AGR subject an ‘unprecedented’ disaster for telecom sector handled by govt, says Bharti Airtel Chairman Sunil Mittal
New Delhi: Bharti Airtel Chairman Sunil Mittal on Thursday met Telecom Minister Ravi Shankar Prasad and sought minimize in taxes and levies for the sector, amid the “unprecedented” AGR disaster.
Mittal mentioned Airtel is dedicated to complying with the Supreme Courtroom order on adjusted gross income (AGR) dues and asserted that the corporate will make steadiness cost “expeditiously”.
“AGR is an unprecedented crisis for industry, which is being dealt with by government,” he mentioned.
Mittal additional mentioned the business is closely taxed and steered minimize in taxes and levies for the sector.
He mentioned Airtel has time until 17 March to make steadiness funds, including that the corporate pays its dues “much before that”.
Mittal on Wednesday mentioned the telecom sector has been underneath stress for the final three-and-a-half years and the federal government ought to give attention to its sustainability.
After assembly high finance ministry officers, he instructed reporters that the difficulty of pending dues arising out of the Supreme Courtroom ruling on Adjusted Gross Income (AGR) was not mentioned.
Airtel has paid Rs 10,000 crore out of its estimated legal responsibility of over Rs 35,000 crore.
Vodafone Concept Chairman Kumar Mangalam Birla, who had met the telecom secretary on Tuesday, additionally met finance ministry officers on Wednesday.
Firstpost is now on WhatsApp. For the newest evaluation, commentary and information updates, join our WhatsApp companies. Simply go to Firstpost.com/Whatsapp and hit the Subscribe button.
Particular Thursday Expiry on 10th seventh Nov
Early Closure to The Nice Diwali Low cost
Final Probability to get Moneycontrol Pro for a yr @ Rs. 289/- solely
Coupon code: DIWALI.
Discover newest and upcoming tech devices on-line on Tech2 Gadgets. Get know-how information, devices critiques & rankings. Fashionable devices together with laptop computer, pill and cell specs, options, costs, comparability.