>>Sorry - wrong on multiple levels - if the actual value of this spectrum was 1.76L Cr. then a reserve price of 45,000 Cr. would not matter - basic auction theory
Basic auction theory means market discovery of prices. If you have already decided 1.76lakh to be the value of spectrum, there is no reason to have an auction. There is a logical fallacy in your argument.
>>First, the CAG gave THREE figures of presumptive loss not actual loss"</p> <p>What is the point of giving three estimates that vary so widely? Why did the super CAG insist on putting down an estimate which valued 2G using prices for 3G? 3G was a new technology, being introduced first time in the country, every one was a new entrant and desperate for getting a 3G license - in the case of 2G, people getting new licenses would have been players #5/6/7 in already existing competitive landscapes. Does the CAG not know that apples and oranges are different?
The current auction also proves the other two presumptive loss figures to be wrong. The CAG never stated that 1.76lakh crore is the most authentic number among the three. Secondly, you seem to be obsessed with this number, but the auction took place because of SC judgment and the judgment cancelling the licenses and ordering for auction did not state these presumptive loss figures as the reason. So, essentially you are busy creating and slamming a straw man.
>>Vodafone's retrospective tax is on the topic of taxing merger transactions, has nothing to do with telecom.
Regulatory conditions do not have to relate to telecom for it to affect the sector. Vodafone case is just the kind of reason foreign investors are skeptical of investing in India.
>>There is no difference in economic conditions and financial conditions that justifies a 95% reduction in value of telecom spectrum in 4 years
Typical, I give a number of reasons and you pick up only the last one and interpret it as the sole reason! Nice.
Ok, assuming you do not accept the 1.76l cr figure to be correct, the other loss figure was around 60,000 crore. Can you explain the reason for an 85% fall in value?
>>The conclusion is inescapable - the CAG is numerically challenged
The inescapable conclusion is that people still try and makes excuses for this corrupt, smug and incompetent government by deflecting the blame to the CAG.
>>He fostered competition, lowered prices and earned billions in 3G auction for the country
>> Not only that. Raja should be reinstated as a cabinet minister after offering due apologies.
Correct. Bringing Raja back is the only way to get out of the spectrum mess. He fostered competition, lowered prices and earned billions in 3G auction for the country. No doubt he is thousand times more capable than CAG, Subramanian Swamy and the SC judges combined.
"Vinod Rai should resign".
Not only that. Raja should be reinstated as a cabinet minister after offering due apologies. After all, if there is no loss and no scam, why should he suffer?
Anwaar's demand should go all the way.
How this guy was promoted to the post of CAG shows, how many educated fools are in India? "
KEL SHOREY, GLASGOW
Manmohan Singh appointed Rai as CAG .
Please take up the issue with M M Singh .
By the way if ypour PF Fund due have not been settled by CAG yet to whom you approached then please send me relevant data I will take up with PF Commissioner who not the CAG is the authority to settle PF Case.