DoT has set up a committee to frame the proposed Act, which will have seven members with retired judge Justice Shivraj Patil as its chairman.
The committee will review and analyse the existing legislations relating to spectrum management and formulate a new comprehensive and integrated Act, according to an internal DoT note.
"The Spectrum Act will give the authority to withdraw or cancel spectrum assigned but not in use, during the course of regular monitoring," the note said.
The proposal for a Spectrum Act came in the wake of controversies related to the allocation of spectrum to new players in 2008 at a price determined in 2001.
The CAG had observed that it had caused a whopping Rs 1,76,000 crore (Rs 1,760 billion)
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