Jaitley said a CAG (comptroller and auditor general) report of February had stated that the six telecom service providers, between 2006-07 and 2009-10, had under-reported their revenues to the extent of Rs 46,000 crore, depleting the share of the Union government in licence fee and spectrum user charges by about Rs 5,000 crore.
The CAG report was received by the telecom department in February and its supporting documents were received in June and these are being scrutinised so the telecom department can take further action in the matter.
By parliamentary procedure, the CAG report is now pending before the Public Accounts Committee (PAC), the finance minister said.
He said the telecom department, notwithstanding the fact the issue is pending before the PAC, is processing these documents and will take action.
"What is act of omission and commission by the present Government? An impropriety took place during the UPA Government for which the present Government will take action," he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
)