Spectrum Auction Day 3: Reliance Jio Infocomm, Bharti Airtel, Vodafone boost bids to Rs 50,000 crore

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Spectrum auction took off from about Rs 45,000 crore revenue mark achieved on Tuesday. Spectrum auction took off from about Rs 45,000 crore revenue mark achieved on Tuesday.
SummaryThird round of spectrum auction saw aggressive bidding by Reliance Jio, Bharti Airtel, Vodafone.

Rs 40,874 crore from spectrum revenue in this fiscal and a bumper collection for airwaves auction would help the government help to keep fiscal deficit under control.

The country's fiscal deficit at Rs 5.16 lakh crore has already crossed 95 per cent of budget target in the first nine months of 2013-14.

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