CAG to probe the cheap spectrum sale.

• The CVC, CBI are investigating the alleged revenue loss of Rs 50,000 crores to the government in the cheap spectrum sale effected by DOT. The CAG has entered into the probe now.
• The CVC had received complaints that the DOT is giving away the spectrums worth around         Rs 60,000 crores at Rs 9,000 crores on a first xome first served basis.
• The estimated loss of Rs 50,000 crores is based on the values of deals struck by Unitech and Swan with Telenor and Etisalat.
• The valuations of Rs 11,600 crores and Rs 9,400  crores have been struck within months of these xompanies being awarded the spectrum at Rs 11,600 crores.
• The Delhi High Court has held that arbitrary cut of dates are illegal. This raises a quwstion mark on the licences issued through FCFS.
  

Goa express rams stationary train near Mathura station.

• The Delhi bound Goa Sabarkranti Express rammed against the stationary Mewar Express also bound for Delhi in the early hours on Wednesday near Mathura junction on the budy Mathura - Vrindavan route.
• The ghastly accident has left 22 passengers killed and 23 passengers injured raising questions about railway safety.
• The impact of the accident was so great that many coaches of both the trains had just turned into heaps of metal. The army had to be summoned with special cutters to rescue the stranded passengers.
• The impact was so great that the engine of the Goa Express ripped open the SLR van of the stationary Mewar Express. Further, the pantry car of the Goa Express which was at the farther end of the train was also severely damaged.
• According to the Railway sources, the driver of the Goa Express must have over sped or crossed signals.