SC dismisses telcos plea seeking correction in AGR calculation

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New Delhi, July 23 | In a big setback for telecom companies, the Supreme Court on Friday dismissed their plea seeking correction of alleged errors in Adjusted Gross Revenue (AGR) calculation.

A bench headed by Justice L. Nageswara Rao said all applications dismissed. On Monday, the apex court already said it would pass its order on applications filed by — Vodafone Idea, Bharti Airtel and Tata Tele Services Ltd — alleging arithmetical errors in calculation of AGR dues payable by them.

The top court, citing an earlier order in the matter, had noted the order clearly point out that no re-assessment of AGR related dues can be done. The telcos submitted that arithmetical errors can be rectified and there are cases of duplication of entries.

Senior advocate Mukul Rohatgi, representing Vodafone Idea, had submitted they were not blaming the Department of Telecommunications (DoT) for it, and there are arithmetical entries. Rohatgi added that they want to bring these errors to the attention of concerned department, for their rectification.

The bench reiterated that the apex court order had made it clear that there can’t be any re-assessment.

Rohatgi responded figures are “not cast in stone” and added, tribunals don’t have the power of review but they can correct arithmetical errors. He submitted that they were not seeking any extension of time.

Senior advocate Arvind Datar, representing Tata Tele Services Ltd, submitted rectification of errors in calculation can be done.

Solicitor General Tushar Mehta, representing the Centre, submitted he has not received any instructions from the DoT on allowing correction of errors.

The bench had said that it has said not just once, but twice and thrice that AGR demand can’t be recomputed.

Senior advocate A.M. Singhvi, representing Airtel, said there are cases of duplication and also of payments made but not accounted for. He submitted, “I don’t want to pay thousands of crores on account of these errors”.

Mehta said he can take instructions on this within two days. “It may be little hazardous for me to make statement without taking instructions..”, said Mehta.

In September last year, the top court had given 10 years’ time to telcos, who were struggling to pay Rs 93,520 crore in AGR dues outstanding amount to the government.

The apex court had said that telecom operators shall make the payment of 10 per cent of the total dues as demanded by DoT by March 31, 2021. The bench had said the rest of the amount was to be paid in yearly instalments commencing from April 1, 2021 to March 31, 2031.

Source: IANS

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PURPOSE FUELS YOUR PASSION: MUNISH MAYA

PURPOSE FUELS YOUR PASSION: MUNISH MAYA

Don’t get confused with your purpose and passion as both go well together

Passion as well as purpose both goes hand in hand. Purpose defines the passion in life. If you are passionate about something then there will be a purpose behind it. And if you feel that you are passionate about something but you are not able to find the purpose behind it then please do self-analysis. There is surely something that you are missing out on. Munish Maya in his Instagram post took out few minutes to write about Purpose and Passion, as he feels that it is an important topic to be discussed with everyone. Mr. Maya started writing his post by making a statement, “Many people confuse passion with purpose. Others struggle to find both.”

Self-analyzing is a very tough job and it’s completely natural to get confused. Solving this problem Munish Maya says, “Passion & purpose are distinct. Passion is the drive, the energy that makes us feel good. Like they say, ‘do what you love.” People follow their passion to live a stress-free life where they can enjoy whatever the work they are doing. It is well said, ‘Follow your passion and there will not be a single day when you will have to work.’ Whereas the most asked question in relevance to passion, ‘What is the purpose?’ is answered very well by Munish

Maya in his same post, “Your purpose is the reason, your ‘Why’ behind what you do.” 

Passion and purpose go hand in hand. Munish Maya says, “From over a decade, I experienced, learned, evolved & developed new passions. They have changed my life & perspective in a great way.” Passion serves the purpose of life. Munish Maya himself followed his passion when he realized that he cannot do a 9-5 profile job, and look at him now, he is the 1st Global Brand Ambassador of India. His passion leads him to define the purpose of his life. The only purpose of Munish Maya’s life is to serve people by guiding and enlightening them about their lives.

This confusion between passion and purpose is not for the lifetime. To which Munish Maya explained by saying, “But the sweet spot is where your passion & purpose align.

One fuels your internal drive while the other maximizes your outward impact.” When both purpose and passion start to align then you will start gaining success and positivity in life.

Munish Maya describes it more beautifully, “And in the path of manifestation, Purpose fuels Passion. By focusing on your purpose, you align your work with your deepest drive- your passion.” If you are passionate about something in your life, then the purpose of your life is served.

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CAT 2021 Registration Process to End on 15th Sep

CAT 2021 Registration Process to End on 15th Sep

CAT 2021: 6 days left to apply for this entrance Exam for admission into IIMs, IITs, FMS, MDI, SPJIMR and other top Business Schools.

