3G auctions to complete within fiscal: CommMin
20 Jan 2010
Union Communications Minister A Raja said the 3G auctions and subsequent process will be completed within this fiscal.
"The government is keen to complete the 3G auction process well within the financial year," he said. According to the Minister, the notice inviting applications (NIA) will be issued this week.
It can be emphasized here that the 3G spectrum auction has been delayed for many times.
Even before the auction starts, the delay has resulted in a loss of Rs 10,000 crore to the government exchequer. The government was expecting to cough up Rs 35,000 crore since last year from 3G and BWA auctions but this figure slid to Rs 25,000 crore now.
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