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Thursday, October 27, 2011

Introduction To 2G Scam




The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses, which they would use to create 2G subscriptions for cell phones. The shortfall between the money collected and the money which the law mandated to be collected is 1,76,379 crore (1.763 trillion) rupees (roughly equivalent to 39 billion US dollars). The issuing of licenses occurred in 2008, but the scam came to public notice when the Indian Income Tax Department was investigating political lobbyist Nira Radia.
The government's investigation and the government's reactions to the findings in the investigation were the subject of debate, as were the nature of the Indian media's reactions. The discussion around the reactions to the 2G
spectrum scam became known in the media as the Nira Radia tapes controversy.
Much of the credit of bringing this whole scam into public light goes to J.Gopikrishnan, a reporter from The Pioneer.Jai Hind
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