Government to infuse Rs 447.20 billion into BSNL in FY23

According to budget documents, the government will infuse Rs 447.2 billion into state-owned telecom firm Bharat Sanchar Nigam Limi­ted (BSNL) in the next financial year. To this end, a provision has been made for capital infusion for 4G spectrum, technology upgradation and re­str­uc­turing of BSNL. Besides, the government will provide additional financial support of Rs 74.43 billion to the telecom firm for a voluntary retirement scheme and Rs 35.5 billion as grant-in-aid for the payment of the goods and services tax.

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