The Telecom Regulatory Authority of India has begun the herculean task of re-scripting the 2G spectrum allocation policy after the Supreme Court cancelled all the 122 licences allocated in 2008. The task is difficult because they not only have to script the policy within four months but also have to finish the new allocation process in the time limit ascertained by the Apex Court. If they fail to complete the task properly, they will further jeopardize the telecom sector and also fail to cleanse the country’s image that was tarnished due to cancellation of licenses. The telecom sector has been the prominent factor in country’s economic stride. In fact, the telecom sector witnessed revolutionary growth. Unfortunately due to failure and poor policy of the government and the TRAI, the sector is mired in problems. However, the Supreme Court has directly indicted the TRAI whereas government has been indirectly held responsible for the faulty allocation of the licenses, but now the TRAI has no reply on why it failed to check the excesses of the telecom ministry. Similarly, the representatives of the government are busy convincing the people that no mistake was committed at their level. This attitude of theirs is being criticized and if they continue with their attitude, there is no doubt that the TRAI will once again falter in carrying out the herculean task.

The cancellation of 122 licences of 2G does not mean that only the concerned 9 companies are stuck in their work. The subscribers of these companies can also easily migrate to other services in the market, but this will not apply to the employees of the companies whose licences got cancelled. The TRAI needs overwhelming support from the government including the Finance Ministry because they have to save the interests of those foreign companies who got unknowingly trapped in the scam and not merely the banks that extended crores of rupees as loans to companies who were allotted the 2G licences in 2008. If the interests of these foreign companies are not preserved then the prospects for future investments by them would be bleak. At this time when there are various roadblocks for foreign investment, the government in India cannot rejoice that the fresh allotment of 2G licences will be a wise step to attract foreign companies. This is also natural that the foreign players will be a bit more cautious in making any commitment in the country. Although after the cancellation of the licences by the Supreme Court, it is believed that government has an opportunity to rectify their policy, however the policies can only be rectified when there is a special effort to do so. In this context, the fact cannot be ignored that at the national as well as international level it is felt that the Government of India is going through a phase of indecision and they are even unable to take decisions on important matters.