Union Budget 2023: Govt allocates Rs 1.23 trn for postal, telecom projects

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Union Budget 2023: Govt allocates Rs 1.23 trn for postal, telecom projects - Business Standard

Quick Summary:

The government on Wednesday allocated Rs 1.23 lakh crore for postal and telecom projects including Rs 52,937 crore capital infusion in state-run BSNL.

Total allocation includes Rs 97,579.05 crore for the Department of Telecom and Rs 25,814 crore for Postal projects, the Budget document presented by Finance Minister Nirmala Sitharaman said on Wednesday.

The government has allocated Rs 2,158 crore for Optical Fibre Cable based network for Defence Services and Rs 715.8 crore for telecom projects in the North Eastern states.