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About 2G. What is 2G spectrum scam? Who are Involved? Media Response. Market Response. Steps Taken by Govt. Political Response to Scam. Conclution & Your Thoughts.
3. means security level was high. 2G is not just a network but a good technology. SMS facility was first started with network. . Environmental conditions was very good for this network & no network shortage was there.WHAT IS 2G? µ2G¶ means: ³Second-Generation Wireless Telephone Technology´ 2G is relatively new technology in the field of mobile. 2. Safe for the use. it comes with some more benefits. 1. 2G spectrum was the revolutionary technology in their time.
2.5G.75G technologies but the latest technology in present world is 3G.HISTORY OF 2G 2G spectrum technology was first launched in 1991 in Finland only in the GSM mobile phones but this is not the latest technology that we are using. As 2G was launched in 1991 so many other technologies overcome it with 2. .
. Investors are attracted to India because "there are not too many other options that are particularly attractive . but this can change rather quickly. he says. The 2G scandal is unlikely to hurt India's investment appeal globally. the role and independence of the CAG and the will of the vernment to unearth this scam as a positive attempt to spring-clean all that was wrong.. "Foreign investors may actually perceive the role of courts and rule of law. principal analyst and founder director of Ascentius Consulting.INDIA IN THE WORLD'S EYES Wharton's Singh feels foreign investors may view corruption in India "as the cost of doing business." . according to Alok Shende." But the country would attract more foreign investments and business interest if it had a stronger reputation for being non-corrupt.
which they would use to create 2G subscriptions for cell phones. According to a report submitted by the Comptroller and Auditor General based on money collected from 3G licenses.27 billion). .379 crore (US$38. but the scam came to public notice when the Indian Income Tax Department investigated political lobbyist Niira Radia and the Supreme Court of India took Subramaniam Swamy's complaints on record [With Case type:Writ Petition (Civil). Year:2010. The issuing of the 2G licenses occurred in 2008. Year:2011]. The case details of the main PIL filed with the supreme court is Type:Writ Petition (Civil). the loss to the exchequer was 176.WHAT DO YOU MEAN BY 2G SCAN? The 2G spectrum scan involved officials and ministers in the Government of India illegally undercharging mobile telephony companies for frequency allocation licenses.Case No:10.Case No:423.
Raja (Born May 10. Raja was first elected to the Lok Sabha in 1996 and first served as minister of state from 1999 to 2003. He is a member of the 15th Lok Sabha representing the Nilgiris constituency of Tamil Nadu. he became cabinet minister for communication and information technology. In 2007. India) is an Indian politician from the Dravida Munnetra Kazhagam(DMK) political party. On being re-elected to the Lok Sabha in 2004. 1963. Tamil Nadu. . Perambalur. A. he became a cabinet minister in the UPA government. On being re-elected in 2009 he was again appointed cabinet minister for communication and information technology until being tainted in the 2G spectrum scam and resigning in 2010.Who is this Person? One of the main person behind the India¶s Largest Corporate Fraud.
Law Ministry. TRAI had recommended auctioning of spectrum at market rates. NO PROCEDURES FOLLOWED Rules changed after the game had begun. Finance Ministry. Raja ignored advice of TRAI. no bids invited. Cut-off date for applications advanced by a week. . Licenses issued on a first-come-first-served basis. No proper auction process followed.WHAT ARE THE CHARGES ON FORMER TELECOM MINISTER A RAJA? CHEAP TELECOM LICENSES Entry fee for spectrum licenses in 2008 pegged at 2001 prices Mobile subscriber base had shot up to 350 million in 2008 from 4million in 2001.
1661 crore. Swan Telecom given license even though it did not meet eligibility criteria.10. Swan Telecom got licenses without any prior telecom experience . sold 45% stake to Etisalat for Rs.4200 crore.FAVOURITISM. CORPORATES ENCASH PREMIUM Unitech. All nine companies paid DOT only Rs. 6200 crore. Unitech Wireless got license for Rs.772 crore for 2G licences. Swan got license for Rs. .1537 crore. sold 60% stake for Rs.
CORPORATE PERSONALITIES INVOLVED Anil Ambani .DB Realty and DB Etisalat (Swan Telecom) Vinod Goenka .Essar Group All of them have either been question by the CBI or are prospective suspects in the scam.Videocon Group Prashant Ruia .Dynamix Group Venugopal Dhoot . .Reliance Group (ADAG) Shahid Balwa .
an NDTV journalist alleged to have lobbied for A. Vir Sanghvi. a former airline entrepreneur turned corporate lobbyist whose conversations with politicians and corporate entities were recorded by the government authorities and leaked creating the ³Nira Radia tapes controversy´. a Hindustan Times editor alleged to have edited articles to reduce blame in the Nira Radia tapes. Barkha Dutt.Raja's appointment as minister. .MEDIA PERSONS AND LOBBYISTS INVOLVED Nira Radia.
