Indian Telecom : Do not Kill the Golden Goose
As the Supreme Court of India took up the contentious issue of Adjusted Gross Revenue (AGR) and computation of arrears payable by the Telecom Operators on last Thursday, the flip-flop of our bureaucratic governance was exposed for the umpteenth time. The bench headed by Justice Arun Mishra raised questions on the demand raised on the PSUs and said that its verdict in the case was misinterpreted. Issuing demand notes for arrears of license fees to non-Telecom PSUs in Oil and Gas and Power sectors was unwarranted according to the Court. The contentions before the Court related to the Private operators who had been asked related to pay huge dues on account of pending licence fee and interest for delays. The Court also asked the Private players to submit a detailed schedule for the deferred dues. The Telecom scenario in India as it has panned out since liberalization needs a serious and critical look at this juncture. At this time, when the nation is reeling from the fa...