2G is short for second-generation wireless telephone technology.
The wavelength between 800-1900MHz is called 2G spectrum,
which is useful for mobile communication technology.
In 2008,the UPA, issued 122 new telecom licenses to several domestic
companies with little or no experience in telecom sector, and at a price set
The shortfall between the money collected and the money which the law
mandates to be collected is 1.76 lakh crore rupees.
SHORT FALL OF MONEY
A. Raja arranged the sale of the 2G spectrum licenses
below their market value.
The fact that the licenses were quickly resold at a
huge profit indicates that the selling agents issued the
licenses below market value
Nine companies purchased licenses for Rs. 10,772
crore, The amount of money expected for this
licensing by the Comptroller and Auditor General of
India was 1,76,700 crore
CPI(M) has reiterated its demand for cancellation of
the licenses of those private Telco's .
Prakash Karat, General Secretary, CPI (M) said “
The Government should cancel these licenses and
auction the spectrum so that the revenue lost can be
CPI(M) was the first to point out to this biggest scam
in the country in 2008 itself. Its continuous exposal
and also of the other opposition parties had
compelled the Government to dismiss