Budget 2022: Government To Infuse Rs 44,720 Crore In BSNL In 2022-23

The government will put in Rs 44,720 crore into loss-making state-owned telecom company BSNL in the next financial year

The government will put in Rs 44,720 crore into loss-making state-owned telecom company Bharat Sanchar Nigam Limited (BSNL) in the next financial year, according to the union budget.

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

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