Cabinet Approves A Revival Package Of Rs 1.64 Lakh Crore For BSNL
The government approved the merger of ailing telecom company BSNL (Bharat Sanchar Nigam Limited) with BBNL (Bharat Broadband Network Ltd) on Wednesday. As per telecom minister Ashwini Vaishnaw, the Union Cabinet sanctioned Rs 1.64 Lakh Crore as a revival package for BSNL. The package includes Rs 43, 964 Crore as a cash component and 1.2…
Aman Goyal
BSNL-MTNL Merger Proposal Postponed Due To Financial Reasons
On Wednesday, the Ministry of State for Communication informed the parliament that the government of India has postponed the merger of state-owned telecom companies BSNL and MTNL because of financial reasons. Devusinh Chauhan, honourable Minister of State for Communications, has given a written reply in the upper house (Rajya Sabha) stating that the merger proposal…