Airtel, Vodafone, Idea, Reliance and Aircel Stolen Rs 7,697.6 crore of government

 21 Jul 2017 ( News Bureau )
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Six private telecom companies, including Airtel, Vodafone, Idea, Reliance and Aircel, have reduced their revenue by Rs 61,064.5 crore between 2010-11 and 2014-15. This resulted in less payment of Rs 7,697.6 crore to the government. That is, due to these companies, the government of India has lost revenue of about 7 thousand 697 crore.

In the Parliament of the Comptroller and Auditor General (CAG) today, it has been revealed in the latest report submitted on 21st July. It has been stated in the report that six operators showed the total Adjusted Gross Revenue (AGR) of 61,064.5 crore rupees.

CAG audited accounts for five operators Bharti Airtel, Vodafone India, Idea Cellular, Reliance Communications and Aircel from 2010-11 to 2014-15. While the time limit for Sistema Shyam from 2006-07 to 2014-15. CAG said that due to the reduction in revenue, the government suffered a loss of Rs 7,697.62 crore. Interest on this low payment till March 2016 is Rs 4,531.62 crore.

According to the CAG, during 2010-11 and 2014-15 on Airtel, the outstanding amount of government's license fee and spectrum usage fee (SUC) of Rs 2,602.24 crore and interest of Rs 1,245.91 crore is made on it. Total outstanding Rs 3,331.79 crore is made on Vodafone, of which Rs 1,788.44 crore is of interest. Similarly, the total outstanding of Idea is Rs 1,136.29 crore. Interest in it is Rs 657.88 crore. Anil Ambani-led Reliance Communications has an outstanding of Rs 1,911.17 crore. Interest in it is Rs 839.09 crore. Outstanding of Aircel is Rs 1,226.65 crore and Sistema Shyam is 116.71 crore rupees.

Under the new telecom policy, licensees have to pay a fixed share of their Adjusted Gross Revenue (AGR) in the form of annual license fee to the government. In addition, mobile operators have to pay Spectrum Usage Fee (SUC).

This report of the CAG has come at a time when big telecom companies are facing challenges on many fronts. After the arrival of Reliance Jio, there is tremendous pressure on the earnings and profits of the operators established. Different financial institutions and banks have outstanding over Rs 6.10 lakh crore on the telecommunications industry.

Explain that these telecom companies in the private sector provide mobile services to consumers in different parts of India. But these companies are bound to obey the government's telecom policy and the laws of the Central Government. Earlier, private telecom companies were also accused of joining irregularities.

 

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