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Airtel's Mittal says Indian Telecom sector was under stress

Bharti Airtel boss Sunil Bharti Mittal on Wednesday (19) said that the Indian telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability.

He made the statement after meeting top finance ministry officials.


He revealed that the issue of pending dues arising out of the Supreme Court ruling on Adjusted Gross Revenue (AGR) was not discussed during the meeting.

He asserted that the telecom industry is vital to the nation and the digital agenda of the government.

"The only thing government needs to do is to focus on how to ensure the sustainability of the sector," Mittal said.

He clarified that Airtel has already announced its plans to pay the dues that arose from the apex court ruling.

The company has paid Rs 100 billion out of its estimated liability of over Rs 350 billion.

Mittal clarified that the company has now started calculating its liability.

Vodafone Idea Chairman Kumar Mangalam Birla, who had met the telecom secretary on Tuesday (18), also met finance ministry officials.

It was not clear if they met the officials together or separately.

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UK weighs new ‘invite-only’ investor visa for wealthy foreigners after scrapping golden route

  • The UK is reportedly considering a new investor residency visa with a minimum £5m investment requirement.
  • The proposed route could focus on sectors such as AI, clean energy and advanced technology.
  • Wealthy Indians and global business families may closely watch the scheme if it moves ahead.

The UK government is reportedly exploring a new “invite-only” residency visa aimed at attracting ultra-wealthy investors, signalling a possible return of investor migration routes four years after Britain scrapped its controversial golden visa programme over money laundering concerns.

According to reports, the proposed UK investor visa scheme would allow selected high-net-worth individuals investing at least £5m into key sectors of the British economy to secure residency rights for an initial three-year period, with a possible route to permanent settlement later.

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