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3G Auction India: 2G IT Dept Docs? Day 32, Pan India Price At Rs. 161.64B, Govt Revenue At Rs. 653Bn

Via @VarshaSanghvi on Twitter, we've come across what are allegedly scans of documents submitted by India's Income Tax Department to the Central Bureau of Investigation (CBI), after tapping phones of corporate lobbyist Niira Radia. MediaNama cannot vouch for the authenticity of these scans, and we've heard that there are copies of fake documents also being circulated to the media, so take the allegations made in these scanned pages with skepticism. Earlier, The Pioneer had published a story (Tapped and Trapped) quoting similar allegations, and Headlines Today had broadcast this report on the same. 3G Auction At the end of 176 clock rounds of India’s 3G Auction (only 4 on Day 42), the price for pan-India spectrum is Rs. 161.64Bn, 361.82% above its base price of Rs. 35Bn. The price rose 2.21 percent on the day, compared to a 2.58% increase on the previous day. In absolute terms, the price rose Rs. 3.49 Bn. compared to Rs. 3.98 Bn and Rs. 4.16 Bn on the previous two days. The Indian government will earn Rs. 653.11Bn from these auctions, around $ 14.427 Billion. On the day, there was excess demand only for Delhi, Kolkata and Punjab. 3G Auction Status When bidding resumes, price for circles with excess and on-par demand will be raised by 10 percent, while price for circles with deficient demand will remain the same. - Excess Demand: Delhi, Kolkata, Punjab - Par Demand: Andhra Pradesh, Kerala, UP (East), UP (West), Rajasthan, Himachal Pradesh, Orissa - Deficient Demand: Mumbai,  Bihar, Assam,…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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