In a major setback to the ruling UPA, the Supreme Court has just quashed 122 licences issued by the telecom ministry; it vindicates the appeal of the opposition that there were large scale anomalies in the issuing of these licensces in the first place. The government has all along tried to downplay the issue, and at times even defended their ministers. Most vocal among them was Mr Kapil Sibal and his notorious "Zero Loss"theory, according to which the estimated loss to the State exchequer was erroneous and in reality the country had not lost any money in the allocation of these licenses!
It is time for the Prime Minister, Dr Manmohan Singh, to stand up and take a stand on this issue. Though, its more likely that he will keep mum, like always.
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