The news led to 20% fall in the stock prices of DB Realty.Spicejet stocks went down after reports of investigation on Maran's recent takeover of Spicejet. Its reported that nearly 2 Billion USD was eroded from his stocks . Sun TV COO refused the allegations.IMPACT ON STOCK MARKETS The first casualty in Stock Markets once Raja was arrested was DB Realty. . Swan Telecom Chief Balwa was arrested on Feb 8 and this led to rumours of links with Anil Ambani's Reliance ADAG and it led to 20% fall of his stocks. Sun TV had its shares fall by 10% on the next day following rumours of Kalanidhi Maran having stake in Kalaignar TV. DB Realty had given 200+ crores to Kalaignar TV (owned by Karunanidhi's Wife) .
537 crore (US$333. a company formerly invested in real estate and not telecom.4 million). the board sold 45% of the company to Etisalat for 4. a new company with few assets. the Unitech Group.  Shortly thereafter.661 crore (US$360. purchased a license for 1.44 million) and the company board soon after sold a 60% stake in their wireless division for 6. Raja arranged the sale of the 2G spectrum licenses below their market value.200 crore (US$1.35 billion) to Telenor .200 crore (US$911.53 million).SHORTFALL OF MONEY A. bought a license for 1. Swan Telecom. Similarly.
and suppressed news reporting the discovery of the corruption. . supported this corrupt activity.RELATIONSHIP BETWEEN MEDIA & GOVERNMENT Media sources such as OPEN and Outlook reported that Barkha Dutt and Vir Sanghvi knew that corporate lobbyist Nira Radia was influencing the decisions of A. Raja. The critics alleged that Dutt and Sanghvi knew about corruption between the government and the media industry.
Indian Income Tax Department.RATAN TATA PETITIONS OVER TAPE LEAK The tapes leaked to the public include conversations between Nira Radia and Ratan Tata. CBI. . with the Minister for Home Affairs. and the Department of Information Technology as respondents in the petition. Tata petitioned the government to acknowledge his right to privacy and demanded accountability for the leak. the Department of Telecommunication.
Karunanidhi A Raja (Telecom minister) Arun Jaitley Barkha dutt (Journalist) Arun Shourie Pramod Mahajan .PERSONS INVOLVED IN 2G SPECTRUM SCAM Nira Radia M.
sold 60% of its company stake at huge profit to Telenor after buying licensing (Including land values properties for towers). Videocon Telecommunications Limited Reliance Communications Sistema Shyam Mobile (MTS) ± Sistema Mobile Russia Tata Communications Vodafone Essar Loop Mobile S Tel Dishnet Wireless Allianz Infra . Swan Telecom: It sold 45% of its company stake at huge profit to Emirates Telecommunications Corporation (Etisalat) after buying licensing.CORPORATIONS INVOLVED Unitech Group: A real estate company entering the telecom industry with its 2G bid.
. Telecom Minister resigns his post after Scan. A Raja also arrested by the Police. CBI is also interacting with the brothers of A Raja and also some business men.STEPS TAKEN BY GOVERNMENT AFTER SCAM Government of India take some important steps looking forward in this Scan: Set up a special branch of CBI to look into the matter.
Raja's resignation.Raja from corruption charges and called for A. S Tel. and Etisalat to respond to his assertion that all of the 85 licenses granted to these companies did not have the up-front capital required at the time of the application and were in other ways illegal. Datacom (Videocon). In mid November the comptroller Vinod Rai issued showcause notices to Unitech. By mid November A. Loop Mobile. .RESPONSE TO SCAN In early November 2010 Jayalalithaa accused the Tamil Nadu state chief minister M Karunanidhi of protecting A.Raja resigned.
Mr Sibal contends that the "notional" losses quoted are a result of erroneous calculations and insists that the actual losses are nil.A Raja with Kapil Sibal who has taken up this charge in addition to being the Union minister for Human Resources Development.RESPONSE TO SCAN In response to the various allegations . the Govt of India has replaced the then incumbent Telecom minister . .
RESPONSE TO SCAN The CBI conducted raids on Raja and four other telecom officials .former telecom secretary Siddharth Behura. . Behura and Chandolia were arrested on Feb 2nd 2011. Raja. member telecom K Sridhar and DoT deputy director general A K Srivastava on 8 December 2010. Raja's personal secretary R K Chandolia.
this makes Administration of India weaker.CORRUPTED ADMINISTRATION OF INDIA If we talk about the Administration of India we all must say it is not a well maintained or a well centralized Administration as comparison to other Asian countries. They used to do some unofficial work for the sake of money. Poor Administration of India is just because of the poor political leaders of our country. This is not the only example which makes Administration of India affected badly there are lots of other factors which makes it worse. .
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