RCom to receive ?104cr from government after SC rejects plea.
I Challenge Your Order: The SC on Tuesday rejected the government's plea challenging a refund of ?104cr to Reliance Communications (RCom).
Hit Refresh: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT), had in December 2018, asked the government to return ?104cr to the then telecom arm of the Anil Ambani-led Reliance Group after encashing bank guarantee of ?908cr against spectrum charges of ?774cr. The tribunal's order however, was challenged by the government. NDTV
Beyond All Expectations: The government could possibly surpass its budgetary target for revenues from the telecom sector for 2019-20 by anything between ?13,000cr and ?50,000cr, depending on the review petition with the SC, which had imposed a ?1.47tr bill on telcos in the form of licence fees and spectrum user charges (SUCs).
Zooming Out: In its July Budget, the government had targeted more than ?50,519cr in revenue in 2019-20 from the telecom sector, a 28% increase Y-o-Y. An increase in revenue was expected to come from licence fees, SUCs, and deferred payment for spectrum bought earlier. BS
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