Government to Refund ?104cr to RCom After SC Rejects Plea

RCom to receive  ?104cr from government after SC rejects plea.



Government to refund ?104cr to RCom 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


Government to Refund ?104cr to RCom After SC Rejects Plea


Telecom revenues likely to exceed target by ?50,000cr in 2019-20.

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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