NEW DELHI: Adjustment of one-time entry fee paid by telecom companies, whose licences were quashed by the Supreme Court, against the spectrum price they paid in 2012-13 deprived national exchequer of Rs 5,476.3 crore, a CAG report tabled in Parliament said ... Economic Times, 2 months ago
The CAG report has been much awaited as operators had been resisting auditing of their books since 2009 and had moved different courts to challenge mandate of the official auditor. The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday. The Comptroller and Auditor General of India (CAG) in ...Rediff.com, 2 months ago
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