Audit ‘erroneous’ in fixing spectrum loss at $40 bn: Sibal

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Short of rejecting the official auditor’s report, Communications Minister Kapil Sibal Friday said the methodology it used was “utterly erroneous” in pegging Rs.1.76 lakh crore ($40 billion) as the notional loss while awarding airwaves for second generation (2G) phone services in 2008.Sibal also slammed the opposition for disrupting the entire winter session of parliament and… Read more »