Government confirmed that it would take 2G auction till economic recession ends
After announcing its plans for 2G auction by March 31, 2013, the government said that it would again-and-again take 2G auctions till the economic recession and telecom slowdown ends. Just when the booming period would be back the government would again issue telecom spectrum on first-cum-first-serve basis.
"By the time our telecom slowdown ends and more and more such flop shows of 2G auction, we will start alloting spectrum on first-cum-first-serve basis, a policy that guided by Hon. Ex-Telecom Minister A Raja," said Telecom Minister Kapil Sibal.
The development came after, earlier 2G auction lasted just two days, got total bids worth Rs 9,407.64 crore, just one-third of the minimum Rs 28,000 crore the government was expecting.
Sibal said "We are aware that CAG would again make some stupid calculations. But for the time being, these auctions would be good enough to slap how we fool on the face of CAG and Supreme Court."
Senior leader and UPA Minister, Manish Tewari said "I earlier asked the question where is Rs 176,000 crore to CAG. Nobody in the government has such a great amount of power to ask such question. Now I tell you CAG come and make these auctions successful. By the time we would complete our recessionary phase, we will back to first come policy."
India's Finance Minister P Chidambaram told India Satire correspondent "Anybody can put a dagger on UPA's shoulder but neither fiscal deficit nor inflation has guts to stop us from our policies."