18th October 2023 Current Affairs for UPSC and STATE PSC Exams
Current Affairs for UPSC
18th October 2023 Current Affair: These current affairs updates for October 18, 2023, provide valuable information to aid your preparation for UPSC Current Affairs 2023and State PSC exams. The news headlines covered in the current affairs for October 18, 2023, include Same-Sex Marriage, Sir Syed Ahmad Khan: Pioneering Reforms and Educational Vision, The Supreme Court’s Verdict, Reshaping Telcos’ License Fee Taxation and the Telecom Industry, Democratic Values in India.
The Supreme Court of India made a recent ruling regarding telecom companies like Bharti Airtel and Vodafone Idea.
The ruling reclassifies the annual license fees, calculated based on adjusted gross revenue (AGR), as capital expenditure.
It rejects the telecom firms’ argument that these fees should be treated as revenue expenditure due to their connection with annual gross revenue.
This decision overturned previous judgments from the Delhi, Bombay, and Karnataka High Courts that favored the telecom companies.
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