On 14 Feb, the Supreme Court came down heavily on telecom companies and the DOT. As they rush to adhere to the SC judgment, it could open a Pandora’s Box for the Indian economy.
What happened till now?
On October 24, 2019, the SC passed an order asking the telecom companies to pay up Rs.1.47 trillion to the DOT as AGR charges. This charge based on annual gross revenue (AGR) had been disputed by the telcos for nearly 15 years. However, SC ruled that the DOT stance was legally binding. Meanwhile, the telcos skipped the Jan 24 deadline and DOT went soft by asking its officials to go easy on telecom companies. SC on 14 Feb came down heavily on this.