As there is so much confusion wrt the AGR saga and all the differences between 'Department of Telecommunication' and 'Telecom Companies', I tried to create a timeline of important events that happened till date.
A small thread 🧵👇🏻
Image sourced from: @barandbench
A small thread 🧵👇🏻
Image sourced from: @barandbench
1/
1994
With National Telecom Policy (NTP), Government started allocating the telecom licenses. The deal was to pay a fixed fee for license and the spectrum per year.
But, the telecos failed to pay the amount as they were struggling even to break even.
1994
With National Telecom Policy (NTP), Government started allocating the telecom licenses. The deal was to pay a fixed fee for license and the spectrum per year.
But, the telecos failed to pay the amount as they were struggling even to break even.
2/
1999
New Telecom Policy was introduced which made changes in the way the telecom companies were required to pay for the license and the spectrum.
The deal was to pay a percentage of the AGR (Adjusted Gross Revenue).
1999
New Telecom Policy was introduced which made changes in the way the telecom companies were required to pay for the license and the spectrum.
The deal was to pay a percentage of the AGR (Adjusted Gross Revenue).
3/
2007-19
AGR matter was disputed in court. On 24th of October, the Supreme Court ruled in favor of the DoT.
The court calculated the liability of Bharti Airtel at Rs 21682 crore and Vodafone-Idea at Rs 28308 crore.
2007-19
AGR matter was disputed in court. On 24th of October, the Supreme Court ruled in favor of the DoT.
The court calculated the liability of Bharti Airtel at Rs 21682 crore and Vodafone-Idea at Rs 28308 crore.
4/
23rd Jan. 2020
Deadline for payment of the sum.
The companies were not able to pay the amount by 23rd January 2020.
23rd Jan. 2020
Deadline for payment of the sum.
The companies were not able to pay the amount by 23rd January 2020.
5/
11th June 2020
SC dismissed the plea of telecos of allowing them 20 years to pay the sum.
11th June 2020
SC dismissed the plea of telecos of allowing them 20 years to pay the sum.
6/
10th Aug. 2020
SC questions the IBC process of telecos like aircel, rel. com stating that the government won't be able to recover its dues and only banks get their share.
10th Aug. 2020
SC questions the IBC process of telecos like aircel, rel. com stating that the government won't be able to recover its dues and only banks get their share.
7/
1st Sept. 2020
Supreme court announced a landmark judgement.
It allowed the telecos a period of 10 years to pay the AGR dues . Also, it ordered telecos to pay 10% of the dues upfront by 31st March 2021.
1st Sept. 2020
Supreme court announced a landmark judgement.
It allowed the telecos a period of 10 years to pay the AGR dues . Also, it ordered telecos to pay 10% of the dues upfront by 31st March 2021.
8/
January 2021
Airtel and VI moved to SC seeking directions to DoT to recalculate the AGR dues.
Calculations of telecos vs Government demand for Airtel and VI are: (13004 cr vs 43980 cr) and (21533 cr vs 58400 cr).
January 2021
Airtel and VI moved to SC seeking directions to DoT to recalculate the AGR dues.
Calculations of telecos vs Government demand for Airtel and VI are: (13004 cr vs 43980 cr) and (21533 cr vs 58400 cr).
9/
April 2021
DoT files affidavit before SC for AGR payment.
DoT's interpretation: Telecom companies must pay 10% of the balance amount of the AGR.
Teleco's interpretation: We have paid 10% of the total AGR dues and hence there is no pending liability by 31st March.
April 2021
DoT files affidavit before SC for AGR payment.
DoT's interpretation: Telecom companies must pay 10% of the balance amount of the AGR.
Teleco's interpretation: We have paid 10% of the total AGR dues and hence there is no pending liability by 31st March.
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