Telcos get Rs 42,000 crore lifeline as govt defers spectrum payout by 2 yrs

The beleaguered telecom industry was handed a Rs 42,000 crore lifeline by the government as it announced a two-year moratorium on payment of spectrum dues by mobile operators. However, there was no relief on the Rs 1.47 lakh crore Adjusted Gross Revenue (AGR) demand arising from the Supreme Court's judgement on October 24. Any relief on the matter can only be given by the top court.

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