The recent auction of the 2G spectrum has drawn bids of only Rs. 9,407 crore. Various spokespersons of the Congress and Union ministers have been propagating that this somehow justifies Raja’s illegal first-come-first-served policy of giving away spectrum.

There is a story doing the rounds that when a Minister went up to Manmohan Singh complaining about “primitive accumulation of capital” with respect to a huge real estate scam, the PM asked him what was wrong with primitive accumulation, apart from the word primitive?

The CAG report exposes strategies and procedural failures on part of the government favouring unholy expectations of Reliance Industries Limited. Prabir Purakayastha, in conversation with Paranjoy Guha Thakurta, gives details.

As we discussed in our KG Basin Gas scam first part, there are various dimensions to the scam. In this part, we will focus on two issues – one, the impact of share of revenue due to inflating of capital costs; two, specific item of the increase to indicate how the books have been cooked to benefit Reliance.

The CAG final report which is circulating in the media has substantiated all the charges that Sitaram Yechury had made in his letter to PM in May 10,2010. The dimension of the scam for 2^nd generation (2G) licenses as per CAG's calculations is a mammoth Rs. 1,76,000 crore. It has also brought out some new issues that were not known before.