2G auction: BJP slams UPA for flop show

Image
BS Reporter Mumbai/Ahmedabad
Last Updated : Nov 17 2012 | 12:13 AM IST

The BJP on Friday blamed the Congress-led UPA government for "failure" of the recently concluded auction of 2G mobile phone spectrum. It further slammed Union Telecom minister Kapil Sibal and UPA government spokesperson Finance Minister P Chidambaram for "celebrating" the flop show of the 2G spectrum auction.

The recently concluded auction, which lasted just two days, got total bids worth Rs 9,407.64 crore, just one-third of the minimum Rs 28,000 crore the government was expecting.

"There was mismanagement of the telecom sector by the union government in 2012. The failure of the 2G spectrum auction is an example of the direction in which this government was taking the country's economy to," said senior BJP leader Arun Jaitley on Friday on sideline of a party function in Ahmedabad.

"Any responsible government would have been concerned over the situation. But this UPA government is the one which is happy with its failures," Jaitley claimed.

"The government spokesperson and its minister appear very happy that this auction was a failure. The government has lost its sense of fairness. They cannot comprehend that this failure was a loss to government treasury, and is likely to put pressure on the fiscal deficit of the country. It will also have a negative impact on India's economy," said the Rajya Sabha MP from Gujarat.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 17 2012 | 12:13 AM IST

Next Story