Skip to main content

Telecom dept asks Voda India, Airtel to pay Rs 3,050 cr in penalties: ET

 Airtel has to pay Rs 1,050 crore and Vodafone Idea Rs 2,000 crore, says report.

Telecom

The telecom department has asked Vodafone Idea and Bharti Airtel to pay within three weeks Rs 3,050 crore as penalties for allegedly breaking licence terms by denying Reliance Jio Infocomm their networks, the Economic Times reported Friday two weeks after the government announced a relief package for the industry. Airtel has to pay Rs 1,050 crore and Vodafone Idea Rs 2,000 crore for the alleged violation of norms on points of interconnection (PoIs) in 2016, said the newspaper. The Telecom Regulatory Authority of India (Trai) had recommended fines in 2016; the telecom department accepted its recommendations in June 2019 but had not served the notices till now.

Vodafone and Idea merged in August 2018.

The union cabinet on September 15 approved a relief package for its cash-strapped telecoms sector including a four-year moratorium on airwaves payments due to the government. The measures gave breathing space to debt-ridden Vodafone Idea, which previously said it runs the risk of a shutdown without government help and more time to pay dues.


Comments

Popular posts from this blog

Best Unconventional Workout and Sporting Activities for Summer

In summers, depending upon conditions and circumstances one can incorporate both outdoor  and indoor activities in their training schedule.   Summer is the season of holidays, picnics, outings and beaches. With travel and binge eating proper workout becomes that much more essential in summers. But with heat and the sun outdoors, an individual has to balance his indoor and outdoor activities to get a fulfilling workout. In summers, depending upon conditions and circumstances one can incorporate both outdoor and indoor activities in their training schedule. Mentioned below are some of the best physical and sporting activities that one can use as a workout to stay fit in the summer season. Beach Sports - If in summers one is going to spend much time on beaches or at a beach destination then one may use beach sporting activities such as beach rugby, beach soccer, beach tennis and beach volleyball to stay fit. All of these sporting activities on sand provide a ...

Crypto exchange Binance temporarily suspends payments from EU's key network

  Cryptocurrency exchange Binance will temporarily suspend euro bank deposits from one of Europe’s key payments networks, it said in an email sent to users (Reuters) -Cryptocurrency exchange Binance will temporarily suspend euro bank deposits from one of Europe’s key payments networks, it said in an email sent to users on Tuesday. The email said that from 8 a.m. universal coordinated time on Wednesday, customers would no longer be able to deposit funds through the Single Euro Payments Area, or SEPA, schemes. The move was due to “events beyond our control”, the exchange said in the email. “Any deposits attempted via SEPA in the meantime will be returned within 7 working days. SEPA withdrawals are unaffected by this suspension”, Binance said. The development was reported earlier by the Financial Times. The network, which is a European Union project that aims to harmonise euro payments across the region, allows consumers to send euros across three dozen countries. Binance typically ac...

‘Farmers will get justice’, says member of SC panel on farm laws Ghanwat

  Included in the four-member committee set-up by the Supreme Court to hold talks with the farmers agitating over the new farm laws, Anil Ghanwat said that “protesting farmers will get justice” Included in the four-member committee set-up by the Supreme Court to hold talks with the farmers agitating over the new farm laws, Anil Ghanwat on Tuesday said that “protesting farmers will get justice.” The Supreme Court on January 12 stayed the implementation of three farm laws and tasked the committee of experts to listen to grievances of the farmers on the farm laws and the views of the government and submit its report to the court within two months. Anil Ghanwat, president of the Shetkari Sanghatana, a Maharashtra-based  farmer organisation  told ANI, “This movement should stop somewhere and a law should be made in the interest of farmers. First we need to listen to farmers, if they had some misconception about Minimum Support Price (MSP) and Agricultural Produce Market Commit...