Communications Minister Jyotiraditya Scindia has dominated out any reduction for telecom corporations on the problem of Adjusted Gross Income (AGR) dues, stating that the federal government has no plans to waive curiosity or penalties following the Supreme Courtroom’s verdict. In an interview with The Instances of India, Scindia emphasised that the matter has been settled by the apex court docket and there’s no proposal on his desk to revisit it.
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No AGR Waiver After Supreme Courtroom Verdict
Responding to queries on the continued monetary struggles of Vodafone Concept (Vi), Scindia made it clear that the federal government is not going to enhance its fairness stake within the firm past the present 49 p.c, and it’s now the corporate’s duty to care for revenue and loss and the steadiness sheet, in accordance with the report dated Might 31, 2025.
“Based mostly on authorities coverage, we transformed near Rs 36,000 crore of Vodafone Concept’s dues into fairness. We’re at 49 p.c right now, and I don’t see us rising that fairness stake within the close to future, in any respect. It is the duty of every firm,” he stated.
This assertion follows Vi’s late-night earnings report on Friday, Might 30, 2025, wherein the corporate posted a consolidated web lack of Rs 7,166.1 crore for the quarter ending March 2025.
At its Friday assembly, Vi’s board accredited the elevating of Rs 20,000 crore by a follow-on public supply (FPO), non-public placement together with certified institutional placement (QIP), or some other permissible mode.
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Vodafone Concept Should Handle Its Personal Revival
The minister underscored that telecom corporations are answerable for managing their very own monetary well being. “Revenue and loss and the steadiness sheet are the duty of the administration of every firm—be it BSNL, Vodafone Concept, Jio, or Airtel,” he added. Whereas the federal government does meet firm executives when approached, Scindia stated he doesn’t imagine in interfering in company operations, no matter whether or not the entity is public or has authorities fairness involvement.
“They need to outline their very own path at finish of the day. That is the job of CEO of Vodafone Concept,” Scindia reportedly stated when requested about turnaround timelines and accountability, particularly since public funds have been used to assist the corporate.
“There’s nothing on my desk at this level, so I am unable to remark. I believe the Supreme Courtroom has dominated on the matter, and that is the place it stands,” Scindia reportedly stated when requested whether or not the federal government plans to introduce laws to guard telecom corporations from penalties and curiosity.
Additionally Learn: Vodafone Concept Should Clear Authorities Dues, Says Minister
Satellite tv for pc Communications Open for World Gamers
On the problem of satellite tv for pc communications, Scindia stated the Division of Telecommunications (DoT) has obtained suggestions from the Telecom Regulatory Authority of India (TRAI) and can start processing them. Whereas he didn’t present a selected timeline for the rollout of satcom companies, he assured that efforts are underway to expedite the method.
Commenting on the entry of world gamers reminiscent of Starlink and Amazon’s Venture Kuiper, Scindia stated the Indian market is open to competitors. “Whoever needs to come back into my market, examine all of the containers when it comes to the principles and laws and processes—we would like you right here,” he stated, including that buyer selection stays the highest precedence. He emphasised {that a} wholesome market thrives on competitors, whether or not from home or worldwide gamers.
Indian Market Welcomes Competitors
“Similar to the mounted line area or the cell area or the broadband area, equally in satellite tv for pc, I need competitors. Everyone seems to be welcome right here. Tick the containers. Hurry up and begin enterprise,” the Union Minister reportedly stated.
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