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DoT to assess actual revenue loss due to alleged 2G scam

New Delhi: Asserting that the alleged revenue loss of Rs 1.76 lakh crore on issuance of new 2G licenses in 2008 was “presumptive”, new Telecom Ministry Kapil Sibal today said the DoT will soon start an exercise to arrive at the actual figure.

“All the numbers that are being handed out are all presumptive as the (government auditor) CAG itself said… We must move from presumptive to certainty,” Sibal told PTI.

It (revenue loss to the exchequer) is a separate exercise in which “we have to determine net present value” of the licences, he said, adding there was no auction of 2G spectrum so “you can’t determine what the market value would have been for this.”

It is this exercise that needs to be done, he added.

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