2g Case

Don't blame govt for 2G mess: Sam Pitroda

New Delhi: Father of Indian telecom revolution Sam Pitroda said that we should not blame any government for the cancellation of the 122 2G licences by the Supreme Court as it was part of a process. He also said that the court order will not make any difference to the Indian growth story in telecom and IT. Speaking exclusively to Karan Thapar on Devil's Advocate, he said the country is...  

2G: CVC chief, CBI Director to prepare blueprint

New Delhi: Central Vigilance Commissioner Pradeep Kumar has convened a meeting with CBI Director AP Singh to discuss the modalities and prepare a blue print for further investigations into the 2G scam. Official sources said the meeting between the chiefs of the anti-corruption watchdog and the investigating agency is likely to be held this month. They said a decision in this regard was taken by the CVC officials following a...  

SC order on 2G Spectrum case final: Pranab

Kolkata: Union Finance Minister Pranab Mukherjee said in Kolkata on Friday night that the Supreme Court's order in the 2G Spectrum case was final and no appeal could be made against it. "It is the apex court's order and no appeal can be made against it. We have to study different implications of the Supreme Court's judgement," Mukherjee told reporters at his south Kolkata residence shortly after arrival from New...  

SC verdict on 2G: What it means for consumers

New Delhi: The Supreme Court on Thursday cancelled all the 122 licenses issued in 2008 during the 2G spectrum allocation. A fresh auction will be held within four months. But what does it mean for the customers and the industry? The verdict has come as a huge embarrassment to the government and a jolt to the telecom sector. As many as 122 2G licenses cancelled in 22 circles across India...  

Govt must clarify stand on 2G: Foreign telecos

New Delhi: Norwegian firm Telenor on Thursday sought a fair deal from the Indian government to protect its investment in the country after the Supreme Court cancelled the license of its joint venture Uninor, while analysts viewed the verdict as a setback for foreign investment in the sector, at least in the short run. "We look to the government to arrive at a fair outcome that doesn't jeopardize our lawful...  

Glad that 2G matter is progressing: CVC

New Delhi: The Central Vigilance Commissioner Pradeep Kumar on Thursday expressed satisfaction over the progress in 2G issue and said the Commission will give a prompt response after studying the Supreme Court judgement. "We will study that judgement. We will respect that judgement and CVC as you know has referred the matter to the CBI and we are glad that matter is progressing," Kumar told reporters here. Asked about the...  

2G: Sibal meets PM after SC judgement

New Delhi: Telecom Minister Kapil Sibal on Thursday met Prime Minister Manmohan Singh shortly after the Supreme Court judgement that canncelled all 122 licences issued in January, 2008. "Will issue a statement once I get the judgment. I am waiting for it," Sibal said. He is understood to have discussed the implications of the Court order and steps to be taken. The Supreme Court has cancelled 122 licences holding that...  

2G spectrum was UPA's monumental fraud: Arun Jaitley

The BJP leader said that the Home Minister's continuance in office is increasingly becoming untenable. ...

SC order in 2G not a bad news for investors: Telecom expert

Telecom expert Mahesh Uppal says that the SC order in 2G case will bring more transparency in the allocation process. ...

Sword still hangs on Chidambaram's head in 2G: BJP

Ravi Shankar Prasad said that P Chidambaram and A Raja were privy to the decision making process in 2G case. ...

2G: SBI not worried about telecom exposure

New Delhi: State Bank of India (SBI), the country's top lender, is not worried about loans to telecom companies, whose licences have been cancelled, going bad as they may bid again, its deputy managing director Santosh Nair said. Shares of SBI fell as much as 4 per cent after Supreme Court revoked all 122 telecos licences issued under a scandal-tainted 2008 sale. The National Stock Exchange's banking index reversed losses...  

Govt will examine 2G verdict by SC: Pranab

New Delhi: Finance Minister Pranab Mukherjee on Thursday said the government will examine the implications of the judgements given by the Supreme Court in the 2G case on Thursday. "Judgements have come and we will have to examine judgements and its implications. Government will examine it," said Mukherjee. He was responding to questions on Supreme Court's verdict on 2G case delivered today, on the sidelines of a Customs department function....  

Innocent telecos will suffer in 2G: Experts

New Delhi: The Supreme Court on Thursday delivered a blow to the telecom industry by cancelling all licenses issued post January 2008, all in relation to the multi-crore 2G scam. 122 licenses have been cancelled out of which 21 belongs to Videocon, Uninor holds 22, Idea 9, Tata Teleservices 3, Swan Telecom 13 and Loop 21. Penalties have also been slapped on Uninor, Swan Telecom and Tata Tele of Rs...  

Oppn interprets without knowing: Cong on 2G

Congress leader Rajiv Shukla said that the 2G matter is in court and Kapil Sibal will comment on it soon. ...

It's an indictment of the govt policy: Aryama Sundaram

The Supreme Court cancelled all 122 telecom licences allotted under the 2G spectrum. ...

SC order in 2G case very unfortunate: Congress

Rashid Alvi said that this is not the first time that BJP is demanding resignation of Congress ministers. ...

Bharti Airtel gains on likely spectrum allocation

Mumbai: Bharti Airtel gained around 7 per cent at Rs 386 on likely allocation of spectrum on Thursday. However, The Supreme Court (SC) has cancelled 122 licenses issued after January 2008. TRAI will make fresh recommendations on grant of licenses. Also, all spectrum issues post Jan 2008 to be cancelled. The government will take decision on licenses 1 month post TRAI recommendation, reports CNBC-TV18. Around 9 licenses of Idea have...  

SC order in 2G vindicates our stand: Team Anna

New Delhi: Team Anna on Tuesday welcomed the Supreme Court order that granting sanction of prosecution of a public servant should be done within a time frame, saying it has vindicated one of its key demands. "Supreme court has vindicated one of our key demands of Jan Lokpal movement. (That is) time bound disposal of corruption cases," Kejriwal said. Setting aside a Delhi High Court judgement refusing to give direction...  

2G: SC accepts Swamy's plea against PMO

New Delhi: In a blow to the Central Government, the Supreme Court on Tuesday accepted Janata Party president Subramanian Swamy's petition against the Prime Minister's Office in the 2G case, saying that all public authorities should give a sanction within 3 months against any public official if a request is made for prosecution. The Supreme Court said that Subramanian Swamy had the locus to seek sanction from the Prime Minister...  

2G scam: 2 corporate executives to face trial

New Delhi: Two more corporate executives are set to face trial in the 2G Spectrum case on Friday. Anshuman and Ravi Ruia are among top executives from Essar and Loop telecom who have been summoned by a special CBI judge. The central probe agency has chargesheeted the 2 companies and 5 executives for criminal conspiracy and cheating to get the 2G license. Earlier Essar, Loop and the CBI were on...