2G Scam | 7 September 2011

2G Scam | 7 September 2011

The Economic Times

Supreme Court seeks CBI’s stand on 2G accused plea

New Delhi: The Central Bureau of Investigation would have to reveal its stand to a Delhi court on the telecom regulator’s report, which states that it did not recommend any auction of mobile permits or an increase in the entry fee for new players. (read story)

The Times of India

2G loss? Govt gained over 3,000cr: Trai

New Delhi: The Telecom Regulatory Authority of India (TRAI) has told the CBI that former telecom minister A Raja master-minded allocation of 2G spectrum has earned profit between 3,000 crores and 7,000 crores for the government. (read story)

2G scam: ED may levy fine of just 1.25cr on Kalaignar TV

New Delhi: In a first ray of hope for the DMK, the Enforcement Directorate is likely to impose a penalty of just 1.25 crore on Kalaignar TV -- owned by the wife and daughter of party chief M Karunanidhi -- in the case of the alleged payoff of 200 crore by Shahid Balwa-promoted DB Realty in the 2G scam. Ironically, the alleged bribe-givers might end up paying a much heftier 222 crore. (read story)

The Indian Express

TRAI panel admits 2G valuation tricky

New Delhi: A three-member expert committee, set up by the Telecom Regulatory Authority of India and meant to determine the precise value of spectrum during 2001-2008, has filed a report complaining of a “tricky exercise" plagued by “data deficit". (read story)

JPC gets time till Budget session

New Delhi: Unable to complete its task within an allocated period, the Joint Parliamentary Committee looking into the 2G spectrum scam on Tuesday got extension till the Budget session next year. (read story)

The Hindu

Lok Sabha extends JPC term

New Delhi: The Lok Sabha on Tuesday unanimously extended the term of the Joint Parliamentary Committee (JPC), looking into the allocation and pricing of telecom licences and 2G spectrum, till the last day of the 2012 budget session. (read story)