It was a great ploy intelligently crafted and then unwillingly broken declared ‘annulled’. All the top notch people and esteemed institutions were instrumental in making this episode crucial, juicy and dramatic. Prime minister office as usual tried to shrug off the onus of this issue. One of the most reputed organizations – Indian Space Research Organization (ISRO) was in the helm of the entire episode. Even the role of foreign institutions and investors involvement added all due elements to elevate the seriousness of the matter. And as this issue is comes under the jurisdiction and direct supervision of Prime minister – which has already earned the reputation of Silence/Weak/Compromising PM- and his complete unawareness from the license allotment add woe to his government which earnestly proved itself to be the most corrupt, tainted, & irresponsible government country has ever saw. The amount which is presume as a loss to exchequer is staggering 2, 00, 000, 000, 000, 00 or $32 billion or simply 2 lakh crore, making it the biggest scam ever happened in India.
S band spectrum scam which emerged as the biggest scam in the country was the outcome of unfair and opaque (back-door) policy opted by government and allotted the valuable and scarce asset at throwaway prices to a Bangalore based private company Devas Multimedia. The S band is the part of frequency spectrum ranging between 2 GHz- 4 GHz. And what makes this airwave frequency so crucial is its usage for the satellite communication and other sophisticated purposes like security and high-end technological applicability in WiMax and LTE, other than basic mobile services.
Though the estimated loss of 2 lakh crore is calculated by Comptroller Auditor General (CAG), which earlier estimated the 2G spectrum scandal as 1.76 lakh crore to the exchequer. Later Kapil Sibbal has declared this estimate as highly erroneous. God knows what if Kapil shab again given chance to defend government what he would say? Utterly ridiculous!!!!
Government worldwide used to make billions of dollars by putting such waves on auction and inviting bid in a highly competitive process. Last year Indian government earned more than 1 lakh crore rupee by selling Broadband and 3G spectrum in a competitive auction. This money is now a cushion to the UPA-2 government to meet all its populist and so-called pro-people flagship schemes.
Just have a look to the other aspect of this S Band spectrum scandal. Recently 20 MHz of spectrum was given to two state owned company BSNL and MTNL at 12,847 crore for offering broadband spectrum. And as per the media reports Devas Multimedia was awarded with 70 MHz in the same band with just 1,350 crore.
Though the entire paperwork related to the license allotment has fianlised in Jan 28, 2005 when ISRO by its commercial wing Antrix granted a contract to a small start-up firm Devas Multimedia without proper bidding process. But the entire issue came to surface only recently when a leading business newspaper published the CAG observation in which he had questioned the manner in which ISRO-Antrix rented out transponders to Devas.
The worth of S-band telecom spectrum is in billions of dollars to communication providers. While S-band is not in intensive use but likely to become increasingly valuable in
Now everything seems to be set in right manner as government has scrapped the deal but few questions remain unanswered:-
Ø Why the ISRO-Antrix has allotted the license to a start-up founded in 2004 without any bidding process of such a scarce national assets that too without PMO approval?
SMALL FACT ABOUT THE BIG PICTURE
President and CEO of Devas Multimedia
People and institutions directly came in picture during this whole uproar Mr. Manmohan Singh, Law Minister Veerappa Moiley, ISRO, Space Commission, PMO, Cabinet Committee on Security, Department of Space, Defense Minister A.K.Anatony, Antrix, Devas Multimedia, Three major Foreign Investors.
Keep a close look on the blog for detailed and thorough picture of seemingly small news.
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