THE UNION CABINET ON 9TH JANUARY HAS DECIDED TO REFUND BSNL AND MTNL,RS.6724.51 CRORE AND 4533.97 CRORE RESPECTIVELY TOWARDS REFUND FOR THE ADDITIONAL BWA SPECTRUM SURRUNDERED.
THE FORUM OF BSNL UNIONS/ASSOCIATIONS HAD BEEN DEMANDING THE CENTRAL GOVERNMENT FOR EARLY REFUND OF THE SAME,PARTICULARLY IN THE WAKE OF DIFFICULT FINANCIAL POSITIONS OF BOTH THE PSUs.
BUT THE CENTRAL GOVERNMENT IN A PRESS NOTE HAS CLAIMED THAT THE REFUND IS TO SUPPORT BSNL AND MTNL FOR THE REVIVAL AND
REVITALISATION OF THESE PSUsIN THE COMPETETIVE TELECOM SECTOR.
HOWEVER THE DECISION IS SIGNIFICANT AND A WELCOME MEASURE FOR THE CRISIS RIDDEN BSNL AND MTNL