The union government appointed Home Minister P. Chidambaram chairman of the Empowered Group of Ministers (EGoM) on spectrum. He became the 3rd chairman of the EGoM, replacing Sharad Pawar, Who took the place of Pranab Mukherjee.
The most important part of the EGoM’s work is to fix the reserve price for the spectrum in the 2G auctions scheduled for August.
The Telecom Regulatory Authority of India (TRAI) has recommended a reserve price of Rs. 18348 crore for 4.4 MHz of Pan- India spectrum – a quantum leap from Rs.1658 crore at which the former Telecom Minister, A. Raja, allocated pan – India licenses in 2008.
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