• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

Simultaneous Multiple Round Ascending (SMRA) Auction of spectrum 

December 23, 2020
in Economy
Reading Time: 3 mins read
0
Simultaneous Multiple Round Ascending (SMRA) Auction of spectrum 
826
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news 

Recently, The Union cabinet cleared auction of radio spectrum in various bands for commercial mobile services that will use the well-proven methodology of Simultaneous Multiple Round Ascending (SMRA) Auction

What is Simultaneous Multiple Round Ascending (SMRA) Auction?

The SMRA auction format lets bidders bid on multiple individual lots at the same time. It better caters for lots that are substitutes or complements.

In an SMRA auction of spectrum, lots typically correspond to the right to use a specific frequency block (or blocks) in a defined geographic area. A number of single lots are open for bidding at the same time.

It has both simultaneous and multiple rounds of auction:

Simultaneous 

  • All Offerings Open Simultaneously 
  • Remain Open Together 
  • All Offerings Close Together
  • Benefits: It facilitates switching between offerings 

Multiple Rounds 

  • Auction event is open over multiple rounds (Clock Stage).
  • Benefit: Increases probability of optimum demand supply match based on Market Dynamics
  • Bidding allowed only over the public Interne

The SMRA auction process in India: 

  • All offerings remain open for bidding until bid is received even for one.
  • Each bidder bids only once in one round. This is followed by a ‘round result’. 
  • System generates the asking price. Bidders accept or do not accept this price. 
    • If accepting the price, bidders mention quantity. 
  • Bidders do not need to inform before auction where they are interested
  • Subject to submission of adequate EMD and fulfilling other constraints, bidder can bid wherever they want.
  • All offerings remain open for bidding until bid is received even for one 
    • Enable counterbid. 
    • Allow switching to another offering if price becomes too high – Many offerings are near-substitutes
  • System generates the asking price. Bidders accept or do not accept this price.(If accepting the price, bidders mention quantity.) Each bidder bids only once in one round 
    • As the system displays the asking price for each round, a mechanism is required for generating this price. 
    • Algorithms are decided beforehand. Next price depends on the algorithm and the demand-supply mismatch. 
    • No increase if demand< supply 
    • No signalling through bid value 
    • No large bid to ‘kill’ the auction 
    • Bidding proceeds in a controlled manner
  • Each round is followed by a ‘round result’.
  • Bidders do not need to inform before auction where they are interested 
    • Bidders can bid anywhere subject to constraints 
    • EMD constraint is evaluated in real time 
    • Since the database is encrypted, no one knows what any bidder is bidding. 
    • Absolute confidentiality
image_pdfMake PDF
Source: TRAI
Tags: Prelims

Related Posts

“National Highway Excellence Awards” 2021

“National Highway Excellence Awards” 2021

June 28, 2022
Global Liveability Index, 2022

Global Liveability Index, 2022

June 27, 2022
Odisha’s Mo Bus

Odisha’s Mo Bus

June 25, 2022
Payments Vision 2025

Payments Vision 2025

June 24, 2022
Twin deficit problem

Twin deficit problem

June 24, 2022
War on Drugs

War on Drugs

June 24, 2022
World Gold Council (WGC) report

World Gold Council (WGC) report

June 23, 2022
Multi-modal logistics parks (MMLPs) scheme

Multi-modal logistics parks (MMLPs) scheme

June 23, 2022
Global Trends Report, 2022

Global Trends Report, 2022

June 23, 2022
National Initiative for Promotion of Upskilling of Nirman workers (NIPUN)

National Initiative for Promotion of Upskilling of Nirman workers (NIPUN)

June 21, 2022
Please login to join discussion

Our Offline Classroom Student

PRELIMS 2021 POLITY QUESTIONS ANALYSED

https://youtu.be/5q8hBcRGhAs

PRELIMS 2021 HISTORY QUESTIONS ANALYSED

https://youtu.be/v0SIZ7SUybg

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

June 2022
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
27282930 
« May    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR BBC Business Standard CNN Deccan Herald DownToEarth Down to Earth DTE Economic Times ET GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express India today Indiatoday Kurukshetra LiveMint Mains News Newspaper News Paper PIB PIB & The Hindu pre Prelims PRS India RSTV Science Reporter Survey The Hindu The Hindustan Times The India Express The Indian Express The New Indian Express Times of India TOI TOPPERS UNDP website Wikipedia Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR BBC Business Standard CNN Deccan Herald DownToEarth Down to Earth DTE Economic Times ET GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express India today Indiatoday Kurukshetra LiveMint Mains News Newspaper News Paper PIB PIB & The Hindu pre Prelims PRS India RSTV Science Reporter Survey The Hindu The Hindustan Times The India Express The Indian Express The New Indian Express Times of India TOI TOPPERS UNDP website Wikipedia Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In