Jio damages such a blow to the Modi government, loss of Rs 4400 crore

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Since the launch of Mukesh Ambani's telecom venture Reliance Jio Infocomm, telecom companies are constantly getting a loss. Many companies have been forced to sell profits due to reduced sales. Interestingly, the shock of the Central Jigers of the Central Government has hit a shock. Recently, the government has admitted in Parliament itself that it has reduced its revenue by about Rs 4400 crore. How damaged is ...

Government gives details in Parliament

In the Parliament, the Government acknowledged that during fiscal year 2017-18, the revenue of the government from the telecom sector has reduced by almost 22 percent. The government said that this has happened because of the decrease in earnings from service sales to service providers. Government levies a portion of the revenues received from service providers ie telecom companies, from the sale of telecom services, as a license fee and spectrum usage charge (SUC). Significantly, the soft launch of Mukesh Ambani's Reliance Jio was done on December 25, 2015 and its services were launched in September, 2016. in one year