Tuesday, July 6, 2010

DoT_To_Frame_Universal_Norms_For_Govt_Auctions

The Finance Ministry has asked the Department of Telecommunications to prepare a document outlining the basic guidelines for conducting auctions in any government department in future.

The Finance Ministry is upbeat after the success of the 3G and broadband wireless spectrum auctions that earned the government more than Rs 100,000 crore. “Highest revenue from auctions to government is paramount,” says Vijaylaxmi Gupta, member, finance.

But, it is easier said than done; Especially so in case of subjects under state list or when the state executes auctions under the central list. For example, “regulation of mines and mineral development is subject to the provisions of List I (Central Government) with respect to regulation and development under the control of the Union.

 To know more pl...read....DoT...
DoT_To_Frame_Universal_Norms_For_Govt_Auctions

Our comments: The auctioning of spectrum has been a great success for govt. All bidders who took part agreed for it. They also faced no difficulty because there was full transparency.  If this is followed, surely the acution method can be followed in other govt. departments also.

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