Chiranjeevi's PRP merges with Congress in AP: "Congress in Andhra Pradesh got a major boost when actor Chiranjeevi announced the merger of his Praja Rajyam Party with it that could come as a breather for the ruling party facing rebellion from Y S Jaganmohan Reddy and the sensitive Telangana issue.
After weeks of back channel talks between the two parties, actor-turned-politician Chiranjeevi, a strong votary of a united Andhra Pradesh, met Congress chief Sonia Gandhi at her residence here for over 50 minutes and finalised his merger plans that could bring new political alignment in the state."
Sunday, February 6, 2011
Thursday, February 3, 2011
What is the 2G spectrum scam about?
What is the 2G spectrum scam about?: "The issue dates to 2008 when nine telecom companies were issued scarce airwaves and licences for second generation (2G) mobile phone services at Rs.1,658 crore (less that $350 million) for a pan-India operation. As many as 122 circle-wise licences were issued.
The opposition said that by giving the airwaves cheap, that too in the controversial manner of first-cum-first-served basis, the exchequer had lost billions of dollars. The cut-off date for applications was also arbitrarily advanced.
Later, based on the auction of airwaves for third generation (3G) services, which got nearly $15 billion to the exchequer, and that for broadband access, which fetched over $8.5 billion, the notional loss was estimated at $38 billion to the exchequer.
But Prime Minister Manmohan Singh himself defended Raja’s decision and said May 24 that all that his communications minister had done was to implement a policy already in place and none of the norms were flouted."
The opposition said that by giving the airwaves cheap, that too in the controversial manner of first-cum-first-served basis, the exchequer had lost billions of dollars. The cut-off date for applications was also arbitrarily advanced.
Later, based on the auction of airwaves for third generation (3G) services, which got nearly $15 billion to the exchequer, and that for broadband access, which fetched over $8.5 billion, the notional loss was estimated at $38 billion to the exchequer.
But Prime Minister Manmohan Singh himself defended Raja’s decision and said May 24 that all that his communications minister had done was to implement a policy already in place and none of the norms were flouted."
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