The 2G scam - has shaken the trust of world business in India - Group Discussion

The 2G spectrum scan in India is related to illegally creating 2G subscriptions for cell phones. This scam was incepted and encouraged by few government officials by undercharging mobile telephony companies. The scam amounts to thousands of crore of money.

For:

- Needless to say, the scam involved millions of dollars of money. This means that the money that could be used for a better cause was involved in corruption.

- Many companies that received the license were not even eligible. Such scams encourage many other companies.

- Lot of officials involved is public servants with great powers and stature.

- This case is considered as one of the biggest scams of the country. Obviously, such scams shake the trust of world business in India.

- There were foreign investments that were affected by this scam. Certainly, foreign companies will be in dilemma to invest henceforth.

Against:

- The 2G scam has shown the right path and exposed the loopholes in the policies and procedures.

- Foreign companies are matured enough to realize that such scams are more individualistic in nature rather than based out of benefit of the country.

- India is a developing country; the spectrum of investments and earnings is varied. It cannot get influenced by such scams.

- India is a democratic country and known for its sovereignty and integrity. Foreign companies realize that justice would be granted sooner than later.

The 2G scam has not been concluded yet. Foreign investments should be encouraged. Such scams throw light on how some policies and procedures are weak in nature. In essence, this scam has been an eye opener. It encourages the government to become more stable and frame even stringent procedures.