Tuesday, August 2, 2011

arithmetic of 2G spectrum

Arithmetic of 2G spectrum 


I would like some learned person to enlighten me on the arithmetic of 2G spectrum case. The CAG estimated the loss to the exchequer to the tune of one lakh seventy-six thousand crores of rupees.  This is an unbelievable figure. An ordinary person cannot envisage the number of zeros in this. If some lost; it means some one else gained. Did the companies who got the spectrum allotted make that much profit from the users of the services provided by them? If so it is really a theft from the pockets of those people. Otherwise some one has to explain where this much money is generated in order to bribe or transfer to others. The CBI which is pursuing the case estimated the figure to 33,000 crores of rupees.
I do hope that the agency will come up with convincing evidences to nail the accused and convict them.

by K.N.Krishnan
2.8.2011

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