The Union federal government on Thursday informed the Supreme Court that it had withdrawn 96%of its 4 lakh crore demand in adjusted gross profits (AGR) from non-telecom public sector endeavors (PSUs).
The turnaround comes days after the court pulled up the federal government for “misusing” its October 2019 judgment to get money from PSUs like DMRC, Oil India, GAIL and Gujarat Narmada Valley Corporation.
A three-judge Bench, led by Justice Arun Mishra, had actually made it clear that its AGR decision last year was only limited to AGR charges owed by telecom companies and not PSUs who had nothing to do with the sector.
