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Alarmed by the risk that the telecom AGR (adjusted gross revenue) mess has created for a large bank exposure, the Reserve Bank of India (RBI) has requested the government to provide some relief to the telecom players on clearance of the dues.

“RBI has asked the government to consider a moratorium on the AGR,” ETNOW reported, quoting sources. It said the central bank has voiced its concerns to the Finance Ministry and the PMO.

source