Government hopes to raise Rs.35,000 crore from 3G auction

Government hopes to raise Rs.35,000 crore from 3G auction

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NEW DELHI - The government expects to raise as much as Rs.35,000 crore ($7.2 billion) from auction of third generation (3G) spectrum, Finance Minister Pranab Mukherjee said Monday while presenting the budget for 2009-10 in the Lok Sabha.

The estimated figure, included in the receipts from the “other communications services” category in the budget, is higher [...]

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