Business Standard / New Delhi Feb 06, 2012, 00:21 IST
This refers to the edit “Time to redial” (February 3). Reassuringly, the Supreme Court’s ruling on the 2G case has come as a salutary lesson to politicians as well as corporate giants. Once and for all it has made it quite clear that the looting of precious public assets such as spectrum by business houses in connivance with the political class cannot be allowed. The presumptive loss due to the irregular grant of spectrum licences in 2008 is estimated to run into crores and crores of rupees. The government can no longer deny the enormity of the economic crime committed by it in the name of expansion of mobile connectivity and consumer interest over revenue maximisation. Singling out A Raja alone as the sole culpable person is grossly unfair. Let us hope that venal politicians and greedy corporate companies will now think twice before striking sweetheart deals.
G David Milton, Maruthancode
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