SME Times is powered by   
Search News
Just in:   • Tradeindia.com celebrates silver jubilee  • Govt on right track but economic model needed: RSS  • Govt making efforts to ensure direct funds go to artisans  • Gold extends losses on firmer dollar  • Odisha plans industrial hub at Dhamra port 
Last updated: 27 Sep, 2014  

Telecom.9.Thmb.jpg Up to 50 pc cut in 2G spectrum base price recommended

Chidambaram.9.jpg
   Top Stories
» Tradeindia.com celebrates silver jubilee
» Govt on right track but economic model needed: RSS
» Exports decline behind poor GDP growth: FIEO
» SMEs' share highest in engineering exports: Sitharaman
» Modi effect: India, UAE to boost trade by 60 pc in 5-yrs
SME Times News Bureau | 08 Jan, 2013
A ministerial panel headed by Finance Minister P. Chidambaram Monday recommended up to 50 percent reduction in base price for second generation (2G) airwaves auction that will begin March 11.

The Empowered Group of Ministers (EGoM) has recommended 30 percent cut in the reserve price for the unsold spectrum in 1800 Mhz band, for which the auction was held in November last year.

For the CDMA-based radiowaves, the panel has recommended up to 50 percent reduction in the reserve price.

Talking to reporters after the EGoM meeting here, Telecom Minister Kapil Sibal said all the auction for the 2G airwaves will be held in March. "All the auction for which announcement has been made today (Monday) will be held in March 2013."

The auction will start March 11 in 1800 Mhz and the 900 Mhz bandwidth of the GSM spectrum. It will be followed by the auction of the Code Division Multiple Access (CDMA) airwaves in the 800 Mhz bandwidth.

"The auction for 1800 Mhz band in four circles in which bids were not received in November 2012 will be put up for auction. The reserve price will be 30 percent lower than the reserve price that was fixed in November 2012 auction," Sibal said.

The final decision on the reserve prices will be taken by the Union Cabinet.

The government is forced to lower the reserve price of the 2G spectrum due to the tepid response in November auction.

While only part of the airwaves put for auction in the GSM category was sold, there were no takers for CDMA airwaves. The government was able to raise only Rs.9,407 crore in the November auction, as against the target of around Rs.30,000 crore.

 
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
64.10
63.10
UK Pound
100.50
98.25
Euro
70.35
68.60
Japanese Yen 51.95 50.80
As on 05 Sep, 2015
  Daily Poll
Will market regulator's plan to simplify start-ups' listing help SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Can India become global growth engine(15)
» Starting an import export business: Basic guide for beginners(7)
» Odisha chit fund scam: Charge sheet against Micro Finance Ltd(3)
» MSME schemes - Do you know all of them?(2)
» Oil imports likely to touch 90 pc by 2020: Report(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter