Union Cabinet Approves Rs 1.64 Lakh To BSNL's Revival

Union Cabinet has approved Rs 1.64 lakh crore package for a state-owned telecom company, Bharat Sanchar Nigam Limited (BSNL) revival, confirmed Telecom Minister Ashwini Vaishnaw. In the Lok Sabha, Vaishnaw said, the revival package has three elements to improve services, de-stress the balance sheet, and an expansion of fibre network. Furthermore,the government will make administrative allocations to offer 4G services and convert Rs 33,000 crore statutory dues into equity.