(by Preethi J & Nikhil Pahwa) The Indian Government is banking heavily on "higher receipts from telecommunication sectore vide 3G auction" to shore up its receipts, given a budget that appears to be focused on expenditure. However, the Finance Minister did not mention a base price for 3G Auctions, nor did he specify disinvestment plans. There wasn't much for the Telecom sector, and no announcement of an outlay towards broadband. However, going through the Budget documents, we came across the statement that a Rs. 28,324 crore ($5.8 Billion) increase in non-tax revenue from Rs.1,11,955 crore to Rs.1,40,279 crore, "primarily on account of anticipated receipts from the telecommunication sector vide auction of 3G spectrum." So proceeds from 3G auctions alone are expected to be less than $5.8 Billion. However, Reuters reports that the government is looking to raise $7.2 Billion from the auctions. Note…
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