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Showing posts with label Bank job. Show all posts
Showing posts with label Bank job. Show all posts

Tuesday, 18 August 2020

Reliance Jio may have to pay RCom's debt, the central government may take a big decision

 Reliance Jio, the country's largest telecom operator, may also have to pay AGR dues and feels it will not get relief. The apex court has asked the government whether the GO should pay the AGR arrears accordingly.

 During the last hearing in the AGR (Adjusted Gross Revenue) case, the Supreme Court asked why Reliance Jio should not pay the outstanding AGR for the spectrum acquired by Reliance Communications when it has been using it for three years. Significantly, under an agreement, Reliance Jio is using the spectrum of Anil Ambani Group company Reliance Communications (RCom).

 A three-judge bench headed by Justice Arun Mishra asked the government, i.e. the Department of Telecommunications (DOT), to clarify its position on the matter as to whether Geo should be paid for the spectrum taken from RCom. In 2016, Geo decided through a deal that it would use 17 circles of RCom spectrum for its 4G services.

 Adjusted Gross Revenue (AGR) is the consumption and licensing fees charged by telecom companies through the Department of Telecommunications (DOT) of the Ministry of Communications. It has two parts - spectrum usage charges and licensing fees, which are 3-5% and 8%, respectively.

 The Department of Telecommunications says AGR should be calculated on the basis of a telecom company's total revenue or income, including revenue from non-telecom sources such as deposit interest and asset sales. Telecom companies, on the other hand, said that AGR should be calculated on the basis of revenue from telecom services.

 But in October last year, the apex court in its judgment against telecom companies said that according to the telecom department, they would have to pay the AGR arrears. The arrears of all telecom companies are around Rs 1.5 lakh crore.

 It also includes RCom's outstanding money. According to the Department of Telecommunications, RCom owes about Rs 25,194 crore. The court has sought an up-to-date data from the department on the outstanding amount, as interest on it is rising. The court believes that now that Geo is using RCom's resources i.e. spectrum, it should pay the outstanding amount of AGR.

 However the government is also running the matter safely and has said it will accept whatever the court decides. Xiao, on the other hand, says it is already paying SUC charges for the use of spectrum as per the rules.

Wednesday, 16 October 2019

Indian Bank Recruitment for Peon Posts for 10th Pass, Apply Soon

Indian Bank invites online applications to fill the following vacancies in various states for the post of Security Guard cum Peon in subordinate cadre. Recently it has issued recruitment notification for 115 vacancies. As per the notification of Indian Bank Peon, these vacancies have been allotted for Indian Bank Security Guard cum Peon Vacancy. Applicants who are looking for bank jobs in Central Government, can register online from 14.10.2019. Last date for submission of online application for Indian Bank is 08.11.2019. Applicant must have passed 10th standard or equivalent and the age limit should be 18 to 26 years. The candidate must be an ex-serviceman from the Army's Navy Air Force.

 Total Posts - 115

 Eligibility: - Applicants should be 10th pass or equivalent from a recognized board. Army should be ex-servicemen from Navy Air Force. See advertisement for educational qualification.

 Age Limit - The age limit should be 18 to 26 years. For more detail, see notification for age limit and waiver.

 Selection process: - Indian Bank recruitment process will be based on objective type test, local language test, physical fitness test and driving license.

 How to apply - Candidates can apply online through the official website before the last date.