MTNL

MTNL to Get Financial Assistance to Meet MAT Liability

Comments Off on MTNL to Get Financial Assistance to Meet MAT Liability 6

The government today approved a DoT proposal for providing one-time financial support to state-run telecom company MTNL for meeting liabilities arising from levy of minimum alternate tax (MAT).

The Cabinet Committee on Economic Affairs (CCEA), which is headed by Prime Minister Narendra Modi, has given it approval to the proposal, an official statement said today.

“This decision will help MTNL keep floating in the highly competitive telecom sector. It will also help MTNL arrange finances to meet its basic financial commitments like operations and maintenance of their telecom network,” it added. Original post at ET Telecom

Wahengbam Rorrkychand

View all contributions by Wahengbam Rorrkychand

Website: http://www.blog.tonsetelecom.com

Similar articles

Get in Touch

Phone: +91 80 4093 6921
Web: www.tonsetelecom.com

NewsLetter