Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
Government attack CAG over 2G losses
Last Updated : 15 Nov 2012 07:02:56 PM IST
Manish Tewari
File photo of Information and Broadcasting minister Manish Tewari.
 

After the flop 2G spectrum auction that yielded only Rs.9,407 crore, Government and the Congress on Thursday questioned the Comptroller and Auditor General's estimated loss of Rs.1.76 lakh crore in the spectrum allocation of 2001, drawing fire from the opposition.


Information and Broadcasting minister Manish Tewari led the government attack by asking CAG Vinod Rai as to why the spectrum auction had not yielded anything close to the loss it had estimated.
 

"Mr CAG, where is the 1.76 lakh crore? I think it is time for some serious introspection. Its time the CAG introspects on his processes and it is high time that the BJP and some of the other opposition parties, which had made this their holy grail and swansong of politics over the last two years, should publicly apologise," Tewari said while speaking to reporters.

Congress leader Digvijay Singh also took a dig at the national auditor's estimate of loss in the 2G spectrum allocation in 2001.

"The CAG should reconsider how far its estimate was right with regard to the report, which it had earlier given and the losses that it had computed (in spectrum allocation two years ago)," Singh said.

BJP hit back at the government. "Government keeps looking for ways to attack constitutional institutions like the CAG which are acting in a fiar and independent manner," party vice president Mukhtar Abbas Naqvi said.

Singh sought to dismiss the suggestion that the auction yielding less revenue this time is a reflection of disenchantment of telecom companies with the government.
 

The government was targeting a minimum of Rs 28,000 crore from the sale of 2G spectrum in the GSM band and the tepid response may upset its efforts to meet the revised fiscal deficit target of 5.3 per cent of GDP.

Overall, the government had budget Rs 40,000 crore as revenue from spectrum sale this fiscal.

The CAG had in 2010 said the then Telecom Minister A Raja's decision to give away spectrum at rates fixed in 2001 had caused a presumptive loss of Rs 1.76 lakh crore to the exchequer.

CPI-M's Nilotpal Basu also lashed out at the government gunning for the CAG.
 

"If the government argues like that, it will only be the Devil's advocate. Because, you will always have to remind yourself of the fact that the then telecom minister A Raja gave out 122 licenses for Rs.9,200 crore.

"Thus, the 22 licenses which were out on auction this time have already fetched more than what they had got for all the 122 licenses then," he said.

Former CAG T N Chaturvedi came out in support of Rai. "He (Rai) examined the situation at that particular point of time. He is not a crystal gazer. He couldn't have anticipated, as some papers have said, that the banks are reluctant to give loans because the market has slowed down," he said.

"There are difficulties in the telecom sector. For that you can't hold the CAG responsible. There was such a rush then. Probably, things are stabilising. They (telecom operators) are getting much more realistic. So far as the CAG is concerned, at that point of time, he assessed the whole thing and can't take responsibility for it later on," he said.
 


Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

Its homecoming of sorts for gorgeous former Miss Universe Sushmita Sen as she is set to s

Bollywood actress Sunny Leone was looking stunningly beautiful as she walk the ramp as t

Salman Khan a "national boyfriend" this name has been given to him by Karan Johar, Karan

Aamir Khan is fiercely protective about his movies, but the story of Peekay has been leake

Pakistani actress Saba Qamar's “Kambakht” is set to clash with Salman khan’s upcomin

People still think that Manju from Comedy Nights With Kapil is actually Kapil Sharma's rea

Recently, two Pakistani actresses have made inroads into Bollywood. Humaima Malick will be

These women can put to shame celebrities who boast of having a size zero figure. These wom

Rabiya Khan, the mother of deceased Bollywood actor Jiah Khan, assured the Bombay High Co

Another love lady of Akshay Kumar. Bollywood Khiladi has a long list of love affairs Sta

Bollywood's selfie obsession has caught the fancy of almost all stars in the industry. See

Social networking sites have been flooded by the news how Deepika Padukone wished Happy Bi

When Malaysian Airlines flight MH17 came down after being hit by a missile in east Ukraine

Sunny leone is in a denial mode but the site owners have her signed contract.Sunny isone d

A Malaysia Airlines plane was blown up over Eastern Ukraine by a sophisticated missile bel

We bet you did not know these facts about the birthday girl Priyanka ChopraToday is our de

A new study has claimed that if you sleep in the nude, then you can have a happier relatio

Russian President Vladimir Putin was on target but terrorists by mistakenly shot down Mala

Another conspiracy that is originating from the blasting of the Malaysian airlines flight

With the MeT department warning of heavy showers at various places in Uttarakhand on Satur

In an interview Katrina Kaif has confessed that Kareena Kapoor has amazing qualities.

A class 12th student, identified as Maqsood, was mauled by a white tiger at Delhi Zoo on T

BlackBerry on Monday launched its new smartphone BalckBerry Passport for Rs 49, 990 in Ind


Samay Live

Samay Live

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

10.10.70.45