Budget allocates Rs 1.28 trn for telecom ministry; BSNL to get Rs 82,916 cr

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Budget allocates Rs 1.28 trn for telecom ministry; BSNL to get Rs 82,916 cr - Business Standard

Quick Summary:

The government has proposed the allocation of Rs 1.28 lakh crore for telecom projects and public sector firms under the telecom ministry with a majority of funds earmarked for state-owned BSNL.

Of the total proposed allocation, over Rs 1 lakh crore is meant for BSNL and MTNL-related expenses, including Rs 82,916 crore infusion in BSNL for technology upgradation and restructuring at BSNL.

"The total net allocation for this demand in BE (Budget Estimate) 2024-25 is Rs 1,28,915.43 crore (Rs 1,11,915.43 crore plus Rs 17,000 crore).