India asked to pay Rs 40 crores, not Rs 20,000 crores to Vodafone Group: Govt sources

New Delhi : After UK telecom major Vodafone Group won an international arbitration against India, the central government has been asked to pay only Rs 40 crores to the telecom giant, government sources said on Friday.

Sources said that there is a wrong impression that the government will have to return Rs 20,000 crores because of the award in the arbitration case invoked by Vodafone International Holding BV,

The Government of India has been asked to pay only 4.3 million pounds or Rs 40 crore which is 60 per cent of the tribunal’s administrative cost while the rest 40 per cent of the cost would be borne by Vodafone, sources said.