2g Scam Essay

5398 words - 22 pages

Financial Frauds in India

The 2G scam

Aniruddh Narsimhan - P35114
Disha - P35125
Manu Vatayan – P35149
Mrinalini - P35152
Svethal Bhasin - P35188

2G spectrum scam took place in India in late 2000’s which involved politicians and government officials who tried illegal undercharging mobile telephone companies for frequency allocation licenses, which they would then use to create 2G spectrum subscriptions for mobiles. The entire process of allocation of UAS licences lacked transparency and was undertaken in an arbitrary, unfair and inequitable manner. The Hon'ble Prime Minister had stressed on the need for a fair and transparent allocation of spectrum.
Let us understand the ...view middle of the document...

In India, the radio frequencies are confined between 9 KHz and 400 GHz.
Spectrum can be classified according to its width. Spectrum Range is as follows: -
Cable TV | 145-860MHz |
2G | 800-1900MHz |
3G | 2100MHz |
4G, broadband internet | 2300M |

So, we first send the data from Ahmedabad to a Satellite hovering in the sky, and from there, send the data to Mumbai. Now we face a problem:

Problem Number 1:
First satellite which would be super expensive so private player (Businessman) cannot afford it.
But here comes the Government it helps in launching the satellite using ISRO. Thus the spectrum, which was needed for businessmen, is created. Then Government will charge money to whosoever (cell phone company) uses this spectrum.
Now a businessman wants to launch his own mobile service (like Vodafone, Airtel etc).  Therefore he is interested in using this 2G highway, to transport his data packets. He can also use 3G or 4G, which provide faster data transfer, but they’re more expensive.

Problem Number 2: Things needed to access Spectrum
Problem (businessman’s side) | Solution |
1. Driver’s License (to operate the truck) | Apply to Department of Telecom. |
1. Pay rent/toll for using this highway (spectrum). Just like people pay for using Bandra-Worli sea-link or Yamuna Expressway. | Get loan from SBI. Pay the money to Government. Or even better, bribe minister so they give free spectrum. |
Since highways have fixed capacity. So government cannot give license to 500000 businessmen else, it’ll create traffic jam. So, From Government’s side what should be the “ideal” solution?
Check the application of people who are applying for the service: does he have previous experience of running telecom business.
After verifying his record, sell the access to this Spectrum.

Problem Number 3:
How should Government sell access to this Spectrum?
Two methods, 1) First Come First Serve 2) Auction.
Both have their advantages and problems.
You already know how cinema tickets are sold. The person, who is first in the line, gets the ticket. If you come late, you don’t get the ticket. This also leads to ticket black-marketing, for example, I come early, buy all the tickets. You come late, all the tickets are sold, I offer my tickets to you at higher price and make huge profit. This is not good for economy because I’m making money without producing any new goods/services which will lead to inflation. But according to a theory propounded by Mr.Sibal, this is “zero loss” because cinema hall did receive money for ticket sale. So it’s not like Cinema-hall making losses!

Anyways, for common people:
Buying ticket is not crime but buying ticket but not watching movie and selling that ticket to third person higher price crime.

Method#2: Auctioning method
As the name suggest, auction the tickets. If person A offers Rs.200 for a seat and Person B offers Rs. 500 for the same seat, then sell the ticket to Person B.
From...

Other assignments on 2g Scam

The Vc Shakeout Essay

2033 words - 9 pages ECONOMY 26 Luring a big firm to town is not the secret to job growth DEFEND YOUR RESEARCH 30 Are morning people wired for success? VISION STATEMENT 32 The social web’s east-west divide COLUMN 38 Warren Bennis looks back on his surprising path to fame New Thinking, Research in Progress hbr.org New Thinking, Research in Progress hbr.org FIRST The VC Shakeout Venture capital hasn’t worked for a decade and must be radically

Hospitals Paper

6014 words - 25 pages I hope to provide in this paper a comprehensive understanding for what the term “hospital” has become. Hospitals are an extremely complex system that man has created and shaped and reshaped throughout history. My goal in writing and researching this paper will be to provide those who read it a clear understanding on how the hospital system got to where it is today, and to shed some light on the many organizations that affiliate with and

Course Syllabus

2610 words - 11 pages [pic] COURSE SYLLABUS Semester: Fall, Year: 2012  College Mission Statement Richard J. Daley College provides high-quality education which leads to academic success, career development, and personal enrichment that fulfill diverse community needs. Mathematics Department Mission Statement Our mission is to deliver excellent service and to provide learning opportunities by offering a wide range of mathematics courses, which will help our

Management

1477 words - 6 pages Boeing Management Planning Heather Oetzel MGT 330 October 22, 2012 Joe Cheng Abstract Boeing is known as “the world’s leading aerospace company and the largest manufacturer of commercial jetliner and military aircraft combined ("The Boeing Company: About Us", 2012). Every company uses different types of management techniques including how the planning function of management is used. Planning allows organizations to develop how the

