12-08-2010, 08:23 PM
Simply put, this money - Rs176,000 crore - belongs to the people of India but went into the pockets of colluders in the swindle that includes the minister, officers, regulators and the beneficiaries who connived in this crime against nation.
Coming to the debate of how to recover the loot and how to prevent such a swindle in future, there are three options before us: http://www.dnaindia.com/money/report_3-s...ts_1478183
One, the government should order forfeiture of licences of erring companies and make the existing players with excess spectrum pay up for that at market rates.
Two, the government must impose a windfall tax on companies who have made money. Three, the government can cancel all the licences, take back the spectrum, and sell it at market rates and recover the entire value that was lost.
Coming to the debate of how to recover the loot and how to prevent such a swindle in future, there are three options before us: http://www.dnaindia.com/money/report_3-s...ts_1478183
One, the government should order forfeiture of licences of erring companies and make the existing players with excess spectrum pay up for that at market rates.
Two, the government must impose a windfall tax on companies who have made money. Three, the government can cancel all the licences, take back the spectrum, and sell it at market rates and recover the entire value that was lost.