Tag Archives: 5.66

Biggest-Ever Spectrum Auction Cleared, May Fetch Rs 5.66 Lakh Crore

July 21, 2016 Comments Off on Biggest-Ever Spectrum Auction Cleared, May Fetch Rs 5.66 Lakh Crore

The Union Cabinet today approved auctioning of airwaves that could add lakhs of crores to the government’s coffers. Finance Minister Arun Jaitley termed the upcoming auction as the “biggest-ever” in India’s history. The mega-spectrum auction is estimated to fetch about Rs 5.66 lakh crore to the exchequer, which is more than double of telecom services industry gross revenue of Rs ... Read More »