"Telecom analysts believe that a sharp downward revision by the government in its telecom non-tax receipts for FY22 indicates that 5G spectrum sale in the 3.5 GHz band is unlikely in the next fiscal.

Budget documents released on February 1 show that the government has slashed its budgeted telecom non-tax receipts for FY22 by 60 percent to Rs 53,987 crore. In the previous budget (FY21), the government had set an ambitious revenue target of Rs 1.33 lakh crore, but had later revised it to Rs 33,737 crore."

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