The success of the 5G auctions proves that the Government of India has learnt the lessons from its earlier flaws. Discuss (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· The successful conclusion of the 5G auctions has an important lesson for the government, which has long treated spectrum sales as a revenue-generating machine.
· The government’s move to come out with a relief package for the telcos in September 2021 was thus merited, and the auction results are proof of this.
· Apart from the Rs 1.5-trillion-plus that it was able to mop up, the fact that the premium 700 Mhz band spectrum, which did not find any takers in the previous two auctions, also got sold this time, is quite noteworthy.
· Government provided a four-year moratorium to the operators on paying their large adjusted gross revenue (AGR) dues, which came about through the 2019 ruling of the Supreme Court.
· The decision not to levy spectrum usage charge on airwaves bought in future auctions.
· That 71% of all spectrum on offer got sold this time (against only 40% in the past two auctions in 2016 and 2021) certainly shows that the government does not lose out if policy measures are aimed at bringing a balance between the interests of exchequer, industry, and consumers.
· The government should now take more steps to put the sector on the track to even higher growth.
Tapasvi 2 years
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IAS Parliament 2 years
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Aravind R 2 years
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IAS Parliament 2 years
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K. V. A 2 years
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IAS Parliament 2 years
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KAUSHIK SRINIVASH R 2 years
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IAS Parliament 2 years
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