The Government Amended The Telecom License Rules

The government amended the telecom license rules. Telecom company’s troubles will be solved, the government has relaxed the rules.

The government has relaxed the rules for telecom companies. Actually, the government amended the telecom license rules.

Under this, all non-telecom revenue, dividend, interest, property sale, and rent, among others, have been excluded from the calculation of license fee and spectrum usage fee.

It aims to reduce the tax burden on telecom operators. The amendment is part of the telecom package announced by the central government.

It is noteworthy that the old definition of Adjusted Gross Revenue (AGR) has been upheld by the Supreme Court.

This has put a burden of about Rs 1.47 lakh crore on telecom service providers including Bharti Airtel and Vodafone Idea.

According to the amendment made by the Department of Telecommunications on Monday, the applicable Adjusted Gross Revenue (APGR) will be calculated after deducting the income from these sources from the gross revenue of the companies.

After this, the categories already exempted under the old rules such as roaming income, interconnection charges, and goods and services tax will be deducted and then the final AGR will be worked out.

Based on this, the government calculates its share of the revenue.

The DoT said, “The amendment has come into effect from October 1, 2021. and shall be applicable to the dues relating to the operation of the licensee after the said date.”

Government’s strict action on rising prices of edible oils, UP notified storage limit; Many states in the final stage of the process

Amid efforts to check rising prices of edible oil during the festive season, the Union government on Monday said Uttar Pradesh has notified the storage limit for edible oils.

Many other states will do so soon. Food Secretary Sudhanshu Pandey reviewed the status of storage limits for edible oils during a virtual meeting with representatives of various states on Monday.

In this, Pandey told that about 23 states participated in the meeting.

Uttar Pradesh has already notified the stock limits for various categories like retailers and wholesalers, bulk consumers, and refiners.

The Uttar Pradesh government has fixed the stock holding limit in the range of 1-25 tonnes for various stakeholders and this was notified on October 12.

He said that the process of notifying the stock limits for edible oils in Rajasthan, Gujarat, and Haryana is almost in the final stage.

Nine other states and union territories have initiated the process of fixing storage limits.

These include Maharashtra, Odisha, Kerala, Jharkhand, Chhattisgarh, Andhra Pradesh, Tamil Nadu, Tripura, and Chandigarh.