SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Coal, spectrum auction fetch govt Rs 3-lakh crore so far

10 Mar 2015 Evaluate

It is raining bonanza for the government, which has gained over Rs 3 lakh crore from sale of coal mines and telecom, way higher than all the estimates, including CAG for value of such resources that have been major reason of two major scams in the recent years.

While the government has fetched Rs 2.07 lakh crore from the e-auction of the coal block, it has garnered rest of the amount from the sale of 2G and 3G airwaves where government is selling spectrum in four bands: 2,100 megahertz (Mhz), 1,800 MHz, 900 MHz and 800 Mhz.

Ironically, these two scams, i.e. ‘Coal-gate’ and ‘Telecom’ scam had become matters of big political debates including run-up to the Lok Sabha polls last year. In total, 204 coal blocks were cancelled, while auction of just 32 of them has already fetched the government Rs 2.07 lakh crore. Besides, the total proceeds from the spectrum auction is expected to cross Rs 1 lakh crore mark, while the minimum amount earlier targeted by the government was Rs 82,000 crore.

Prime Minister Narendra Modi had earlier this month raised some doubts after he underscored CAG's astronomical Rs 1.86 lakh crore loss figure in coal block allocation, but with auction of less than 10% of those mines (19 mines in first tranche) alone  that has garnered Rs 1.10 lakh crore has proved these claims to be right.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: