Just In
- 9 hrs ago Dell Introduces AI-Powered Laptops and Mobile Workstations for Enterprises in India
- 11 hrs ago Meta AI Powered by Llama 3 Takes Aim at ChatGPT and Gemini: All You Need to Know!
- 12 hrs ago OnePlus Ace 3 Pro Leak Hints at New Design; Expected Launch, Specifications We Know So Far
- 12 hrs ago Vivo V30e Launch Date in India set for May 2: Flipkart Availability Confirmed
Don't Miss
- Sports Who Won Yesterday's IPL Match 34? LSG vs CSK, IPL 2024 on April 19: KL Rahul Stellar Batting Show Decimate Chennai Bowling
- Finance Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible?
- Movies Chief Detective 1958 Episode 2 OTT Release Date, Time, Platform: When & Where To Watch? What To Expect? DEETS
- Lifestyle Golden Rules To Follow For Happy Marriage For A Long Lasting Relationship
- News Chinese President Xi Jinping Orders Biggest Military Reorganisation Since 2015
- Education Exam Pressure Does Not Exist; Studying Punctually is Crucial; Says Aditi, the PSEB 2024 Topper
- Automobiles Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More
- Travel Journey From Delhi To Ooty: Top Transport Options And Attractions
Telecom PSUs to invest Rs 16,815 crore in 2016-17
Telecom PSUs such as BSNL have earmarked an investment of Rs 16,815 crore for the next fiscal in a host of projects, including setting up of Wi-Fi hotspots, enhancing network quality and expanding broadband coverage.
BSNL has earmarked capital expenditure of Rs 7,317 crore for 2016-17, while Bharat Broadband Network Limited, which is implementing the national optical fibre network, has investment plans of Rs 9,418.67 crore for the next fiscal.
SEE ALSO: Android N: 8 Highly anticipated Features, Leaked Screenshots, Release Date and more
"We have capex plan for Rs 7,317 crore. This includes setting up of 40,000 wifi hotspots, 10 times enhancement of core network capacity and Rs 2,000 crore of add-on equipment under phase 7 of network expansion," BSNL Chairman and Managing Director Anupam Shrivastava told PTI.
Loss making PSU MTNL will spend Rs 649.03 crore and Centre for Development of Telematics (C-DOT) will invest Rs 100 crore, according to the budget documents.
The budget indicates there will be progress in Rs 773.13 acre surplus land of government left with Videsh Sanchar Nigam Ltd (VSNL), currently Tata Communications, after disinvestment in 2002. Special purpose vehicle Hemisphere Properties India Ltd (HPIL) created to resolve this issue will invest Rs 1 crore in 2016-17.
The government has decided to allocate Rs 18,413 crore to the Department of Telecom in 2016-17 which includes provisions for public sector units as well. In the budget, government has decided to allocate Rs 2,200 crore as a refund for surrendering broadband wireless spectrum (4G) in six circles and CDMA spectrum in the coming fiscal.
MTNL surrendered 5 Mhz of CDMA spectrum that was put up for auction in Delhi and Mumbai and BSNL in around 8-10 telecom service area. The Budget has provisioned for financial support of Rs 428.91 crore for loss making telecom firm MTNL in 2016-17.
SEE ALSO: Google CEO Sundar Pichai announces Google I/O dates: Android N, Self-Driving Cars and More!
The support includes refund for minimum alternate tax (MAT), payment of interest on bonds and surrender of CDMA spectrum by MTNL. In current fiscal government has refunded Rs 492 crore as MAT to MTNL.
Source PTI
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599
-
8,893