New Delhi: The Empowered Group of Ministers on telecom, headed by Finance Minister P Chidambaram, will meet on November 29 in the backdrop of lukewarm response to recently concluded 2G spectrum auction. "Its (EGoM meeting) happening on Thursday," Telecom Minister Kapil Sibal told reporters on sidelines of meeting with stakeholders to discuss proposal for World Conference on International Telecommunications starting December 3 in Dubai. This will be first EGoM meeting...
02:59 AM, Nov 28, 2012
New York: Items belonging to screen legend Greta Garbo are being auctioned off at the high seas aboard the ship Queen Mary 2. The legendary actress' great-nephew Derek Reisfield is aboard the ship and will auction off the items, including a cigarette holder, an ashtray, an umbrella, scarves and a signed check made out to the New York Telephone Company. Reisfield gave a talk aboard the ship en route here...
12:30 PM, Nov 27, 2012
New Delhi: The man who authored the CAG's report on 2G spectrum has now said that it is not his report, that it merely carried his signature. Speaking to CNN-IBN, ex-CAG audit officer RP Singh said that the audit was done without guidelines and was influenced by PAC Chairman Murli Manohar Joshi. He further said that the loss figure mentioned in the report was presumptive and had been restored in...
10:17 AM, Nov 23, 2012
New Delhi: Winners of recently held 2G spectrum auction will have to make payment, either in full or at least 33 per cent of the due amount, by December 1, the Department of Telecom said on Thursday. "... the last date for payment is December 1, 2012. If the payment is not received by the last date, the EMD (earnest money deposit) will be forfeited," DoT said in the notice....
08:39 PM, Nov 22, 2012
New Delhi: The Department of Telecom (DoT) is likely to declare final results of the just concluded auction of 2G mobile phone spectrum in next couple of days. "Formal procedure is on. There is no issue. It (final auction result) will be done within a day or two," DoT sources said. DoT had on November 14 declared provisional auction result which fetched government revenue of Rs 9,407.64 crore against minimum...
08:57 PM, Nov 21, 2012
The participation of Pakistani players in the auction will be decided by the governing council at its next meeting. ...
06:50 PM, Nov 21, 2012
Union Telecom Minister Kapil Sibal speaks about the recent 2G spectrum auction and the CAG's loss figure. ...
11:19 PM, Nov 19, 2012
New Delhi: The Supreme Court on Monday flayed the government over what it called a "casual" attempt by it to auction the 2G spectrum. Chiding the government for not complying with its order and letting "lower ranking officials" file affidavits in the matter, the apex court refused to take on record the Centre's affidavit that had been filed by an under secretary-level officer. The court directed that the affidavit must...
03:02 PM, Nov 19, 2012
Los Angeles: The bike driven by Daniel Craig in the opening scene of new James Bond film 'Skyfall' is being auctioned for charity. The proceeds of the sale will go to charity organisation Children In Need, which works for the welfare of disadvantaged children. Officials at Honda UK are hoping that the auction will raise tens of thousands of pounds, reports contactmusic.com. "Original items such as this are usually highly...
12:08 PM, Nov 18, 2012
Chennai: Keeping up the government's attack on the CAG, Union Minister V Narayanasamy on Friday said the top auditor owed an explanation on its estimated loss of Rs 1.76 lakh crore in 2G spectrum allocation in the previous auction. "We have said that the calculation of CAG was wrong. Now it has been proved with the auction. The CAG should explain (it)," the Minister of State in PMO said. Narayanasamy...
04:21 AM, Nov 17, 2012
New Delhi: Attributing "sensationalism" over the CAG's presumptive loss figure of Rs 1.76 lakh crore for the "killing" of the telecom sector, government on Friday said it plans to auction by March-end the circles that were not taken in the flopped sale of mobile phone spectrum this week. It also rejected Opposition allegations that government was celebrating the failure of the auction and said notwithstanding the poor response, it will...
03:20 AM, Nov 17, 2012
Ahmedabad: Leader of Opposition in Rajya Sabha Arun Jaitely on Friday said that failure of 2G auction was an indicator of how badly the economy was faring under the UPA government. "The failure of 2G auction shows mismanagement of telephone sector in 2012 and indicates in which direction this government has taken country's economy," Jaitley said. "Any responsible government should be worried about it, it should introspect, but UPA ministers...
02:18 AM, Nov 17, 2012
New Delhi: In a scathing attack on the government on the 2G spectrum auction issue, the Bharatiya Janata Party (BJP) on Friday said low bidding has vindicated the stand of the Comptroller and Auditor General (CAG) that not going for auctions in 2008 had led to a huge loss. It said the wrong policies of United Progressive Alliance (UPA) government were to be blamed for low collections. "This must be...
10:53 PM, Nov 16, 2012
The Samajwadi Party on Friday announced a list of 55 candidates for the Lok Sabha election. ...
10:46 PM, Nov 16, 2012
Has the recent allegedly flop 2G auction shown that the CAG's estimate for the presumptive loss in 2008 is mistaken? ...
09:54 PM, Nov 16, 2012
New Delhi: After a dismal 2G spectrum auction, the government once again defended itself questioning the 2G scam loss figure quoted by CAG and also said that it intends to hold another auction before March 31, 2013. "The intent is to try and have another auction before 31st March. We will discuss how to move forward and take a call on it," Union Telecom Minister Kapil Sibal said. As against...
03:01 PM, Nov 16, 2012
New Delhi: With less than estimated collections in the 2G spectrum auctions, the BJP on Thursday defended the CAG's submission that there was a loss of Rs 1.76 lakh crore in the earlier allocations and said the UPA government's policies were responsible for the low bidding. "They (UPA government) first destroyed the telecom sector, a sector which is the real success story of economic liberalisation in India. First that success...
04:04 AM, Nov 16, 2012
The government stressed that the result of the auction proved its argument that the CAG overestimated losses. ...
10:30 PM, Nov 15, 2012
New Delhi: Telecom Minister Kapil Sibal on Thursday defended the poor response to the 2G spectrum auction, saying the government was not there to score points. We are not here to score points. Our point always was that market dynamics should be allowed to play out. The moment you start dealing with market directly or indirectly then it will be bad, he said. He also added that the government should...
12:46 PM, Nov 15, 2012
The auction of 2G spectrum has ended in a massive disappointment. The government has received bids less than Rs 10,000 crore, which is far below the reserve price of Rs 28,000 crore. The Centre had expected to earn nearly Rs 40,000 crore. ...
09:34 AM, Nov 15, 2012
