2G Auction : Failure or Success?
IT is only seldom that a govt. may be happy on the failure of its act or policy. The govt. has a reason to joy as the auction fetched only Rs. 9,407 crore against the expected 40,000 crore in the auction of 2G spectrum held on Nov. 14. Now the govt. can rebuke the CAG and repeat that no scam has taken place. As usual, let me admit that the system is powerful enough to justify its wrong doings, particularly when advocates like Sibals, Manish Tiwaris etc. represent it. But the issue has several points. 1. CBI, the biggest saviour of UPA has, in Supreme Court admitted to a scam of Rs. 30,000 crore. CAG never claimed the scam of Rs. 1,76,000 crore. It gave several figures ranging from Rs. 50,000 crore to Rs. 1,76,000 crore. 2. THE auction was planned in a way to discourage new entrants. The auction was for only 1.2MHz while an operator requires at least 10MHz to operate properly. (THE Supreme Court had already said that whole of spectrum must be auctioned.) The bidder...