In absence of a relief regarding AGR dues, Vodafone Idea will be forced to close operations, putting 10,000 jobs in danger, company’s advocate Mukul Rohatgi told the Supreme Court. Tax exemptions in Union Budget 2020 lifted consumer confidence in February after a substantial slump in the previous month. FM Nirmala Sitharaman assures that prices will not increase in the short-term due to the coronavirus outbreak. Read for more top stories from the world of business and economy:
Mukul Rohatgi, the senior counsel for Vodafone Idea said that if the telco shuts shop, the whole telecom sector would be impacted, eventually wiping out competition and leaving just two firms in the market.