Let Us Know 2G Spectrum Scam Rs 17,60,00,00,00,000

Total Scam : Rs. 1.76 lakh crore == Rs 17,60,00,00,00,000

India Population : 1,190,209,000

How much it will cost per head ? 17,60,00,00,00,000/1,190,209,000 = Rs. 1,478

India Per Capita Income : Rs. 1,124

All nine companies paid to government official Earning : 10772 Cr

How many times scam amount is ? 176000 / 10772 = 16.34 Times of money government earned

WHAT IS SPECTRUM SCAM?


2G licenses issued to private telecom players at throwaway prices in 2008
CAG: Spectrum scam has cost the government Rs. 1.76 lakh crore
CAG: Rules and procedures flouted while issuing licenses

NO PROCEDURES FOLLOWED


Rules changed after the game had begun
Cut-off date for applications advanced by a week
Licenses issued on a first-come-first-served basis
No proper auction process followed, no bids invited
Raja ignored advice of TRAI, Law Ministry, Finance Ministry
TRAI had recommended auctioning of spectrum at market rates

FAVOURITISM, CORPORATES ENCASH PREMIUM


Unitech, Swan Telecom got licenses without any prior telecom experience
Swan Telecom given license even though it did not meet eligibility criteria
Swan got license for Rs. 1537 crore, sold 45% stake to Etisalat for Rs. 4200 crore
Unitech Wireless got license for Rs. 1661 crore, sold 60% stake for Rs. 6200 crore
All nine companies paid DoT only Rs. 10,772 crore for 2G licences

IT IS TOO SAMEFUL DATA TO SHOW ANY ONE FOR A COUNTRY WHERE :

- 1/3 of poor population of word lives !!
- around 80% indian population lives on less than USD 2 a day !!
- 41% population leaved below poverty level

I cannot say and do anything except saying --- "Shame on Indian Poloticians"


Hello,

Ambanies, Prem Jee, Jindal , Mittal , Birlas, Ruia etc. etc.

Please have a look on this shining annual report of your contry

http://en.wikipedia.org/wiki/Poverty_in_India



REF:
http://www.ndtv.com/article/india/what-is-2g-spectrum-scam-66418