The new financial year has started with a health crisis and complete nationwide lockdown. Lots of industries and sectors are suffering liquidity crisis in this pandemic, but a good news for Indian economy is that after lots of trouble, their Telecommunication Industry is reviving. The Aggregate Gross Revenue (AGR) issue in telecom industry came up in 2019. In October 2019, The Supreme Court declared that telecommunication industry has to pay 1.47 lakh crore rupees collectively as their AGR dues till 23rd January 2020. Telecom industry filed a review petition against this charge, which was finally rejected by the Supreme Court on 16th January 2020. There are total 15 companies under this AGR charge but currently only three companies are providing telecom services (the big 3 - Bharti Airtel, Reliance Jio and Vodafone Idea). In March 2020, Bharti Airtel estimated their AGR dues to be 13,000 crore rupees but paid a total of 18,000 crore rupees. Whereas the struggling Vodafone Idea was u...
Harkaran is a Student, part-time Poet, and Economics admirer.