PMO raises questions on BSNL-MTNL revival plan approved by Amit Shah, how will it be brought back into profit: The Prime Minister’s Office has sought a clarification from the high-level committee contemplating the revival of BSNL and MTNL whether these two state-run telecom companies can be revived and if so, how? The directive comes after the Ministry of Finance raised objections to the proposal submitted by the Telecom Department for the revival of these two government companies. The proposal of the Telecom Department was approved by the Group of Ministers headed by Home Minister Amit Shah.
Principal Secretary P.K.
Official sources said that Principal Secretary P.K. In the meeting held last week of a high-level committee of the PMO headed by Mishra, the question arose whether BSNL and MTNL could be revived. If it can be done then how? The committee has constituted a high level committee of secretaries to consider these questions.
The committee consists of Telecom Secretary Anshu Prakash, Department of Public Enterprises, NITI Aayog and senior officials of the Department of Investment and Public Asset Management. This committee can submit its reply to the PMO within this week.
The proposed package for the revival of these two companies was approved by the Group of Ministers headed by Home Minister Amit Shah. The group also included Finance Minister Nirmala Sitharaman and Telecom Minister Ravi Shankar Prasad. But later Finance Ministry officials have raised more than 80 objections to the proposal.
Plan of Rs 74,000 crore for the reclamation of BSNL
The Telecom Department has proposed a plan of Rs 74,000 crore for the reclamation of BSNL, because the government will have to spend Rs 95,000 crore to close it. For the voluntary retirement scheme of 29,000 crore employees, Rs 20,000 crore is estimated to be spent on 4G spectrum and Rs 13,000 crore for capacity augmentation for 4G services. As per the plan estimates, BSNL could come in profit by FY 2023-24 with revival package.