Cabinet approves biggest spectrum auction

The mega spectrum auction is estimated to fetch about Rs 5.66 lakh crore

GN Bureau | June 22, 2016


#Arun Jaitley   #spectrum   #DoT   #telecom   #TRAI   #cabinet  
Cabinet approves biggest spectrum auction: Arun Jaitley

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

Comments

 

Other News

Ganga, Modi and people’s unwavering faith

When the truth was a few steps away from Modi’s gaze In November 2014, prime minister Narendra Modi made his first visit to his constituency Varanasi and launched a massive cleanliness drive at Asi ghat, which was covered in mud and silt. When locals sa

Schooling improved in India, shows HDI

India has slipped one spot in the Human Development Index 2016. India’s HDI value for 2015 is 0.624 — which put the country in the medium human development category - positioning it at 131 out of 188 countries and territories.   Between 1990 and 2015,

IIFCL gives Rs 3.5 crore for cancer treatment

An appeal was made to PSUs to contribute funds under their CSR Scheme towards Health Minister’s Cancer Patient Fund-CSR for treatment of poor cancer patients.    India Infrastructure Finance Company Limited (IIFCL) contributed an amount of Rs 7.5 crore in 2015-16.

Sick PSUs appraisal carried out

  The Department of Heavy Industry (DHI) has been undertaking appraisal of the status of each CPSE on case to case basis and the ones having profitability potential are supported to improve their performance while the chronically sick and loss making companies are closed down with attrac

Making Aadhaar mandatory for filing IT returns violation of constitution

The media reported very disturbing news on Tuesday. The government is seeking to amend the Income Tax Act, 1961 and to make it compulsory for taxpayers to have an Aadhaar card for filing income tax (IT) returns. If the Aadhaar number or the Aadhaar enrolment number is not provided by a taxpayer at the ti

A bucket list of stories on World Water Day

  What if there was a law for optimum use of water, conservation of rivers and underground water? It would have battled the water crisis in different regions of the country. Villagers from drought-hit regions of the country, mobilized by environmentalist Rajendra Singh have sought a

Video

योगी ने किया सरकारी दफ्तरों में गुटखा, पान और प्लास्टिक बंद

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter