Govt plans relief for debt-laden BSNL, MTNL through revival package

Union government's financial support to the public sector undertakings in the telecom space -- Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd -- has risen in the current financial year as it prepares a revival package to de-stress these debt-laden entities.

While overall budgetary allocation for telecom PSUs has gone down by 15%, the one in BSNL and MTNL has gone up for the current fiscal (2019-20).

The total investment in the six telecom PSUs for the current year is Rs 14,025.90 crore as against an allocation of Rs 16,468.39 crore in the revised estimates, last financial year (2018-19).