Govt considering capital infusion in BSNL - News Summed Up

Govt considering capital infusion in BSNL


NEW DELHI: The government is taking steps to make public sector BSNL more competitive and these include upgradation of technology and capital infusion, Rajya Sabha was informed on Thursday. Communications Minister Ravi Shankar Prasad said the government has inherited legacy issues and steps are being taken to make BSNL more competitive. Minister of State for Communications Sanjay Shamrao Bhotre said the government is considering capital infusion, including equity infusion in the public sector telecom companyHe said the government is also working out introduction of 4G services in the country, after members expressed concern over lack of technology upgradation by the BSNL. These include capital infusion and equity infusion and you will see its results soon," the minister said. Meanwhile, in his written reply, the minister said, "Bharat Sanchar Nigam Limited (BSNL) has informed that no proposal to lay off over 54,000 employees has been approved by BSNL."


Source: Mint July 18, 2019 11:37 UTC



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