Central govt ,it is reported in the press,to reduce the base price of GSM Spectrum in the second round of auction proposed to be held in March 2013.The Supreme Court had pulled the govt for not auctioning the spectrum in full in auction conducted on November 12-14 which became a flop.The court had warned the centre that it will not allow the govt even 0.1 per cent of spectrum unauctioned.With the reduction in the base price the govt wants to appease the big telecom companies and at the same time to prove desperately the presumpative loss of Rs.1.76 lakh crore estimated by the CAG was wrong.