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New Delhi, Nov. 21: Planning Commission deputy chairman Montek Singh Ahluwalia today told reporters that it was a “mistake” to have set a high reserve price for the auction of spectrum and there was a need to relook at the price during the second auction planned later this fiscal.
Ahluwalia was a member of the empowered group of ministers on spectrum that set Rs 14,000 crore as the base price.
“I myself had raised the issue that it was a mistake to pitch the reserve price at a level close to that,” Ahluwalia told reporters at an India-Japan symposium here. “I think in hindsight it was clear that the reserve price was too high.”
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