BSNL Revival to Reportedly Take Time, DoT to Assist Financially

To be able to avert any crisis, the Department of Telecom (DoT) will soon be expanding all of the financial aid into BSNL until June, for example for wages payment,” he added.

The Prime Minister’s Office (PMO) has lately reviewed the fiscally distressed scenario of BSNL and requested the DoT to extend all possible assistance to the public business unit until June.

According to the official, DoT has standby funds prepared for almost any monetary exigencies in BSNL until June due to wages or community maintenance front.

DoT is to have approval to your Rs. 6,535 crore VRS bundle and for the property monetisation exercise.

According to the origin, concrete actions on BSNL’s revival might need to wait for the creation of a new government in the Centre and until the new business management takes over.

The DoT has known the 4G spectrum difficulty to telecom operator TRAI, also is now preparing a draft cabinet note on VRS, ” the source stated.

“significant decisions are seldom taken through an incoming authorities. Preparing a cupboard note for flow doesn’t indicate that the proposals are through examination,” he explained.

“Distinct ministries will offer their views..after all, the government must bear the expense of the bonds which are going to be floted for your VRS,” the source added.

The chairman of state-run MTNL PK Purwar will assume control of BSNL in July this year following the present incumbent retires.

Monetising BSNL property is also a time-consuming process before real land sale happens, the official stated.

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