BSNL TO GET `44,720 CR FROM GOVT

The government will infuse Rs 44,720 crore into lossmaking telecom firm BSNL in the next financial year, shows Budget documents. "The provision is made for capital infusion for 4G spectrum, technology up-gradation and restructuring in BSNL," the explanatory note in the document said. Besides the capital infusion, the government will provide additional support of Rs 7,443.57 crore to BSNL for VRS and Rs 3,550 crore as grant-in-aid for payment of GST. The VRS support includes the implementation of the scheme at both BSNL and MTNL.