Telecom scam News
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Telecom stocks on Friday fell by up to 4 percent hit by concerns that DoT will soon issue demand notice of over Rs 12,500 crore to six telecom operators amid allegations of under-reporting of revenue to the tune of Rs 45,000 crore.
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The Department of Telecom is expected to notify new penalty norms within a month that may end the practice of levying maximum penalty of Rs 50 crore for even minor mistakes.
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