Latest NewsNews SnippetsTelecom, Internet

Government to Infuse Rs 44,720 Cr into BSNL in FY23

As per the Budget Document for FY 2022-23, Government of India has decided to infuse ₹ 44,720 crores into state-owned telecom company Bharat Sanchar Nigam Limited (BSNL) in the next fiscal year.

The provision is made for capital infusion for 4G spectrum, technology up-gradation and restructuring in BSNL” explanatory note in the Budget document stated.

Apart from the above mentioned capital infusion the Government will also provide additional financial support of ₹ 7,443.57 crore to BSNL for voluntary retirement scheme (VRS) of its employees and ₹ 3,550 crore as grant-in-aid for remainder GST payments of the company.