IIM, Ahmedabad is going to close the CAT registration 2021 window on Sep 15, 2021. Going by trends however, they may extend the application date by another week or two.

The Common Admission Test (CAT) is scheduled to be held on Nov 28. The Indian Institute of Management Ahmedabad (IIM A), conducting the CAT exam 2021, will close the CAT 2021 registration on Sep 15. Candidates seeking MBA admission 2022-23, 2022-24 batch and interested in appearing for IIM CAT 2021 can fill up the CAT application form.

The CAT applications 2021 is available only in online mode at the official CAT website.  For completing the CAT registration process, candidates will have to pay a CAT application fee of INR 2200.00 for the general category and INR 1100.00 for the reserved category.

Only 7 days left to apply for the CAT Exam, it is the most popular management entrance exam of India. IIMs, IITs, FMS, MDI Gurgaon, SPJIMR, IMT Ghaziabad, XIM University, IMI Delhi, MICA, FORE School of Management, TAPMI, GIM Goa, LIBA, GLIM,  NIRMA, IFMR GSB, LBSIM and other top Business Schools accepting CAT Score. IIM Ahmedabad, IIM C, IIM Lucknow, XIM University, GLIM and other B Schools open applications for 2022-24 batch.

Select from 150+ MBA Colleges shortlist and Apply here,

CAT 2021 eligibility criteria

  • Academic qualification: Candidates should have a Graduation/ Bachelor’s degree in any stream from a recognized University/ Institute. Final year students are also eligible to apply for CAT 2021.
  • To be eligible for the CAT exam 2021, 50% marks (45% for SC/ ST/ PwD) in Graduation/ Bachelor’s degree was mandatory. However, due to the pandemic situation in the country, some changes have been made in this regard:
    • Candidates in the final year: Students with “promotion/ pass” instead of “award of marks” certificates in any of the last two years of the bachelor’s degree can enter the “Promotion or Pass” option in the CAT application form. It will allow the student to complete and submit the CAT 2021 application form. This eligibility relaxation is also applicable to those final year students with an “award” of marks.
    • Candidates graduated in 2020 and 2021: Due to the implementation of the above point, and considering that there could be different evaluation patterns adopted by different institutes/ universities across the country due to the COVID pandemic, the CAT committee has decided to remove the minimum percentage of marks criterion (50% and 45% [or equivalent CGPA] respectively) for the CAT 2021 exam.

About CAT 2021 The Common Admission Test CAT 2021 is a national level management entrance exam that is mandatory to take for admission into respective IIMs , IIT and over 1000+ B-schools across the country. CAT Exam 2021 will be conducted as a computer-based test in three sessions at over 420 test centres in 158 cities across the country. The CAT question paper comprises questions from Verbal Ability & Reading Comprehension (VARC), Quantitative Aptitude (QA), and Data Interpretation & Logical Reasoning (DILR). Students can expect the difficulty level of the CAT exam 2021 will be moderate to high.

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“Impact of Pandemic on Organisations” to be published in ‘Abhigyan’- peer-reviewed, journal of Foundation for Organisational Research and Education’ (FORE)

“Impact of Pandemic on Organisations” to be published in ‘Abhigyan’- peer-reviewed, journal of Foundation for Organisational Research and Education’ (FORE)

The outbreak of the Covid-19 pandemic has impacted organizations, industries, and businesses worldwide. It has applied a sudden brake on the organization’s function, compelling them to look for and adopt newer ways of survival. Organizations are also experiencing significant changes in personnel behaviors, which have further impacted organizational performance and outputs. It has led to the transformation of the working environment processes and procedures, communication and personnel relations, operational, and financial management, etc.

In response to the above, “Abhigyan which is a peer-reviewed, double-blind (refereed) quarterly Management Journal of the ‘Foundation for Organisational Research and Education (FORE), focusing on management and organizational research, is publishing a special thematic issue titled “Impact of Pandemic on Organisations” to record the effect of Covid-19 on the functions and activities of the organizations.

It shall cover original research articles and review studies related to sub-themes of challenges and opportunities for organizations, organizational performance management, impact on international students, government policies to help MSMEs, and unforeseen consequences of a pandemic on organizational development.

Abhigyan”, which has been published since 1983, provides an appropriate platform for readers across all domains for the exchange of ideas. In the present case, this issue with its focus on Covid-19 is intended to help the readers to have further awareness of the impact of the pandemic on various aspects of business and organizational management. It is hoped that this will be a welcome addition to the growing body of academic and organizational research on the post-Covid-19 business environment and help in finding ways and means to respond to the challenges emanating from it effectively.

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