New Delhi, Feb 26 (SocialNews.XYZ) Vodafone Idea has written to the government seeking help to pay the balance AGR dues.
The same letter also is written to Niti Aayog and Finance Minister seeking facilitation of the payment. VIL has dues of Rs 53,000 crore towards AGR though its self assessment is apparently a much lower figure.
Its methods include adjustment of Rs 8,000 crore of GST refund towards AGR, payment of penalty, interests and interests on penalty in a staggered period.
It also seeks immediate introduction of floor rate for tariffs, cut in licence fees from 8 per cent to 3 per cent and spectrum usage charges to 1 per cent from 3 per cent, moratorium of three years, then a 15-year payment tenure and lower rate of interest of 6 per cent.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz