Bangalore, Feb 7 (PTI) Indian Space Research Organisation(ISRO) today said the Department of Space (DoS) would reply tothe issues raised by CAG on its audit report over allocationof scarce S-band spectrum to a private firm.
Hours after CAG clarified that audit of certain activitiesof the DoS was underway and only preliminary queries have beenraised, ISRO said "these will be replied to by the Departmentof Space".
Bangalore-headquarted ISRO said the agreement entered intoby Antrix, its commercial arm, with M/s. Devas on January 28,2005, is already under review by the DoS and "the governmentwill take whatever steps are necessary to safeguard publicinterest".
A decision on the matter was likely to be taken soon, itsaid, in an apparent rejoinder to reports on the agreementbetwee Antrix and Devas that allegedly confers unbridled useof 70 MHz of S-band spectrum over a 20 year-period.
A newspaper report today claimed preliminary estimates byCAG has placed the loss to the exchequer on account of thedeal at Rs two lakh crore.