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S-band Spectrum Scam


The Comptroller and Auditor General (CAG) have started inquires into a agreement made in 2005 between Antrix Corporation Ltd. And Devas Multimedia Private Ltd. The Antrix Corporation Ltd. is an arm of Indian Space Research Organization (ISRO).

The agreement made relates to launching of two satellites for Devas Multimedia Private Ltd. It is learnt that a large hidden benefit for Devas was present in the agreement made. The benefit involves usage of 70 MHZ of the S-band spectrum over a period of 20 years. The S-band spectrum is a scarce resource.

The preliminary estimates points to a loss of Rs. 2 lakh crore (2,00,000 crore) to the exchequer. In comparision, the loss to the exchequer in the 2G Spectrum Scam is Rs. 1.76 lakh crore.

Timeline

S-band Spectrum Scam in News

Amazed by defamatory comments by Pranab Mukherjee: Sushma Swaraj
Bharatiya Janata Party (BJP) leader Sushma Swaraj on Sunday criticized Finance Minister Pranab Mukherjee for equating the opposition parties with the Maoist rebels after the winter session of the Parliament was stalled by the opposition.

Committee appointed to review Antrix Devas deal on S-band spectrum
The Government on Thursday formed a two-member panel to look into the technical aspects of the controversial S-band spectrum allocation.he panel, headed by B K Chaturvedi, Member, Planning Commission, will review the technical, commercial, procedural and financial aspects of the agreement between Antrix and Devas Multimedia Pvt. Ltd.

Manmohan Singh must explain S-Band spectrum scam: Shahnawaz Hussain
Bharatiya Janata Party (BJP) leader Shahnawaz Hussain has demanded an explanation from Prime Minister Dr. Manmohan Singh about the new and unique S-Band spectrum allocation scam.

Reply of PMO on S-Band scam is unsatisfactory, claims BJP
The Bharatiya Janata Party (BJP) on Tuesday pulled up the Congress-led United Progressive Alliance (UPA) Government at the Centre, claiming that the reply of the Prime Minister's Office (PMO) on the S-Band scam is unsatisfactory.

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