Close Menu
KeralaTelecom.Info
    Facebook X (Twitter) WhatsApp Telegram
    19 May 2025, Monday
    Latest Updates
    • BSNL IPL Bonanza Data Offer Recharge ₹251 with 251GB Data
    • BSNL to offer unlimited 4G data with prepaid mobile Plan Vouchers and Special Tariff Vouchers
    • BSNL Prepaid Mobile Special Tariff Voucher 215 withdrawn with effect from 3rd April 2025
    • BSNL offers Free FTTH for new Customers till 30th June 2025
    • BSNL extended Rural FTTH Plan “HOME WiFi / GHAR KA WiFi 399” to Urban Customers with Cashback Offer
    • BSNL revises 5G/4G SIM charges from 1st April 2025, Free SIM for new & MNP customers
    • BSNL Fiber Internet (FTTH) Installation Charges waived off till 31st March 2026
    • BSNL Onam Offer : Get 50 Mbps speed for 6 months @ just Rs 2399/-
    Facebook X (Twitter) WhatsApp Telegram
    KeralaTelecom.Info
    • Wired Broadband
      • DSL Broadband
      • Fiber Broadband
    • Wireless Broadband
      • Air Fibre
      • WiFi Hotspot
      • 5G / 4G / 3G Broadband
    • Basic Voice Service
      • Fixed Line (Landline)
      • Fiber Voice Service
      • GSM Mobile Service
    • Corporate Services
      • Enterprise Network Solutions
      • Enterprise Voice Solutions
      • Special Services
    KeralaTelecom.Info
    Home»BSNL»Private telecom companies understated their revenue and Government lost Rs 12,490 crore : CAG Report
    BSNL

    Private telecom companies understated their revenue and Government lost Rs 12,490 crore : CAG Report

    Tele Kerala (Chief Editor)By Tele Kerala (Chief Editor)March 12, 2016Updated:August 30, 2021No Comments
    Facebook Twitter WhatsApp Telegram
    The latest CAG report has revealed that six leading private telecom companies –  Reliance, Airtel, Tata, Idea, Vodafone and Aircel – adopted ingenious methods to understate revenue by over Rs 46,000 crore, which resulted in a loss of around Rs 12,490 crore to the government from 2006 to 2010.

    Private telecom companies understated their revenue and Government lost Rs 12,490 crore : CAG Report

    The government has ordered a special audit of telecom companies for three years. The CAG had been prevented from auditing these private service providers since 2009 after they moved different courts challenging its mandate. However, after the Supreme Court settled the issue in favour of CAG by an order of April 2014, these companies were compelled to share their accounts for inspection.

    “Verification of records of six PSPs indicated total understatement of Rs. 46,045.75 crore in gross revenue, having corresponding impact of Rs. 3,752.37 crore on licence fee (LF) and Rs. 1,460.23 crore on spectrum usage charge (SUC). The interest on this short/non-payment of LF and SUC works out to Rs. 7,276.33 crore,” the Comptroller and Auditor General of India (CAG) said.

    During the period from when the accounts were examined, the private operators were in a revenue sharing arrangement with the government. After a few years of reporting all income, some of these operators started shifting their profit to subsidiaries created for this purpose or adopting other measures to understate revenue. Another area for suppressing the revenues was transfer of assets by telecom companies to their subsidiaries at a value lower than market value or at nil value.

    The CAG said the financial impact due to understatement of gross revenues was Rs 1,507.25 crore for Reliance Communications, Rs 1,357.68 crore for Tata Teleservices, Rs 1,066.95 crore for Airtel, Rs 749.85 crore for Vodafone, Rs 423.26 crore for Idea and Rs 107.61 crore for Aircel. The combined loss includes interest charges of Rs 7,276.33 crore. 

    “The issues pointed out by the CAG pertain to those disputes, which have either been settled or stayed by various Courts. Further, we would like to reiterate that our member companies follow the highest standards of corporate governance and have always been in compliance with all regulations,” a joint statement of telecom industry associations – COAI and AUSPI said.
    As per the rules, telecom companies have to pay licence fee as well as spectrum usage charges based on their revenue to the government. The government levies about eight per cent licence fee on an operator’s adjusted gross revenue (AGR), while spectrum usage charge (SUC) is three-eight per cent.

    Dear readers, please share your views and opinions about this latest news via comments with us.
    Share. Facebook Twitter WhatsApp Telegram
    Previous ArticleBSNL Special Broadband plans exclusively for PCOs – ‘BB PCO 400’ and ‘BB PCO 1000’
    Next Article BSNL Holi Offers 2016: Extra Talk Time Offers available from Top Up 290 on wards for all prepaid mobile customers
    Tele Kerala (Chief Editor)
    • Website
    • Facebook
    • X (Twitter)

    Tele Kerala is the Chief Editor of KeralaTelecom.Info. He is having more than 13 years of experience in Indian telecom field. He is always interested in learning latest trends and developments in telecommunication sector.

    You May Also Like

    DoT Instructs To complete Police Verification for all SIM Selling Retailers

    October 7, 20211
    Read More

    SIM Card (Mobile Connection) Not to be issued to Minors !

    September 24, 20210
    Read More

    TRAI Report July 2021 : BSNL creates history, added 5 lakh+ new fiber broadband connections

    September 23, 20210
    Read More

    TRAI Report May 2021 : BSNL Bharat Fiber (FTTH) win customer hearts, added more than 11.29 lakh new connections

    July 29, 20214
    Read More

    TRAI Report : BSNL is selected as the best mobile network in India with highest Voice Quality even during Covid-19 pandemic period

    June 7, 20213
    Read More

    TRAI Report Card October 2020 : Jio & Airtel added more subscribers in wireless and wireline segments in the country

    December 23, 20200
    Read More
    Add A Comment
    Leave A Reply Cancel Reply

    bsnl-customer-care-details
    bsnl speed test logo
    bsnl application form
    BSNL FTTH TROUBLESHOOTING
    BSNL FTTH PLANS AND OFFERS
    BSNL BRoadband Internet Plans and Offers
    BSNL MOBILE PLANS AND OFFERS
    BSNL LANDLINE PLANS AND OFFERS
    Follow-Keralatelecom.info-on-google-news
    Discussion Forum
    • avenue17 on My BSNL Tunes app to activate your favourite song as Caller Tune
    • aviator-bharat on My BSNL Tunes app to activate your favourite song as Caller Tune
    • DanielAppox on BSNL Selfcare Portal to manage all BSNL Services Online : How to Register in BSNL Selfcare Portal ?
    • Mujtaba on Now BSNL Fiber Broadband is bundled with Free WiFi ONT in both Rural & Urban areas!
    • C V RATHNAM on How to configure BSNL FTTH Voice on Soft SIP Client on Mobile / Laptop? Enable WiFi calling facility for BSNL FTTH Voice
    Facebook X (Twitter) WhatsApp Telegram
    • Contact Us
    • Disclaimer
    • Privacy Policy
    © 2014-2025 || www.KeralaTelecom.Info

    Type above and press Enter to search. Press Esc to cancel.

    pixel