Friday, October 08, 2010

On such a small amount ? "spectrum allocation had caused the national exchequer a loss of Rs.1,39,652 crore"

http://www.hindu.com/2010/10/09/stories/2010100955651600.htm


Spectrum: court seeks Centre's response to CAG report J. Venkatesan

NEW DELHI: The Supreme Court on Friday sought the Union government's response to the Comptroller and Auditor-General (CAG) report that said the 2G spectrum allocation had caused the national exchequer a loss of Rs.1,39,652 crore and a corresponding gain to few private persons and companies.

A Bench of Justices G.S. Singhvi and A.K. Ganguly asked Solicitor-General Gopal Subramaniam to go through the report and come out with his response on October 22, next date of hearing.

Earlier, Prashant Bhushan, appearing for the Centre for Public Interest Litigation, pointed to the report that stated that the Department of Telecommunications had overruled the specific objections of the Prime Minister, the Finance Minister and the Law Minister and awarded the scarce spectrum at very low rates to a favoured few, mostly ineligible companies.















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