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Public interest vs revenue goals: Govt must change definition of AGR with retrospective effect


Unless the definition of AGR is amended retrospectively, in accordance with Trai Recommendations, the telecom industry and the Digital India initiative of the government would meet an untimely demise.

Can the government waive off the interest, penalty and reconsider the principal amount of AGR? The answer, is a resounding “Yes”. The government can do this by making an amendment to the license agreement definition of AGR, which applies retrospectively.
If the Indian government plans to stand behind its players, it will send out a positive signal and give an impetus to the industry. This won’t be a diversion from ...


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