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

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 7, 2020 10:05 AM 2 min read
Editorial

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

 

TELCOM

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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