Assisted Suicide

1015 words - 5 pages Should physician-assisted suicide be legal? While I believe if one chooses to end his or own life through physician assistance for reasons that they chose, the choice should be up to the individual. Physician-assisted suicide should be at one's discretion. “Assisted Suicide, also called Voluntary Euthanasia, is currently a contentious issue in many countries. Because Euthanasia is legal in a few modern democracies: the Netherlands, Belgium

Tanglewood Case 1

797 words - 4 pages Tanglewood’s staffing strategy requires the organization to make key decisions about the acquisition, deployment, and retention of the organization’s workforce. In order to accomplish this, Tanglewood’s must make thirteen decisions regarding its staffing levels and its staffing quality. One of the first decisions that Tanglewood needs to choose is to acquire or develop talent. Tanglewood should try to develop their current talent because one

Nnnnn

1391 words - 6 pages Есе по въпроса: Кои от всички „действащи” лица могат да се разглеждат като морално отговорни и в какво именно? по казуса Форд „Пинто” Корпоративните злодеяния са нанесли повече вреди на обществото от всички улични престъпления взети заедно. Според данни на ФБР сумата от уличните престъпления възлиза на $3.8 млрд. годишно, а загубите от корпоративните измами между $100 млрд. и $400 млрд. годишно

The Penis

1052 words - 5 pages The short story ”The Penis” is written by Hanif Kureishi. The short story is about a penis, which has been separated from its owner Doug, who we hear from later on. At first though we hear about a guy called Alfie who was “a cutter – a hairdresser – and had to get to work”. He is having breakfast with his wife, when she asks him what he did last night, and if he had a good time last night? Alfie can not remember what he did last night, he then

Managed Care Paper

543 words - 3 pages Managed Care and Case Management Care Marvin Lloyd BSHS/402-Case Management 27 August 2012 Virgil Miller Managed Care are techniques employed to help reduce the cost for providing health benefits and a system for improving organizations quality of care

Media

439 words - 2 pages The life expectancy is lower; so people are not kept alive with drugs for decades in a virtual sleep state. There is less state education; so kids don't have it drilled into them that their only goal in life is to make money, at the cost of 'everything' else. The health care is less; so diseases, usually brought by Westerners, kill many more than they do in countries where drug companies can make a fortune from selling medicines that aren't

Chapter 6 International Business

7113 words - 29 pages CGGGG The Political Economy of International Trade Chapter Outline OPENING CASE: Why Are Global Food Prices Soaring? INTRODUCTION INSTRUMENTS OF TRADE POLICY Tariffs Subsides Country Focus: Subsidized Wheat Production in Japan Import Quotas and Voluntary Export Restraints Local Content Requirements Administrative Polices Antidumping Policies Management Focus: U.S. Magnesium

Similar Documents

2g Scam Essay

551 words - 3 pages 2G Scam an UPDATE From the time allegations of misappropriation during the bidding for allocation of 2G spectrum surfaced, till Telecom Minister A Raja's ouster, high drama charged both politics in Delhi and Tamil Nadu. So what exactly is the Spectrum Scam that led to all this? WHAT IS SPECTRUM SCAM?   • 2G licenses issued to private telecom players at throwaway prices in 2008 • CAG: Spectrum scam has cost the government Rs. 1.76

Ahold Corporate Governance Essay

3238 words - 13 pages constitute a joint parliamentary committee of all parties to investigate the scam (that resulted in total deadlock in entire last parliamentary session). India, Republic of Scams 2G Spectrum Allocation Fraud(2010) India Today Jan 3, 2010 No tolerance for corruption or deception? Govt refused Joint Parliamentary committee because based on proportion of MPs there will be majority representatives from other parties who will be able expose those

Mgt216 Essay

714 words - 3 pages The first ethical issue presented in the ethics game simulation was whether to warn consumers about the contaminated product and what information to provide consumers about the contaminant. The second ethical issue was whether to sell a product that does not meet U.S. safety requirements in a foreign market that has lower safety restrictions. G-BioSport was not required to meet prior approval from the Federal Drug Administration before they

Economy Effect Of Marijuana Essay

277 words - 2 pages Modern American History by Alan Renga 2nd Mid Term! You will be given 3 Short Essay questions and 20 Multiple Choice questions deriving from this list! 80 points total! The 1920s Warren Harding then Calvin Coolidge Tea Pot Dome 1st Red Scare Immigration Restriction, Sacco and Vanzetti Langston Hughes, Marcus Garvey, KKK Prosperity, advertising Prohibition, Al Capone Flappers, Clara Bow, Rudolph Valentino Babe Ruth, Jack Dempsey