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Friday, 16 November 2012

2G auction flop show: Where are those Rs 1.76 lakh crore? Kapil Sibal asks

cleanmediatoday.com


2G auction flop show: Where are those Rs 1.76 lakh crore? Kapil Sibal asks
Clean Media Correspondent

NEW DELHI, Nov 16 (CMC) Attributing "sensationalism" over the CAG's presumptive loss figure of Rs 1.76 lakh crore for the "killing" of the telecom sector, government today 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 garner the estimated Rs 40,000 crore from spectrum sales. 

An Empowered Group of Ministers (EGoM) headed by finance minister P Chidambaram will meet soon to decide on price and date for auction of spectrum in circles like Delhi and Mumbai, telecom minister Kapil Sibal told a news conference. 

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