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Govt likely to announce relief package for AGR hit telcos by mid-April

The government is expected to announce a bailout for telecommunications companies in mid-April. It may include an extension of the payment period for adjusted gross revenue (AGR) that telcos owe to the government. Some possible interventions could include a payment plan in several instalments of AGR dues. The package will provide an overview of the sector, keeping in mind the ambitious roll out of 5G. With the Supreme Court ruling on the repayment, the government is unlikely to reduce the penalty and interest on the AGR dues.

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