Relief for telcos as DoT willing to review appeal in one-time spectrum charge case

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New Delhi, Oct 5 | In a major relief for embattled telcos, the Centre has informed the Supreme Court that it is reviewing and reconsidering its decision on one-time spectrum charge (OTSC), which could impose financial liability to the tune of Rs 40,000 crore approximately on telecom companies, and it may not press for its appeal pending in court, while seeking three weeks’ time to take a final decision.

In a short affidavit, the Department of Telecommunication (DoT) under the Ministry of Communication, said the amount involved, which is the subject matter of adjudication, would be imposition of financial liability on various telecom service providers (TSPs)to the tune of Rs 40,000 crore approximately.

The DoT asked the top court for three weeks’ time to review its decision to penalise telcos – Airtel and Vodafone Idea – for a delay in paying one-time spectrum charges.

The Centre said the telecom sector is passing through a financial stress since sometime due to various circumstances and despite certain measures taken by the government in public interest, most TSPs providing mobile phones and broadband services have been making losses.

“The Indian Bank Association has also conveyed to the Central government in writing those adverse developments in telecommunication sector may lead to failures, vanishing competition, duopoly, unsustainable operations, and severe loss for the banking system which has a huge exposure to this sector,” it said in the affidavit.

Noting that the Centre is desirous of reviewing or reconsidering its decision to proceed with the present proceedings of appeal, the affidavit said: “The appellant prays for three weeks’ time so as to enable the Central government to take an informed decision whether to proceed with present appeal or not. The central government prays for adjourning the above referred group of appeals for the period of four weeks”.

The affidavit also cited decision taken by the Union Cabinet to encouraging competition amongst TSPs by preventing a situation where viability of some of the TSPs become unsustainable, resulting in a monopolistic situation and other adverse impact on the economy.

On Tuesday, the top court has agreed to grant DoT time to reconsider levy of Rs 40,000 crore one-time spectrum charge. A bench headed by Justice M R Shah noted that as a court concerned with larger public interest, it can’t allow waivers and posted the matter for further hearing on November 17.

The OTSC dues are based on DoT rules that require a telco holding spectrum beyond 6.2 MHz/circle between July 2008 and December 31, 2012, to pay a one-time market linked price for the excess spectrum held.

Similarly, telcos are required to pay the market price for airwave holdings beyond 4.4 MHz/circle between January 2013 till the expiry of their respective licences.

In July 2019, the Telecom Disputes Appellant Tribunal (TDSAT) ruled that the one-time spectrum charge could be levied prospectively, not retrospectively. The DoT then moved the top court, which refused to stay the TDSAT order.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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