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Tuesday, February 16, 2010

3G auction date to be set to maximise revenue - official

Cabinet secretary said on Tuesday it does not matter if the 3G auction happens in this fiscal year or the next, and setting a date will be done according to how to maximise revenue from the auction.

"I think all the issues have been resolved," cabinet secretary K.M. Chandrasekhar told reporters. "I don't think it really particularly matters if this year or next year."

The auction has been deferred since January on differences with the defence ministry which possesses much of the airwaves. The lack of this revenue this fiscal year ending on March 31 will impact India's fiscal deficit, which is at a 16-year high.A

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