Bharat Sanchar Nigam Limited (BSNL) was once a successful venture, but lately, it has been marred with poor management, lack of even a 4G network, and cut-throat competition from other telecom companies. Yes, while other telecom companies in India and the world are working their way towards a 5G future, BSNL is still to start its 4G service. So, all in all, one could surmise it’s rough times for the PSU. But, things may change now as the government has intervened. A 1.64 lakh crore would be injected into the BSNL revival plan.
Here is what you need to know about this newly approved lifeline for BSNL.
At a Union Cabinet meeting chaired by Prime Minister Shri Narendra Modi, the BSNL revival plan was authorized. Here’s what that primarily entails:
https://twitter.com/AmitShah/status/1552289473035403264?ref_src=twsrc%5Etfw
Other help in terms of raising capital, due settlement, and funding requirements. All this falls in line with the Antyodaya scheme of the government that aims for optimum resource management and utilization.
As for the government, this could benefit in things and ways like:
Now, what’s left to see is how the whole plan actually pans out. We’ll be keeping close tabs.
https://twitter.com/BSNL_KL/status/1552313067211345920?ref_src=twsrc%5Etfw
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