Bharti Airtel gulped an undue benefit of Rs. 499 crore in Chennai-Tamil Nadu merger, reports CAG
The Comptroller and Auditor General (CAG) of India rapped the Telecom Ministry for providing Bharti Airtel an undue benefit of Rs. 499 crore by allowing them to merge Chennai circle with Tamil Nadu during 2005, in a hasty manner. The prescribed order was issued in September 2005. According to the order, UAS licence for Chennai SA was extended from November 2014 to September 2021. This extension was sanctioned in a... Read More