Adjusted Gross Revenue Current Affairs, GK & News

Adjusted Gross Revenue

Adjusted Gross Revenue (AGR) is a fee sharing mechanism. Under this, the telcos pay a usage fee to the Government. AGR Under AGR system, the revenue is shared between the telcos and the government. These telcos are those companies that shifted from fixed license fee model to revenue sharing fee model in 1999. Background The ..

Indian Government Majority Stake in Vodofone

The Vodofone recently announced that its board members have given permission to convert the Adjusted Gross Revenue dues to equity. With this GoI will now have 35.8% of share in Vodofone company. This makes it the largest shareholder of Vodofone. Background The Vodofone had to pay Rs 58,254 crores of Adjusted Gross Revenue to the ..

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Adjusted Gross Revenue (AGR) Judgement

The Supreme Court has allowed 10 years for staggered payment of AGR dues. The court also observed that contempt proceedings will begin in case of non-payment of installment. Every year by 7th February, payments have to be made. What is AGR issue? The telecom sector was liberalized under the National Telecom Policy, 1994 after which ..

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