The mega spectrum auction is estimated to fetch about Rs 5.66 lakh crore
GN Bureau | June 22, 2016
The mega spectrum auction plan, which was recommended by the department of telecommunications (DoT), was approved by the cabinet today. This is the biggest spectrum auction which is estimated to fetch about Rs 5.66 lakh crore.
Union Finance Minister Arun Jaitley said that the cabinet has also approved all suggestions made by the DoT and TRAI. The approved auction will have spectrum bands of 700MHz, 800MHz, 900MHz 1800MHz, 2100 MHz, 2300 MHz and 2500 MHz available for sale.
The government is auctioning 700 MHz for the first time, for which regulator TRAI had recommended a record high base price of Rs 11,485 crore per MHz.
Regarding pricing of user spectrum user charges, TRAI will go through the documents and fix the user spectrum charges as soon as possible.
The entire proposal has been approved and the government expects to raise at least Rs. 64,000 crores from the auction of about 2300MHz of spectrum and Rs. 98,995 crores from various services in the telecom sector in 2016-17.
ALSO READ: TRAI sticks to auctioning all spectrum in 700-MHz band
One year has passed since the Modi regime applied shock therapy to improve the functioning of the Indian economy through demonetisation on November 8, 2016. Thus, legal tender to rupee notes worth 1,000 and 500 denominations was withdrawn and 86 percent of the currency went out of circulation. It was claim
In a bid to meet the increase in electricity demand of Jammu & Kashmir during the winters, the centre has decided to allocate an additional 792 Megawatts to the state. The allocation of power to J&K from central generating stations (CGS) is 2,397 MW. The supply would be given by powe
Minister for petroleum and natural gas, skill development & entrepreneurship Dharmendra Pradhan has lauded the state run Indian Oil Corporation and IDCO (Industrial Development Corporation of Odisha) for signing a pact to establish a plastic park at Paradip in Odisha. Pradhan was speakin
An efficient monetary transmission is a sine qua non for the successful pursuit of its objectives by any central bank. Over the past two decades, it has been the endeavour of the Reserve Bank of India to strengthen the monetary transmission process, but these efforts have yet not yielded the desired result
The cabinet has approved the proposal for deputation of group A officers of department of telecommunications (DoT) and other ministries with telecommunication and information technology background to Telecommunications Consultants India Ltd. (TCIL). TCIL, a Miniratna PSU, is a premier telec
When it comes to dealing with the disputed border regions of Jammu and Kashmir, the Indian public favours an aggressive stance, said the Pew Research Center, a US based think-tank. A 63% majority believes the government should be using more military force. Few say India should use less force