CAG submits report on 2G spectrum to FinMin
Tuesday, 09 November 2010, 06:07 IST
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New Delhi: The government auditor CAG is understood to have submitted the final report on the 2G spectrum allotment that may have caused a loss of a whopping Rs 1.76 lakh crore to the exchequer. According to sources in the know, the Comptroller and Auditor General (CAG) has submitted the report to the finance ministry and the President. The report may be laid in Parliament in the winter session beginning tomorrow. The details were not immediately available, but sources said that it has estimated a revenue loss of Rs 1,76,700 crore to the government due to arbitrary policies like non-auction of 2G spectrum followed by Telecom Minister A Raja. The telecom ministry had, however, hit at the CAG saying the policy decisions cannot be "assailed" as arbitrary and debunked CAG's assertion that 2G spectrum was allocated in an arbitrary manner.
Source: PTI
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