Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
Govt plans another 2G auction by March 31st
Last Updated : 16 Nov 2012 04:45:03 PM IST
Kapil Sibal
File photo of India's Telecom Minister Kapil Sibal.
 

The government plans to put on auction the circles that went without bids in the just concluded sale of 2G mobile phone spectrum, by March 31st, Telecom Minister Kapil Sibal said on Friday.


The "intent" is to have the auction of spectrum in four circles, including Delhi and Mumbai, before the end of the fiscal, Sibal told a news conference here.
 

Finance Minister P Chidambaram said the government "was not celebrating" the flopping of the auction and will continue to move forward.

An Empowered Group of Ministers (EGoM) "will be meeting soon" to decide on the next course of action, he said.

The auction, which lasted just two days, got total bids worth Rs 9,407.64 crore, just one-third of the minimum Rs 28,000 crore the government was expecting. The auction was a far cry from the 35-day bidding for the 3G spectrum in 2010 that got Rs 67,719 crore.

Sibal said besides Rs 9,407.64 crore from the auction, the government will also get Rs 7,936 crore by way of one-time fee to be levied on existing telecom operators holding spectrum more than a prescribed limit.

"There will be substantial net gain," Chidambaram said.

2G: Govt should move SC for re-look at Feb judgement
 

A senior advocate appearing for many telecom companies in the 2G spectrum matter today suggested that government should think of moving the  Supreme Court for a re-look at its judgement cancelling the 122 licenses in the wake of the results of the recent auction of radio waves.

He said the result showed that the CAG assessment of presumptive loss of Rs 1.76 lakh crore was "entirely baseless".

"In my view the government should ask the Supreme Court to have a re-look at the judgement and may be restore the 122 licenses," senior advocate Mukul Rohatgi said.

He said the February 2 judgement of the apex court, holding that auction was the only way forward and resultant cancellation of 122 licenses, was flawed.

He said the end result of the verdict was to refund Rs 1,650 crore to each of those whose licenses was cancelled which will amount to about Rs 20,000 crore but the auction has only fetched a fraction of it and that has to be paid in a staggered manner.
 

"So the end result is government has suffered, licensees have suffered, the foreign joint ventures have suffered, the  FDI climate has suffered, the consumer has not been benefited and finally the telecom sector has not progressed at all," Rohatgi, who is appearing for various telecom companies in courts, said.

He said the alienation of natural resources like spectrum was a policy matter and is best left to the government, especially if the object is for every citizen to have a phone at nominal cost.

Rohatgi said obviously auction cannot be the way forward as stated by the five-judge bench of the apex court.
 


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

super luxury car maker Rolls-Royce is gearing up to tap the country's Billionaires with ne

Coming-of-age drama 'Boyhood' won three of the biggest awards at the BAFTA 2015 but it was

Sunny Leone is seen scorching the screen in the first look of Leela with her bold acts.

Samsung unveiled the Galaxy S6 and Galaxy S6 Edge at Mobile World Congress in Barcelona, S

Reality TV star Kim Kardashian reportedly wants Beyonce to buy a house in her gated commun

Automaker Renault India today said it will roll-out a multi-purpose vehicle 'Lodgy' and a

Pharma tycoon Dilip Shanghvi surpassed Mukesh Ambani as the world's richest Indian with a

When Holi is round the corner, can anyone forget all-time hit Bollywood songs?

In an interim order, the Bombay High Court has restrained the city police from arresting o

Good news for the fans’ of Salman Khan and Deepika Padukone.

Reality TV star Kim Kardashian has posed nude for the upcoming 10th season of 'Keeping Up

Bollywood superstar Akshay Kumar and Actress cum Entrepreneur Shilpa Shetty Kundra have pa

Kashmir witnessed season's heaviest snowfall as the arterial Jammu-Srinagar National Highw

Mexican actress Stephanie Sigman has joined Monica Bellucci and Lea Seydoux as the new bon

Luxury carmaker Mercedes-Benz launched the all-new compact B-Class in both petrol and dies

Bollywood actor Poonam Pandey, gets relief as a local court in Bengaluru quashed a case pe

Automaker Renault India launched the new generation Duster priced at Rs 8.30 lakh (Delhi e

Now Bollywood A-list actors are competing to get nude on-screen.

The 2015 edition of the International Indian Film Academy Awards is set to enthrall Bollyw

India defeated Zimbabwe by six wickets chasing 288 runs target in World Cup Match.

Poonam Dhillon has a beautiful daughter and a son who will make a Bollywood entry.

A research was done on people from Wasington and the result shows that the smell of sweat

Lenovo on Friday launched a slightly more powerful smartphone, the Lenovo A6000 Plus, pric


Samay Live

Samay Live

 

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

10.10.70.54