GOING BY ACTUAL earnings, the government will be able to collect around 26% less from the telecom sector than the Budget target of ₹52,806 crore in the current fiscal because of its decision not to charge a fixed upfront payment from the operators for spectrum bought in the recently concluded 5G auctions.
However, by allocating 4G spectrum to state-owned BSNL, the department of telecommunications will show an additional receipt of ₹30,000 crore in its books thereby exceeding the budgetary target by 29% by showing a total collection of around ₹68,000 crore.
In actual, the loss-making BSNL will not pay anything to the government for spectrum, which is worth ₹30,000 crore as per the price determined in the auctions held in July, 2022. The company will instead offer equity to the government in lieu of it. But since it will pay the GST on the ₹30,000-crore amount, the DoT will show the entire amount as earnings from spectrum allocation in its books.
This story is from the January 16, 2023 edition of Financial Express Mumbai.
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This story is from the January 16, 2023 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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