'Spectrum revenue estimate in Budget 2012-13 was without analysis'
New Delhi: Finance Minister P Chidambaram on Friday said that Rs 40,000 crore spectrum revenue estimate in budget 2012-13 was mentioned without any analysis.
"Last time, the Rs 40,000 (crore) was put in there without any analysis. Just a number was put in there. This time I have got it broken down to last digit and I hold them to that number and I will try to get that number," Chidambaram said in TV interviews.
Government in budget 2012-13 had estimated revenue of Rs 58,217 crore from 'other communication revenue' which included Rs 40,000 crore from spectrum sale through auction. However, the estimate has been revised to Rs 19,440.67 crore following tepid response to the auctions.
For the financial year 2013-14, government expects a revenue of Rs 40,847.05 crore from 'other communication services', which include receipt from spectrum sale.
"I have a statement in writing from the DoT, how they are going to give me that amount. It includes one time fee, it includes fees for excess revenues ... Annual payment on the licences they (telecom operators) have bid and they will have to make over next 10 years," Chidambaram said.
Government was expecting around Rs 26,000 crore from one-time fee on spectrum that telecom operators hold beyond the quantum they were allocated with permits.
Most of the telecom operators approached court and Department of Telecommunication demand for one-time spectrum fee has been stayed by respective courts.
The Finance Minister said that litigation will in turn help government realise pending revenue faster.
"The litigation may not be bad for me. If the matter goes to court and say the highest court, I'll get the money quicker ... Litigation might actually accelerate the payment," Chidambaram said.