Dependence Jio has shot off a second letter to telecom serve Ravi Shankar Prasad to fabricate pressure on the administration, saying the last doesn’t have any legitimate ground to give help to Bharti Airtel and Vodafone Idea on the installment of statutory levy dependent on balanced gross income (AGR).
The Mukesh Ambani-drove telco said that the officeholder administrators’ contentions in any event, for a waiver or bringing down of intrigue, punishment, and enthusiasm on punishment on such levy had been expelled by the Supreme Court in its ongoing request on AGR.
Extremely rich person Mukesh Ambani’s Reliance Jio Ltd. oppose any move by the Indian gov to give money related alleviation to rival telecom administrators, which have been requested to pay $7 billion in the past levy, saying they had a satisfactory plan of action to reserves.
Bharti Airtel Ltd. can without much of a stretch raise Rs. 40,000 crore by selling a portion of its assets or properties, while Vodafone Idea Ltd. has no deficiency of assets to pay the administration its levy, Reliance Jio said in an announcement dated November 1 and gave Sunday. The Supreme Court had a month ago arranged Bharti and Vodafone Idea to pay Rs. 49,990 crore.
All telecom operators have to deposit applicable amounts within the 3 month time period, as mandated by the court, said by reliance.
Conclusion- Soon all other companies are going to close their business in INDIA due to heavy loss & only 1 or 2 telecom companies will remain operational in INDIA.