day when Vodafone Group CEO Nick Read met top ministers, including Finance Minister Nirmala Sitharaman and Telecom Minister Ravi Shankar Prasad, the UK telecom giant's India joint venture, Vodafone Idea Ltd in a statement said it has already paid Rs 3,500 crore out of the "self-assessed" liability of Rs 21,533 crore. The DoT, following the Supreme Court ruling in October last year which said that all kinds of income generated by telecom companies will be considered for calculating government dues, had estimated Vodafone Idea's liabilities at over Rs 53,000 crore. On March 4, Minister of State for Communications & IT Sanjay Dhotre, in a written reply to a question in the Lok Sabha, stated that Idea Cellular owed the government Rs 15,230.37 crore and Vodafone Group of ..

Balance AGR dues of telcos pegged at Rs 1,30,440 crore: Govt in Lok Sabha

On speculations regarding shutting down of Vodafone Idea, Dhotre said no such information is available with the government

DoT to issue notices as AGR receipts add up to only Rs 24,000 crore

With significant discrepancies cropping up in the AGR math, the industry may be facing a fresh round of dispute

Top headlines: DoT finds gaps in telcos' AGR math; PM urges calm on Corona

From Tatas making additional AGR payment to why foreign lenders are rushing to invest in Indian retail banking space, here are top 10 headlines of the day

DoT to seek details of AGR calculation from telcos this week

DoT has found discrepancies in the amount paid by the telcos and the sum sought by the government

Tatas make additional payment of Rs 2,000 crore towards AGR dues: Report

The DoT is set to write fresh letters to telecom companies questioning them about the variation in AGR dues assessed by firms themselves and its own calculations

DoT's test checks on telcos' AGR dues assessment may start soon: Report

A DoT official said that "test checks" of AGR calculation for a sample year would commence shortly and it could be as early as this week at least for large telecom companies

AGR: Voda Idea seeks hike in mobile data to Rs 35 per GB, calls to 6p a min

Current mobile internet prices are in the range of Rs 4-5 per GB

AGR dues: Voda Idea seeks relief; asks DoT for Rs 8,000 crore GST refund

The company has so far paid Rs 3,500 crore in AGR dues

AGR dues: DoT seeks Rs 7,608 cr from GAIL for FY18, doesn't press for full

The telecom department had previously estimated past dues to the tune of Rs 1.83 trillion, but it does not seem to be pressing for immediate full payment from the state-owned gas utility

Govt asks telcos to submit supporting documents on AGR self-assessment

The DoT wants to ensure that the court-mandated criteria is being followed by companies in computing their AGR dues, the source added

Delay in relief package: BSNL unions call for hunger strike on Monday

In October 2019, the central government approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL