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DoT moves SC, seeks telcos to pay AGR dues over 20 years

3 views | Mar 16, 2020, 05:57:32 PM | Times Now
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The telecom department (DoT) moved to the Supreme Court seeking a 20-year window for telcos to pay their adjusted gross revenue (AGR) payment of Rs 1.47 lakh crore over 20 years. The apex court will hear the case tomorrow. As per DoT proposal all the telcos should 'be allowed to pay the unpaid, or remaining to be paid, amount of past DoT assessed/calculated dues in annual instalments over 20 years (or less, if they so opt), duly protecting the net present value (NPV) of the said dues using a discount rate of 8% (based on one-year Marginal Cost of Lending Rate of SBI which is currently 7.75%)'.

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