Categories: National

Union Cabinet adopts a $1.6 billion BSNL revitalization plan

Shri Ashwini Vaishnaw, the Union Minister of Railways, Communications, Electronics and Information Technology, said that the Union Cabinet approved the Rs. 1.64 lakh crore revival package for Bharat Sanchar Nigam Limited (BSNL). Package announced by the government in 2019 has contributed to stabilising BSNL’s financial situation. The loss of clients has come to an end.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

KEY POINTS:

  • Revenue that was declining has stabilised at Rs 19,000 crore thanks to a resuscitation package that the union cabinet authorised.
  • The proposed package includes three components:
  1. Better services,
  2. A de-stressed balance sheet,
  3. Fibre network development.
  • The cabinet has accepted a proposal to convert Rs 33,000 crore in statutory dues into equity as part of the de-stressing of the balance sheet, and an equal amount of bank loans will be repaid through the issuance of low-interest bonds.
  • A plan to combine BSNL and Bharat Broadband Network Limited (BBNL) was also approved by the federal cabinet.
  • Through this merger, BSNL would have access to 5.67 lakh kilometres of extra optical fibre that have been installed throughout 1.85 lakh village panchayats nationwide with the help of the country’s Universal Service Obligation Fund (USOF).
  • BSNL now operates an optical fibre cable network that spans more than 6.83 lakh kilometres.

Important Takeaways For All Competitive Exams:

  • Union Minister of Railways, Communications, Electronics and Information Technology: Shri Ashwini Vaishnaw

Find More National News Here


Mahesh Kumar

Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.

Recent Posts

India’s GM Pranesh M Wins Kanizsa Open 2026 Title in Hungary

Grandmaster Pranesh M, the young chess talent from India, has claimed victory in the Kanizsa…

15 minutes ago

Andhra Pradesh Approves ₹31,387-Crore Green AI Data Centre

Andhra Pradesh State government gives its approval for establishing green artificial intelligence data centre in…

50 minutes ago

Makkah Joint Defence Agreement: How This Pact Could Reshape West Asian Security and Impact India

Saudi Arabia, Türkiye and Pakistan signed the Makkah Joint Defence Agreement (MJDA) at Al-Safa Palace…

1 hour ago

Mitchell Starc Becomes Leading Wicket-Taker in WTC History

Mitchell Starc, left arm fast bowler of Australia, has managed to enter the record books…

2 hours ago

India Produces First 100% Indigenous AK-203 ‘Sher’ Rifle

India has reached a landmark in indigenous production of defence equipment with the successful manufacture…

2 hours ago

Asian Games 2026: India Names 12-Member Kabaddi Squad

India has announced its 12-member men’s kabaddi team for Asian Games 2026 as the young…

2 hours ago