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The Union cabinet has approved a relief package for telecom sector on September 15, 2021. The relief package includes a four-year moratorium on payment of statutory dues by telecom companies.
Definition of AGR has been a major cause for stress in the telecom sector. Its definition has now been rationalised by excluding the non-telecom revenue of telecom companies. AGR are the revenues, considered for payment of statutory dues.
Any investment made from an individual or firm of a foreign country into a country is called Foreign Direct Investment. When a foreign company acquires ownership or controlling stake in shares of a company in one country or establishes businesses there, is called as FDI. It is different than the foreign portfolio investment in which foreign entity just buys equity shares of a company. Foreign entity gets a day-to-day say in operations of the company under FDI.
By: Brijesh Kumar ProfileResourcesReport error
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