SME Times is powered by   
Search News
Just in:   • G7 leaders stress joint efforts to fight global economic risks  • Mamata Banerjee sworn in Bengal CM for 2nd time  • Short covering buoys equity markets  • Microsoft, Facebook to build 6,600 km subsea cable for faster internet  • China's central bank pumps more money into market 
Last updated: 27 Sep, 2014  

2gTHMB.jpg UPA govt, Congress question CAG over 2G

UPA.9.jpg
   Top Stories
» I have undertaken maximum reforms: Modi on 2 years as PM
» India keen on more investments from Bahrain
» Govt will pursue amendment on labour laws after unanimity: FM
» India's doors always open for Africa: Minister
» 'No charges of corruption against NDA govt'
SME Times News Bureau | 16 Nov, 2012

A day after the much-hyped 2G spectrum auction turned out to be a damp squib, both the UPA government and the Congress Thursday questioned the Comptroller and Auditor General Vinod Rai's claim of estimated loss of Rs.1.76 lakh crore in the spectrum allocation in 2008.

The 2G spectrum auction Wednesday yielded only Rs.9,407 crore, much below Rs.40,000 crore the government expected.

Information and Broadcasting Minister Manish Tewari asked Rai why the spectrum auction yield was nowhere close to his estimated loss.

"Mr. CAG, where is the Rs.1.76 lakh crore? I think it is time for some serious introspection. It's 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 swan song of politics over the last two years, should publicly apologise," Tewari told reporters.

Taking a dig at the CAG, Congress general secretary Digvijaya Singh said: "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."

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 BJP and the Left criticised the government's reaction.

"The government keeps looking for ways to attack constitutional bodies like the CAG which are acting in an independent manner," BJP vice-president Mukhtar Abbas Naqvi told reporters.

Communist Party of India (Marxist) leader Nilotpal Basu said: "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."

"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.

According to the CAG, former telecom minister A. Raja's decision to allocate spectrum in 2010 at 2001 prices had caused a presumptive loss of Rs.1.76 lakh crore to the exchequer.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.90
65.85
UK Pound
96.35
94.20
Euro
75.95
74.10
Japanese Yen 61.15 59.75
As on 27 May, 2016
  Daily Poll
Will new National IPR Policy foster innovation, R&D?
 Yes
 No
 Can't Say
  Commented Stories
» Starting an import export business: Basic guide for beginners(8)
» Govt lists tax benefits given to boost growth, jobs(2)
» The Silk Road - A journey through history(1)
» Bread makers not to use potassium bromate, iodate; CSE hails decision(1)
» The promise of e-commerce(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter