Ministry Of IT & Communication

Cabinet Approves A Revival Package Of Rs 1.64 Lakh Crore For BSNL

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…