Correct Answer : ₹ 1.64 Lakh Crore
In a bid to revive the ailing telecom firm BSNL, the government on Wednesday(27th July 2022) approved its merger with Bharat Broadband Network Ltd (BBNL).
The Union Cabinet approved a revival package of Rs 1.64 lakh crore, telecom minister Ashwini Vaishnaw said. The package has a cash component of Rs 43,964 crore and a non-cash component of Rs 1.2 lakh crore spread over 4 years.
Briefing reporters on the decision taken by the Union Cabinet, he said the government will make administrative allocation of spectrum BSNL needs to offer 4G services. The allocation of spectrum in 900/1800 MHz band at the cost of Rs 44,993 crore would be through equity infusion.
The package has three elements -- to improve services, de-stress balance sheet and expansion of fibre network.
To de-stress the balance sheet, Rs 33,404 crore statutory dues will be converted into equity, Vaishnaw said..
Source : Times of India
