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News Misc. Corporate Laws & Other Commercial Policies

  • Mar 06, 2013
  • Ministers’ group meets, but no decision on spectrum auction

    The meeting of Empowered Group of Ministers (EGoM) on Wednesday ended without any decision on the next round of auction. Kapil Sibal, Minister for Communications and IT, said that the issue will be referred back to the Supreme Court for further direction. TWO KEY DECISIONSThe EGoM was required to take two crucial decisions with regard to future rounds of spectrum auctions: firstly, whether the base price should be further reduced for GSM spectrum and secondly, whether spectrum in the 900 MHz band should be put up for auction.

    Source - http://www.thehindubusinessline.com