SME Times is powered by   
Search News
Just in:   • Sensex crashes to lowest level of 2015  • Help transform Rajasthan, Raje urges India Inc.  • SC notice on move for private sector heads of govt banks  • Light Reading Launches Africa/Middle East Research Service  • EFY's Monthly 'Top 10 Community Contributors' Announced 
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
» Lok Sabha passes GST bill
» FM warns of delay in GST roll-out if bill sent to house panel
» Lack of funds, cultural bottlenecks a bane for women SME owners
» PM to launch 3 mega social security schemes on May 9
» GDP to grow at 8.1-8.5 pc in 2015-16: Minister
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
62.95
61.95
UK Pound
99.15
96.95
Euro
71.45
69.70
Japanese Yen 53.04 51.85
As on 06 May, 2015
  Daily Poll
Do you agree that India is in a much better place after one year of Modi rule?
 Yes
 No
 Can't say
  Commented Stories
» MAT row: Lack of policy clarity proves fatal(10)
» MSME schemes - Do you know all of them?(7)
» Govt. approves subsidy for 2,221 cold storages(6)
» Is policy paralysis back?(6)
» Starting an import export business: Basic guide for beginners(4)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter