Government Approves Relief Package for Vodafone Idea, Freezes AGR Dues
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Government Approves Relief Package for Vodafone Idea, Freezes AGR Dues

The Indian government has approved a significant relief package for Vodafone Idea, freezing Rs 87,695 crore in Adjusted Gross Revenue (AGR) dues and granting a five-year moratorium on payments. This measure aims to protect the government's stake, ensure sector competition, and safeguard consumers. The frozen dues will be reassessed, with payments to commence from the 2031-32 fiscal year. This decision provides a critical lifeline to the financially struggling telecom operator.

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