By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. It will surely cost india atleast rs three lakh crores the loss to the exchequer in 2008 spectrum allocation was grossly overestimated by the cag at 1. It is a widely held belief that this was the beginning of the end of the. The supreme court ruling comes in a scenario wherein telecommunications in india is torn between the new telecom policy of 1999. Presentation on 2g scam free download as powerpoint presentation. Cag report on 2g scam here are some of the points made by the cag report. Since 3g spectrum is three times more efficient than 2g, the loss is further down to rs. Feb 14, 2018 cbi deploys asg tushar to bolster 2g appeal. P chidambaram said after the acquittal of a raja and kanimozhi in the 2g spectrum scam.
However, it the issue of spectrum pricing that has captured the centre stage with the high prices realized from the 3g and bwa spectrum auction and the outburst of the 2g spectrum scam in india. Coronavirus cases in india state wise franklin templeton mutual. Dmk mp kanimozhi and all other accused were today acquitted in the politicallysensitive 2g spectrum allocation scam cases by a special court which held that the. But however action was not taken against the letter sent by subramanian swamy on this allegation from the prime ministers office. Scribd is the worlds largest social reading and publishing site. It was claimed that the magnitude of the scam was 2,867,800,000,000 rupee. Raja and dmk rajya sabha member kanimozhi in the 2g spectrum allocation case. Insert commentsa special court deferred hearing in the 2g spectrum scam cases in which former telecom minister a raja and dmk mp kanimozhi are among the ac. Mar 11, 20 the 2g scam a short summary posted on march 11, 20 march 11, 20 by theconsiglieres mobile and allied networks work on specific frequencies allotted to each operator in a band of frequencies known as a spectrum. The cag submits a report on 2g spectrum to the government, stating a loss of. The 2g spectrum scandal involved officials in the government of india illegally undercharging mobile telephone companies for frequency allocation licenses, which they would use to create 2g subscriptions for cell phones. Raja 1,80,000 crore 2g telecom scam page promoted by aiadmk students wing. Read this essay specially written for you on the 2g spectrum scam in hindi language.
The 2g scam went a long way to show how the indian economy, one of the fastest growing in the world, is dominated by a. This document was uploaded by user and they confirmed that they have the permission to share it. Former telecom minister a raja, one of the accused in the 2g spectrum scam cases, at patiala house courts in new delhi on. Three primary benefits of 2g networks over their predecessors were that.
Apr 30, 2012 media coverage of the report and license allocation, hyped as the 2g scam, was followed by public outrage and protests. After your payment is received, we will email the case to you within around two working hours. The 2g scam was a major election issue in the tamil nadu. Dec 22, 2017 scroll if there was no 2g scam, why did the supreme court cancel 122 spectrum licences in 2012. Instant download is not available with this payment option. Ahead of the 2g verdict later this month, news18 chronicles and explains in detail a scam which dealt the first blow to the credibility of the upa government. Raja belonging to dmk party, a major ally in the united progressive alliance headed by the all india congress party. Cbi appeal infructuous in view of new antigraft law, a raja tells hc 27 jan, 2020, 10. Read the full 1552page verdict a special cbi court pronounced former telecom minister a raja and all other accused in the case as innocent, citing lack of evidence from the prosecution. In this paper, we use both the traditional valuation methoddiscounted cash flow as well as the real option approach that takes into consideration. Subramanian swamy, a former union cabinet minister, a harvardeducated economist and professor, holds that corruption impacts on economic development of a nation in five dimensions. Raja in the corruption involved in the 2g spectrum scam on 27 november,2010. Systems are significantly more efficient on the spectrum allowing for far greater mobile phone penetration levels.
All 18 accused including a raja acquitted, congress seeks excag vinod rais apology. Valuation of 2g spectrum in india a real option approach. India found itself in the centre of such protests in 20102011 over the scam in 2g spectrum allocation to telecom companies. For years, the government gave operators spectrum beyond contracted levels free of cost as they added subscribers. In february 2007, hutch sold its 67% equity to vodafone at rs 75,000 cr signaling substantial increase in. In february 2007, hutch sold its 67% equity to vodafone at rs 75,000 cr signaling substantial increase in spectrum value. Since the 3g auctions were held in 2010, but 2g spectrum was given in 2008, the time value of loss of spectrum is not rs. Free download, borrow, and streaming internet archive. If your order is placed outside our working hours or on a holiday, the case study will be emailed to you on the next.
