said the government went ahead despite opposition by Jagmohan who was supported by then Finance Minister Yashwant Sinha.
The report also said that by offering Migration Package, the government had to forego revenue to the tune of Rs 42,080.34 crore.
"A perusal of the note initiated by the then Minister of Communications (Jagmohan) revealed that he was in complete disagreement with the representations made by the operators, who demanded a moratorium on payment of licence fee for two years and extension of period of licence from 10 to 15 years," the report said.
The report, which generated much heat after it was circulated to the 30 members of the JPC in April, suggests there is nothing against Finance Minister P Chidambaram with regard to decisions taken by the Telecom Ministry on 2G allocation.
On the controversial press release issued just before the licences were allocated, the JPC report quotes the CBI to say that the January 7, 2008 press note was "forged by the Minister of Communications and Information Technology" (Raja) with later inclusion of words "press release appd (approved) as amended".
On the government auditor's loss figure of Rs 1.76 lakh crore, it said, "The Committee are of the considered view that the very move for calculation of any loss on account of allocation of licences and spectrum is ill-conceived.
"It is imperative that the calculation of loss to the exchequer on account of allocation of licences and spectrum has to be viewed in the context of the overall policies laid down for the telecom sector from time to time...," it said.
The JPC, set up in March 2011, noted that though there were a number of recommendations on spectrum pricing made by TRAI or committees set up by government as well as views expressed by the Finance Ministry and the PMO, "there was no policy decision taken by the government in favour of auctioning of 2G spectrum."
It said, "Most of the time, TRAI, the Department of Telecommunications, the Ministry of Finance and the Planning Commission favoured maintaining of reasonable spectrum price so as to make available telecom services at affordable price and ensure level playing