~
The government today said in the Lok Sabha that a special audit has observed that Reliance Communication and its other subsidiaries under reported revenues during 2006-07 and 2007-08.
There was an under reporting of Rs 1000 crore to Rs 1500 crore by the telecom firms, to avoid payment of licence fee, and the government may have lost about Rs 250 crore due to this, Telecom Minister A Raja said during Question Hour.
The Department of Telecom (DoT) had appointed special auditors to look into financial accounts of five leading telecom companies for allegedly indulging in fudging of accounts and under-reporting of revenue to the telecom regulator TRAI during 2006-07 and 2007-08 to avoid payment of licence fee.
Out of five auditors the one for RCom has submitted the report, the Minister said.
"The auditor has observed that three companies -- RCom, Reliance Telecom and Reliance Communications Infrastructure Ltd (all belonging to Anil Ambani group) -- under reported their revenues to the TRAI during 2006-07 and 2007-08," the minister said.
The observations are under examination of the DoT, he said adding whatever action is needed, it would be taken by the end of January next year.
A committee, headed by Member (Finance), DoT is looking into the nearly 900-page report.
Raja said the DoT shall raise additional demands including interest and penalty, as per licence terms, on the concerned licencees (RCom and others), after examination of special auditor's report.
Replying to a supplementary, Minister of State for Telecom Sachin Pilot said another case has been reported that a private internet service provider Tikona Private Limited was using wireless broadband even as the operator has not been assigned any spectrum.
"This is being examined by the Wireless Planning and Coordination (WPC) wing of the Telecom Ministry," he added.
~~ET
At Sampark Online Finserv LLP, we provide financial advice and distribute various investment products with the most efficient & widest range, customized specifically to your NEEDS..@ Whether you are keen on small investments or playing it big, We provide financial advice and distribute various investment/financial products with the most efficient & widest range, customized specifically to your NEEDs.
Monday, December 7, 2009
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Dec 03, 2009 सोने का नया रिकॉर्ड सोना जबरदस्त रफ्तार से दौड़ रहा है। हर रोज नए रिकॉर्ड बन रहे हैं। पिछले 15 दिनों में ही हाजिर बाजार में इ...
-
Those Who Joyfully Leave EVERYTHING IN GOD'S HAND Will Eventually See GOD'S HAND IN EVERYTHING WORRY ENDS, WHERE FAITH BEGI...
-
दोस्तों आपने कछुए और खरगोश की कहानी ज़रूर सुनी होगी, just to remind you; short में यहाँ बता देता हूँ: एक बार खरगोश को अपनी तेज चाल पर घमंड ह...
-
Hope this post helps one and all in understand how important it is to save consistently and regularly. One has no idea of the Power of C...
-
SENSEX-18845 Support-18750/18600/18480 Resistance-18990/19090/19150 NIFTY-5647 Support-5608/5570/5524 Resistance-5693/5720/5757
-
SAMPARK 75(193), G. T. ROAD RAMBANDHU TAKAW OPP-CHOWALAL SCHOOL ASANSOL-713303, (W.B),INDIA JALAN BHAWAN 52 N.S.ROAD...
-
Systematic investment plans (SIPs) are here to stay. Going by the growing number of SIPs, it does look like investors have taken to them...
-
#Yoga and #SIP 1. #Consistency and #Discipline: - Just as yoga requires regular practice, commit to contributing to your SIP co...
-
The market has taken a pause after the steep fall in the early part of the series and has been consolidating in the range of 5380-5500 for t...
-
Here is a list of some useful sites on the Internet : .::. STOCK NSE (National Stock Exchange of India) BSE (Bombay Stock ...
No comments:
Post a Comment