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Telecom Ministry has been allocated more than Rs 73 thousand crore from the budget.

Even though Reliance Jio, the largest company in the telecom industry, is bringing its IPO in June. Which is also being called the biggest IPO in the history of the country. But there is only one strongman in this industry and that is BSNL. The number of assets owned by this government company. No one has that many. The Telecom Ministry has also been trying to revive this company for the last few years.

This is the reason why this time in the budget the government has opened its coffers for the Telecom Ministry and BSNL. In comparison to last year, this time there has been a huge increase in the budget allocation for the ministry. This increase is seen to be around 38 percent. Due to which there is panic among the other giants of the telecom industry. Let us also tell you how much money the government has given to the Telecom Ministry in the budget.

Government opened treasury for BSLL

The government has announced some more money in the budget for the Telecom Ministry. According to the budget documents, the budget of the Telecom Ministry has been increased by 38 percent and the figure has reached Rs 73,990 crore. Under this, there will be a significant increase in capital investment for the government telecom company BSNL. Telecom Minister Jyotiraditya Scindia said that the increased allocation is for various projects. This includes the capital requirements of BSNL including the cost of BharatNet, spectrum, expansion of the network and meeting internal needs.

The minister said that we have seen a very good increase in the allocation on telecom compared to last year's revised estimate of Rs 53,000 crore. Now we have reached Rs 73,000 crore, which is an increase of about 40 percent. When asked about increasing the allocation for the Telecom Ministry and BSNL in particular, Scindia said that the government is continuously trying to strengthen BSNL.

Revenue has increased

The minister said that I told you that our average revenue per user (ARPU) has increased by nine percent from Rs 90 to about Rs 99. We would like to touch three figures soon. We have grown revenues across all our verticals and now we need this capital expenditure along with our internal cash flow to take BSNL on the path to revival. He said that the proposed budget also includes funds for the rural broadband project BharatNet. He said there has also been a jump in the allocation for the development of the North-Eastern region, which has increased from the revised estimate of Rs 4,495 crore to Rs 6,800 crore, an increase of almost 50 per cent.