A brief summary of the status of the 2 g spectrum scam in. Following is the full text of the supreme court on 2g spectrum scam. The government awarded 122 telecom licenses with 2g spectrum in january 2008 at. Read the latest news and updates on 2g spectrum scam, 2g spectrum scam information at business standard. It would be simplistic to assume that that the 2g spectrum scam happened only with andimuthu raja. The 2g spectrum scandal involved officials in the government of india illegally. Find 2g spectrum allocation scam news headlines, photos, videos, comments, blog posts and opinion at the indian express. Audit report on the issue of licences and allocation of 2g spectrum pdf. Oct 25, 2017 insert commentsa special court deferred hearing in the 2g spectrum scam cases in which former telecom minister a raja and dmk mp kanimozhi are among the ac. Cag report on 2g spectrum scam tabled in parliament. Media coverage of the report and license allocation, hyped as the 2g scam, was followed by public outrage and protests. Subramanian swamy, a former union cabinet minister, a harvardeducated ec. Will the indian judiciary take action against the wrongdoers in the spectrum scam. He has been accused of colluding with former telecom minister a raja by allegedly channelizing kickbacks raja got from the spectrum sale into the real estate.
Understanding the 2g spectrum scam qrius formerly the. Declaring the allotment of spectrum as unconstitutional and arbitrary, the court quashed all 122 licences issued in 2008 by the then minister for communications and it, a. Quashing of 2g spectrum licences on february 20, 2012, the supreme court of india delivered a judgement on a pil directly related to the 2g spectrum scam. The 2g spectrum case was an alleged scam by the politicians and government officials under november 10th. The government awarded 122 telecom licenses with 2g spectrum in january 2008 at 2001 rates rs 1,685 crore ignoring the current market value of the spectrum. The comptroller and auditor general cag report on the allotment of 2g spectrum licences, tabled in the lok sabha today, has held. The file will be a locked pdf file, with a do not copy watermark. On the 2nd of february 2012, the supreme court of india, in response to a public interest litigation pil, cancelled all 122 telecom licenses granted in 2008 and directed that the spectrum linked with these licenses be. Spectrum has been gifted away or stolen ever since the policy. Raja, dmk mp kanimozhi and others in the 2g spectrum case to file their replies to a cbi plea challenging their. A delhi court acquitted all accused, including former telecom minister a.
Start your daily mornings with times of india newspaper. Could demonetization beat the record set by 2g spectrum scam. Why the supreme court cancel 122 spectrum licences. The 2g spectrum case was an alleged scam that the politicians and private officials under the united progressive alliance coalition government in india were accused of committing. Case study on the supreme court ruling on the 2g spectrum. It was said to be the biggest scam in the history of independent india. It is a combination of three cases, one filed by enforcement. Presentation on 2g scam communication telecommunications. He was claiming for the last 20 years that can make herbal petrol from water by adding a plant to it. So subramanian swamy decided to file a case against former union minister a. The cbi believes shahid balwa, the promoter of swan telecom, had a central role in the 2g spectrum scam.
Scroll if there was no 2g scam, why did the supreme court cancel 122 spectrum licences in 2012. Watch videos, top stories and articles on 2g spectrum scam at. Toi that the joint director incharge of the 2g scam probe, along with other investigators, met mehta on monday to fasttrack the appeal process. A special cbi court acquitted all the accused in the 2g scam on december 21. This is the editorial in the economic and political weekly of india on the 2g telecom spectrum scam verdict by the supreme court of india. The delhi high court on friday granted more time to former telecom minister a. The 2g scam a short summary posted on march 11, 20 march 11, 20 by theconsiglieres mobile and allied networks work on specific frequencies allotted to each operator in a band of frequencies known as a spectrum.
Minister explaining in detail how he wants to deal with the. Presentation on 2g spectrum authorstream presentation. Spectralefficiency of 3g and 2g are comparable, and therefore, concluded that 3g price should be the currentpricefor 2g spectrum in 2010. Media coverage of the report and license allocation, hyped as the 2g scam.