5G spectrum auction’s proceeds not included in Budget: FM

The full-Budget 2019-20 has not incorporated the expectedproceeds from 5G telecom auction as revenue, a senior official said on Friday.

According to Finance Secretary Subhash Chandra Garg, theexpected proceeds were not included as revenue in the Budget as the Departmentof Telecom is still working out modalities of the auction.

   

At present, the government is expected to garner Rs 4.5- Rs5 lakh crore over a period of time.

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