Cabinet approves relief package for Vodafone Idea, freezes Rs 87,695 crore AGR dues
The government on Wednesday cleared a significant relief package for Vodafone Idea, freezing a large portion of its outstanding dues and granting a five-year moratorium on payments, a move seen as a crucial lifeline for the debt-ridden telecom operator.
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the freezing of adjusted gross revenue (AGR) dues of Vodafone Idea Ltd (VIL) amounting to Rs 87,695 crore.
