The 2G spectrum verdict on the astonishing day of 2 February pronounced a cancellation of all 121 permits given after 10 January 2008 by the then Telecom Minister A Raja. There is a fundamental flaw in the principle of first-come-first-served in the distribution of state-owned natural resources,
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Coal block bidding
The government expects to introduce competitive bidding for auctioning coal blocks by the end of the financial year.