BSNL to upgrade its network to 4G, 5G and revamp landlines, Government allocates Rs 53,000 Cr
By MYBRANDBOOK
Union Minister for IT and Telecom Ashwini Vaishaw said state-owned BSNL will use around Rs 53,000 crore to upgrade its network to 4G and 5G this year and will also revamp its landline network across the country.
The government will invest Rs 52,937 crore in BSNL during the next fiscal year starting April 1, 2023.
The minister, while talking on Budget 2023-24, said that this investment is part of Rs 1.64 lakh crore revival package announced last year and most of the balance sheet items of BSNL have already been addressed.
"BSNL has raised new debt using the sovereign guarantees which were announced in the package. Now, the physical installation of new towers, upgradation from 2G, 3G to 4G and 5G and a major revamp in the landline systems of the MTNL and BSNL network will be taken up in this year using the capital allocation of Rs 53,000 crore which has been made for BSNL," Vaishnaw said.
The government has allotted Rs 1.23 lakh crore for postal and telecom projects. Total allocation includes Rs 97,579.05 crore for the Department of Telecom and Rs 25,814 crore for Postal projects.
The government has allocated Rs 2,158 crore for Optical Fibre Cable based network for Defence Services and Rs 715.8 crore for telecom projects in the North Eastern states.
Nirmala Sitharaman, Finance Minister, announced the setting up of 100 labs for developing applications using 5G services in engineering institutions.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : Girish Mathrubootham
Girish Mathrubootham is the Founder of Freshworks (previously known ...
Icons Of India : Harsh Jain
Harsh Jain, the co-founder of Dream 11, the largest fantasy sports web...
Icons Of India : AALOK KUMAR
Aalok Kumar is celebrated as a global leader and recipient of the Peop...
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...
Indian Tech Talent Excelling The Tech World - Dheeraj Pandey, CEO, DevRev
Dheeraj Pandey, Co-founder and CEO at DevRev , has a remarkable journe...