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The federal government will infuse Rs 44,720 crore into loss-making state-owned telecom agency BSNL within the subsequent monetary 12 months, based on Price range paperwork.
“The supply is made for capital infusion for 4G spectrum, expertise up-gradation, and restructuring in BSNL,” the explanatory be aware within the doc stated.
Apart from the capital infusion, the federal government will present further monetary help of Rs. 7,443.57 crore to the telecom agency for a voluntary retirement scheme and Rs. 3,550 crore as grant-in-aid for cost of GST.
The monetary help for the voluntary retirement scheme (VRS) contains the implementation of the scheme at each BSNL and MTNL. The help for items and providers tax (GST) shall be supplied to BSNL for the cost of GST on the allocation of 4G spectrum, based on the paperwork.
The extra monetary help for the general public sector companies is along with the Rs. 69,000-crore aid package deal the federal government supplied them in October 2019.
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