Live
- Nizamabad MP Dharmapuri Arvind and Jagtial MLA Dr. Sanjay Kumar Meet CM Revanth Reddy
- Hyderabad CP CV Anand Issues Stern Warning to Bouncers
- MP Laxman Criticizes Police Conduct, Calls for Support for Victims' Families
- Fire Breaks Out in Kachiguda-Chennai Egmore Express, Passengers Evacuated Safely
- CM Revanth Reddy Condemns Attacks on Film Personalities' Homes, Calls for Strict Action
- Victory Venkatesh and Nandamuri Balakrishna to Set Screens on Fire with Unstoppable Season 4
- Over 71.81 crore Ayushman Bharat Health Account numbers generated: Centre
- In special gesture, Kuwait's Prime Minister sees-off PM Modi at airport after conclusion of historic visit
- Veer crowned PGTI Ranking champion, Shaurya wins emerging player honour
- Sr National Badminton: Unseeded Rounak Chauhan, Adarshini Shri reach singles semis
Telecom sector debt at massive 7.88 lakh crore
The telecom sector is under a mountain of debt at Rs 7.88 lakh crore and these are the figures as of August 31, 2017, as per data released in Parliament on Wednesday.
New Delhi: The telecom sector is under a mountain of debt at Rs 7.88 lakh crore and these are the figures as of August 31, 2017, as per data released in Parliament on Wednesday.
Telecommunications Minister Ravi Shankar Prasad said in a reply in Parliament that as per the Inter-Ministerial Group report of August 31, 2017, the total debt of the telecom industry was Rs 7.88 lakh crore.
Of this, the total Indian debt is Rs 1.77 lakh crore, the foreign debt is Rs 83,918 crore and the total bank/FI debt is Rs 2.61 lakh crore. The bank guarantees are at Rs 50,000 crore. The deferred spectrum liabilities of DoT is to the tune of Rs 2.95 lakh crore.
The other third-party liabilities are Rs 1.80 lakh crore, taking the total liabilities to Rs 7.88 lakh crore. This was stated in a reply to an unstarred question raised by Kaushalendra Kumar, Ramesh Chander Kaushik, Rajiv Ranjan Singh, Saugata Roy and LS Tejasvi Surya on whether the government plans to waive the interest and penalties on the AGR levy as per Supreme Court.
Telecommunications Minister Ravi Shankar Prasad said in the reply that the Supreme Court has given three-month time to deposit the payment and report the compliance. The Minister in his reply said no such proposal of a waiver of interest and penalties is under the consideration of the government as on date.
