Recently, the Supreme Court in the case of Adjusted Gross Revenues allowed the telecom companies 10 years’ time to pay the AGR dues to the department of telecommunications. The decision comes after the last years’ judgment which upheld the government definition of AGR calculations. The judgment is important with respect to its detailed and strict plan and its possible impact on the telecom and Banking sector and overall Indian Economy.
In the current century, India’s growth has been fuelled by one sector above all – telecommunications. The connectivity revolution has powered India’s IT giants and helped hundreds of millions of Indians to get onto the grid, giving them a chance to improve their prospects. All of the government’s flagship initiatives’ success depends on this sector and its growth and penetration play a vital role in the government’s strategy to improve the economy. However, currently, telecom business is pushed into crushing debt and possible bankruptcy due to the Supreme Court’s judgement on the definition of AGR. The Department of Telecommunications (DoT) is going issue notices to telecom companies after January 24, the deadline for payment of AGR dues set by the apex court. This is despite the SC agreeing to list the modification petition filed by Bharati Airtel, Vodafone Idea and Tata Group.
The Union Cabinet has approved the National Policy on Electronics (NPE) for the Electronics System Design and Manufacturing (ESDM) sector in India. The aim of the policy is to make India a global hub for ESDM by creating an enabling environment for the industry.
Recently, the Union cabinet chaired by Prime Minister Narendra Modi has approved National Digital Communications Policy (NDCP 2018). It replaces the current National Telecom Policy 2012 in order to satisfy the modern needs of the digital communications sector in India.