“In its report, the Comptroller and Auditor General of India (CAG) had said that Reliance Communications, Tata Tele, Vodafone, Airtel, Idea and Aircel under-reported their adjusted gross revenue by Rs 46,045.75 crore, leading to a loss of Rs 12,488.93 crore to the exchequer from 2006 to 2010.
The CAG had said adjustment of one-time entry fee paid by telecom firms, whose licences were quashed by the Supreme Court, deprived exchequer of Rs 5,476.3 crore.” (Press Report)
E.III(N) earlier and BSNLEU later has criticized the decision of the government changing from the Licence Fee system to the revenue sharing system for the reason that the private companies will show less revenue and cheat the government. Now this has been proved fully right as stated by the CAG. Govt. should inquire and punish the culprits and the cheating companies.