3.
Which of the following statements accurately summarizes the recent decision by the Indian Cabinet regarding telecom spectrum auctions?
A:
The Cabinet has approved telecom spectrum auctions with a reserve price of Rs 96,317 crore, aligning with TRAI recommendations and government commitments to annual auctions.
B:
The Cabinet has decided to postpone telecom spectrum auctions due to lower revenue projections and ongoing insolvency issues with certain companies.
C:
Bharti Airtel and Reliance Jio are expected to bid aggressively in the upcoming telecom spectrum auctions to acquire additional airwaves for 5G services.
D:
The Cabinet has set the reserve price for telecom spectrum auctions at Rs 50,000 crore, significantly lower than the TRAI-recommended prices.
The answer is:
A
