BSNL to Get Rs. 44 5q1l62 720 Crore From the Government in 2022-23

The government will also provide additional financial of Rs 7,443.57 crore to BSNL for a voluntary retirement scheme. 6b611

By Press Trust of India | Updated: 1 February 2022 17:03 IST

BSNL to Get Rs. 44,720 Crore From the Government in 2022-23

Financial for voluntary retirement scheme includes implementation of scheme at both BSNL, MTNL 152a

Highlights

Government will provide financial of Rs. 7,443.57 crore
The for goods and services tax (GST) will be provided to BSNL
This is for the payment of GST on the allocation of 4G spectrum

ment

The government will infuse Rs 44,720 crore into loss-making state-owned telecom firm BSNL in the next financial year, according to Budget documents.

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

Besides the capital infusion, the government will provide additional financial of Rs. 7,443.57 crore to the telecom firm for a voluntary retirement scheme and Rs. 3,550 crore as grant-in-aid for payment of GST.

BSNL Offering 5GB of Free Data to s Coming From an Existing Network

The financial for the voluntary retirement scheme (VRS) includes the implementation of the scheme at both BSNL and MTNL. The for goods and services tax (GST) will be provided to BSNL for the payment of GST on the allocation of 4G spectrum, according to the documents.

BSNL Offering 5GB of Free Data to s Coming From an Existing Network

The additional financial for the public sector firms is in addition to the Rs. 69,000-crore relief package the government provided them in October 2019.

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