One big-ticket exercise of the new government in the next two months could be auctions of spectrum for 3G and broadband wireless access (BWA). The exercise could fetch the government at least Rs 30,000 crore and help it narrow the widening fiscal deficit.
The auctions were slated for January-end, but then a finance ministry suggestion to double the reserve prices had led to the creation of a group of ministers to decide on the issue. Sources in the cabinet secretariat told FE that the reserve price for 3G may be doubled but for WiMAX it would be left untouched, and auctions would be held in the next two months.
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