The deadlock over the payment of dues of farmers who have supplied sugarcane to the NCS Sugars Limited at Latchayyapeta in Sitanagaram mandal of Vizianagaram district continues, with the factory management failing to clear the arrears in time, citing issues pertaining to auction of land under the Revenue Recovery Act. Farmers led by Rythu Sangham … Read more
With the telecom sector reeling under severe financial stress and Vodafone Idea staring at bankruptcy in case it is made to pay its adjusted gross revenue (AGR) dues, the government is considering options to stick to the Supreme Court’s directive but with least possible impact on the financials of the stressed operators. According to people … Read more
The government has received Rs. 15,697 crores in AGR dues as on Thursday with the latest payment of Rs. 1,000 crores by Vodafone Idea. While Bharti Airtel paid Rs. 10,000 crores on Monday, Vodafone Idea paid Rs. 2,500 crores that day and another Rs. 1,000 crores on Thursday. Tata Teleservices has paid Rs. 2,197 crores … Read more