-CNN-IBN The Supreme Court on Monday flayed the government over what it called a "casual" attempt by it to Auction the 2G spectrum. Chiding the government for not complying with its order and letting "lower ranking officials" file affidavits in the matter, the apex court refused to take on record the Centre's affidavit that had been filed by an under secretary-level officer. The court directed that the affidavit must be filed...
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Has the 2G spectrum Auction really been a failure?-Surajeet Das Gupta
-The Business Standard Deconstructing the numbers shows companies have bid smartly to get the best deals The recently concluded sale of 1,800-MHz spectrum through Auction to telecom service operators, or telcos, has been declared a damp squib for two reasons: One, only five telcos participated in the Auction; and two, the bids added up to Rs 9,407 crore, which was less than a third of the Rs 30,000 crore the government had...
More »Govt plans another Auction of 2G spectrum by March 31
-The Times of India 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 31, 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. Blaming sensationalism for collapse of the country's telecom growth...
More »Where’s the 1.76L crore, Congress asks CAG after 2G Auction flop
-The Times of India The Congress on Thursday seized on the low yields of the 2G spectrum Auction to attack the federal auditor's Rs 1.76 lakh crore revenue loss projection, setting the stage for another round of bitter feuding with the opposition. After the Supreme Court-ordered 2G Auction yielded just Rs 9,407 crore, information and broadcasting minister Manish Tewari hit out at the comptroller and auditor general, saying, "Mr CAG, where is...
More »Sensationalism killed telecom sector: Kapil Sibal
-The Indian Express Attributing "sensationalism" over the CAG's presumptive loss figure of Rs 1.76 lakh crore for the "killing" of the telecom sector, the government on Friday said it plans to Auction by March-end the circles that were not taken in the flopped sale of mobile phone spectrum this week. It also rejected Opposition allegations that government was celebrating the failure of the Auction and said notwithstanding the poor response, it will...
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