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The cabinet on Thursday approved the recommendation of the Empowered Group of Ministers (EGoM) to reduce the reserve price for unsold 1800 MHz spectrum by 30% for the next auction.Following a muted response in the 2G auction held last month, the EGoM had last week recommended a reduced reserve price for the four key circles 'Delhi, Mumbai, Karnataka and Rajasthan' which did not receive bids last month on account of high reserve price.read whole story
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