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
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

India’s active caseload remains below 5%, recovery rate remains above 93%

India’s present active caseload (4,43,486) is 4.85% of the total positive cases, and has been sustained below the 5% mark, the health ministry said in a bulletin Monday. The Recovery Rate continues to be above 93% as 93.68% of all cases have recovered as of date. In the 24 hours to Mon

Covid-19 too will be history one day: Dr. Harsh Vardhan

Covid-19 will soon be a “past episode”, Dr. Harsh Vardhan, minister for health and family welfare, has said, hoping that “vaccines available very soon, and the cases will significantly go down in the next few months”. “It is not the first one and definitely not

India’s reforms could support medium-term growth

The revival of the government’s reform agenda in response to the coronavirus pandemic shock has the potential to raise India’s medium-term growth rate, Fitch Ratings has said in a new analysis, while also taking note of downside pressures to growth and adding that it will take time to assess wh

Govt working towards resolving MSME issues through banking reforms: Patra

Acknowledging that much needs to be done in the banking sector, BJP national spokesperson Sambit Patra has said that the government was working on the nitty-gritties. “As far as the Indian banking system is concerned, a lot is still to be done and rest assured work is under progress. T

India’s AI supercomputer Param Siddhi makes mark on global stage

Param Siddhi, the high performance computing-artificial intelligence (HPC-AI) supercomputer established under the National Supercomputing Mission (NSM) at C-DAC, has achieved a global ranking of 63 and thus among the TOP 500 most powerful non-distributed computer systems in the world. The su

Delhi readies to contain COVID surge

A slew measures have been under way for a more effective response to the rise in COVID-19 infections in Delhi, with the union home ministry pushing for more testing as well as adding to the healthcare infrastructure. After home minister Shah held a meeting on the Delhi COVID situation on Nov



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter