TOTAL GRANT AT OVER ₹3.2 TRN
THE GOVERNMENT ON Wednesday provided a fresh revival package of ₹89,047 crore to the loss-making Bharat Sanchar Nigam (BSNL). This is the third such package for the state-owned telecom service provider - which last posted profit in financial year 2009 - in the last four years. With this, the total amount that the government has injected into the company in the last four years adds up to over ₹3.2 trillion.
The government had provided the first revival package worth ₹69,000 crore for BSNL and MTNL in 2019. The second package worth ₹1.64 trillion was announced in 2022.
Interestingly, these packages do not involve any cash outgo on the part of the government, but are mostly in the form of book transfers by way of equity infusion. For instance, BSNL is allocated 4G/5G spectrum at the market-determined prices but the company does not actually pay. In lieu of the spectrum, the government takes equity in the company.
The latest support also comes in the form of spectrum allotment to provide 4G and 5G services pan India, including Delhi and Mumbai and uncovered areas, offering fixed wireless access services (FWA), as well as private networks solutions.
Denne historien er fra June 08, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 08, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
Samsung eyes ₹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
Language models in consumer tech
This move is designed to ensure better user experience & privacy
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
Vi FPO: Foreign players invest big; about ₹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
