What we need to reduce scams is better regulatory bodies.

All these scams are very shameful.i believe that we need to exercise our rights. we should learn something from the egyptians and probably campaign against the govt. and ask them to take some major steps.i know this may result in a huge revenue loss but it will definitely help in future.somebody needs to make a change.

The whole thing is just because of corruption in the society.it is a virus which polluted each and every field.the ministers wanted to earn more profit and wanted to become rich as soon as possible.
i think we are responsible for all these going around.chose the right leader,no matter which party does the person belongs.it is the time to do something for your country for your motherland.

The CBI predicted that the scam was mainly due to loss from underpricing the Government of India. The telecom bandwidth was being undervalued and the licenses were offered on the basis of 'First-Come-First-Served'.

Out of the 122 new licenses that were given out, 85 licenses were won by companies that did not meet the eligibility criteria. Some companies who did not have any telecom infrastructure also got 2G licenses

According to a report submitted by the Comptroller and Auditor General based on money collected from 3G licenses, the loss to the exchequer was 176,379crore

The recent scams have posed a threat to the image of the nation in the global scenario. This might turn out to be the reason that the foreign investors lose faith on the profitability and sustainability of telecom cos. And banking companies (2g scam & banking scam).

The recent scams like 2g spectrum scam, Adarsh society scam have proved that its the higher officials who are responsible for loss millions of money. The money which belongs to the citizens of our country, for our welfare but the common man is suffering just under taxes n rising prices.

Many IAS officers are under cover and history says that if there is no responsible regulatory body taking action, our dream of becoming a developed country will remain a dream.