Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
2G spectrum allocation: Sibal sticks to zero-loss claim
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Economy
  • 2G spectrum allocation: Sibal sticks to zero-loss claim

2G spectrum allocation: Sibal sticks to zero-loss claim

FP Archives • December 20, 2014, 09:55:01 IST
Whatsapp Facebook Twitter

Jalandhar: Sticking by his ‘zero loss’ claim in the 2008 2G telecom licence allocation, Telecom Minister Kapil Sibal has said that there was no question of a loss as there was no policy in place on auctioning of spectrum. “I still stand by my zero loss comment in the 2G spectrum issue. There is no loss (in allocation of 122 telecom licenses). When there was no policy on auction, how can there be a loss,” Sibal told PTI Bhasha on sidelines of a function here yesterday.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
2G spectrum allocation: Sibal sticks to zero-loss claim

Jalandhar: Sticking by his ‘zero loss’ claim in the 2008 2G telecom licence allocation, Telecom Minister Kapil Sibal has said that there was no question of a loss as there was no policy in place on auctioning of spectrum.

“I still stand by my zero loss comment in the 2G spectrum issue. There is no loss (in allocation of 122 telecom licenses). When there was no policy on auction, how can there be a loss,” Sibal told PTI Bhasha on sidelines of a function here yesterday.

STORY CONTINUES BELOW THIS AD

[caption id=“attachment_293630” align=“alignleft” width=“380” caption=“Sibal had claimed “zero loss” to the government. PIB”] ![](https://images.firstpost.com/wp-content/uploads/2012/04/KAPIL-pib.jpg "KAPIL-pib") [/caption]

The Supreme Court had in February this year found fault with the first-come-first-serve allocation policy followed during the regime of then Telecom Minister A Raja and cancelled all the 122 telecom licences issued during that time.

More from Economy
Inflation likely to be a big focus area for budget 2024, say sources Inflation likely to be a big focus area for budget 2024, say sources Explained: Will the Bank of Japan break tradition and raise interest rates? Explained: Will the Bank of Japan break tradition and raise interest rates?

“We have just followed the rules (of giving telecom licences) of the previous government,” he said, adding the 2G spectrum was awarded on first-come-first-serve basis as a matter of policy by the previous BJP-led NDA government.

“We just followed the policy. There is no question of loss in it,” he said adding, if there was any loss, it has been happening since the previous government.

The Comptroller and Auditor General (CAG), had estimated a loss of Rs 1.76 lakh crore loss to the exchequer in 2008 2G spectrum allocation.

In his comments following the CAG report, Sibal had claimed “zero loss” to the government.

Telecom Regulatory Authority of India (Trai), in its recent recommendations, has said auction of spectrum should be done at higher price than that of 3G spectrum, which was sold in 2010.

“Trai has given its recommendations. It will now go to Telecom Commission and then to Cabinet. We will see and then the government will discuss it and then a decision will be taken,” Sibal said.

STORY CONTINUES BELOW THIS AD

The Supreme Court, in its February 2 judgement, cancelling the 122 2G licences of operators like Sistema Shyam, Uninor, Loop and Etisalat DB, had ordered the government to conduct fresh auctions within four months, the deadline of which has now been extended to 31 August.

While refraining from commenting on the reserve price fixed by the TRAI for 2G auction, he said there was a hue and cry when spectrum was sold at lower rates and now when it is being recommended to be sold at higher rates, there is still a problem being raised.

PTI

Tags
Etisalat 2G NewsTracker Kapil Sibal 2GScam
End of Article
Written by FP Archives

see more

Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV