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    A1 Term Proposal

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    Siddhartha Mishra
    This document summarizes a report submitted by students on the 2G spectrum scam in India. The scam involved the allocation of licenses for second generation mobile phone services in 2008 at 2001 prices, resulting in a loss of billions of dollars to the exchequer. Key beneficiaries who got licenses at throwaway prices, like Swan Telecom and Unitech, later sold stakes in their companies for much higher prices. The scam highlighted issues of corruption, lack of adherence to process, and the influence of corporate interests on the telecom ministry and policymaking. The report aims to analyze this scam in the context of governance, capitalism, corruption, and ways to curb corruption.

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    A1 Term Proposal

    Uploaded by

    Siddhartha Mishra
    26 views3 pages
    This document summarizes a report submitted by students on the 2G spectrum scam in India. The scam involved the allocation of licenses for second generation mobile phone services in 2008 at 2001 prices, resulting in a loss of billions of dollars to the exchequer. Key beneficiaries who got licenses at throwaway prices, like Swan Telecom and Unitech, later sold stakes in their companies for much higher prices. The scam highlighted issues of corruption, lack of adherence to process, and the influence of corporate interests on the telecom ministry and policymaking. The report aims to analyze this scam in the context of governance, capitalism, corruption, and ways to curb corruption.

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    This document summarizes a report submitted by students on the 2G spectrum scam in India. The scam involved the allocation of licenses for second generation mobile phone services in 2008 at 2001 prices, resulting in a loss of billions of dollars to the exchequer. Key beneficiaries who got licenses at throwaway prices, like Swan Telecom and Unitech, later sold stakes in their companies for much higher prices. The scam highlighted issues of corruption, lack of adherence to process, and the influence of corporate interests on the telecom ministry and policymaking. The report aims to analyze this scam in the context of governance, capitalism, corruption, and ways to curb corruption.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    26 views3 pages

    A1 Term Proposal

    Uploaded by

    Siddhartha Mishra
    This document summarizes a report submitted by students on the 2G spectrum scam in India. The scam involved the allocation of licenses for second generation mobile phone services in 2008 at 2001 prices, resulting in a loss of billions of dollars to the exchequer. Key beneficiaries who got licenses at throwaway prices, like Swan Telecom and Unitech, later sold stakes in their companies for much higher prices. The scam highlighted issues of corruption, lack of adherence to process, and the influence of corporate interests on the telecom ministry and policymaking. The report aims to analyze this scam in the context of governance, capitalism, corruption, and ways to curb corruption.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    2012

    ETHICS AND VALUE IN MANAGEMENT


    2 G Spectrum: The dirty mix of corruption, capitalism and system!

    SUBMIITED TO PROF GOVINDA SHARMA

    SUBMITTED BY DANENDRA KUMAR MISHRA 11014 MANU GOVIND.S 11030 MOHIT KUMAR GUPTA 11031 SIDDHARTHA SHANKAR MISHRA 11050 SOURABH RAI 11053 SOWMYA BORRA 11054

    SDMIMD 02-Jan-12

    2 G Spectrum: The dirty mix of corruption, capitalism and system!


    We have had a number of scams in India; but none bigger than the scam involving the process of allocating unified access service licenses. The issue dates to 2008 when nine telecom companies were issued scarce airwaves and licenses for second generation (2G) mobile phone services at Rs.1,658 crore (less that $350 million) for a pan-India operation. As many as 122 circle-wise licenses were issued. The opposition said that by giving the airwaves cheap, that too in the controversial manner of first-cum-first-served basis, the exchequer had lost billions of dollars. The cut-off date for applications was also arbitrarily advanced. The final blow came after the Comptroller and Auditor General of India said the entire process of spectrum allocation was undertaken in an arbitrary manner and that the advice of the industry watchdog was ignored and misused. The amount is approximately 2% of national GDP or 1/3 of current tax revenue of India. It is also equals to annual income of telecom service sector. The former Telecom minister A Raja who according to the CAG, has evaded norms at every level as he carried out the dubious 2G license awards in 2008 at a throw-away price which were pegged at 2001 prices.

    BENEFICIARIES
    Reliance Communication allegedly had stake 10.7% of in Swan telecom. But according to rule a telecom operator cannot own more than 10% stake in another telecom operator company operating in same area. Unitech had no experience in telecom sector but according to rule the license should be given to those who have experience in telecom sector. They got license for throw away price of Rs. 1661 crore. It sold its 60% stake to Telenor at Rs. 6200 crore. Swan Telecom got license for Rs. 1500 crore. It sold 45% stake to UAE based Etisalat at Rs. 9800 crore. Swan Telecom had no experience in telecom sector. Other beneficiaries include Datcom solution, Loop Telecom, Tata teleservice, STel ltd, Idea cellular & spice communication. Ethical issues: With outbreak of 2G scam following ethical issues on the part of Government, Regulatory bodies, Media & industry came into forefront. Governance: Spirit of collective responsibility not conserved. Seemed like throwback to the license raj era.

    ISSUES
     Analyze and understand the 2G scam that broke out in one of the fastest growing economies of the world  Discuss and debate the role played by corporate houses, politicians, etc. in the scam  Understand the genesis of capitalism, even as capitalism professes free markets  Discuss and debate whether corruption is a normal part of business or an economic malaise that needs to be urgently curbed  Discuss and debate whether some countries are more corrupt than others  Explore ways in which corruption can be discouraged

    INTENDED REFERNCES
    News papers (Deccanharold archives) CAG annual Report Radia lobbied to get Raja telecom ministry Headline today November 2010 Internet source.

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