SUCI(C) vehemently oppose 100% FDI in Telecom sector and moratorium on pending tax from them


Comrade Provash Ghosh, General Secretary, SUCI(C), issued the following statement on 16 September 2021:
We vehemently oppose the decision of the BJP-led central government to allow 100% FDI in telecom via the automatic route which means that foreign investors would not need any prior approval from the government but would only notify the Reserve Bank of India (RBI) after the investment is made. We also note with consternation that when the government is imposing hefty indirect tax on the progressively pauperized common people and made BSNL, a government organization sick by design, it has granted a four year moratorium on payment of due taxes to the extent of Rs 50,399.63 crore to Vodafone, a British telecom company, as well as payments for airwaves aimed at helping private sector telecom giants Bharti Airtel, Reliance Jio and Vodafone Idea, on the pretext of “deep and broad” reform.
This move of total opening of telecom sector to private monopolists, both domestic and foreign, would entail steep rise in telephone tariff which would be borne again by the common people. We once again call upon the suffering countrymen to rise up against such anti-people pro-corporate policies of the BJP government and launch a powerful movement to prevent such continuous fiscal assault on them.

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