~
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
-
Those Who Joyfully Leave EVERYTHING IN GOD'S HAND Will Eventually See GOD'S HAND IN EVERYTHING WORRY ENDS, WHERE FAITH BEGI...
-
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...
-
A TO Z OF INCOME TAX PROVISIONS AT A GLANCE: 1. Detailed information of Income Tax is available on www.incometaxindia.gov.in 2. As per...
-
Gold has always fascinated us Indians but do you know how prices of gold have varied in India. I happen to visit RBI website which pub...
-
8 MILLIONS CHILDREN ARE NOT IN SCHOOL : THE POWER OF YOUR WORDS CAN HELP CHANGE THEIR LIVES .. JOIN THE MOVEMENT NOW
-
Insurers, it seem, believe that getting a family insured together is the best way to address the healthcareconcerns of people. Also, it...
-
What is a Systematic Investment Plan (SIP)? SIP is a method of investing a fixed sum, regularly, in a mutual fund. It is very similar ...
-
SAMPARK 75(193), G. T. ROAD RAMBANDHU TAKAW OPP-CHOWALAL SCHOOL ASANSOL-713303, (W.B),INDIA JALAN BHAWAN 52 N.S.ROAD...
-
Reasons to avoid multiple bank accounts: Try and stick to two, one for general purpose and another for your savings & invest...
No comments:
Post a Comment