Govt expects Rs 20,000 cr revenue from 3G spectrum auction

NEW DELHI: The government on Monday said it anticipates a lower Rs 20,000 crore revenue from 3G spectrum auction, which will take place next fiscal.

"We were earlier anticipating a revenue of Rs 30,000 crore from the 3G spectrum auction. But in the Budget we have factored in this figure at a conservative level of Rs 20,000 crore which could be higher or lower depending on the market price brought out at the auction process next fiscal," Economic Affairs Secretary Ashok Chawla said during the customary post-Budget media conference.

He said that the 3G auction will not take place in this financial year due to some unresolved issues.

"3G spectrum auction will take place this fiscal as there are still some unresolved matters and there is a Group of Ministers which yet to be set up to look into the issues," Chawla said.