By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Search
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: No revenue loss to BSNL, government over lapses flagged by CAG: MoS Pemmasani Chandra Sekhar in Lok Sabha – World News Network
Share
Sign In
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
    • Home 1
  • Categories
  • Legal Talk
  • Bookmarks
  • More Foxiz
    • Sitemap
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > No revenue loss to BSNL, government over lapses flagged by CAG: MoS Pemmasani Chandra Sekhar in Lok Sabha – World News Network
Business

No revenue loss to BSNL, government over lapses flagged by CAG: MoS Pemmasani Chandra Sekhar in Lok Sabha – World News Network

worldnewsnetwork
Last updated: July 23, 2025 12:00 am
worldnewsnetwork
Share
SHARE

New Delhi [India], July 23 (ANI): There was no revenue loss to BSNL and the government, and the recent estimates quoted in a CAG report were based on misinterpretation of some clauses, Minister for State for Communications Dr Pemmasani Chandra Sekhar informed Lok Sabha on Wednesday in a written reply.
The Comptroller and Auditor General of India (CAG) in its report No. 01 of 2025 for the year ending March, 2023 pointed out some lapses in contractual compliance, planning, and billing including the total cumulative financial loss of Rs 1,944.92 crore by Bharat Sanchar Nigam Limited (BSNL).
Asked by Congress MP Praniti Sushilkumar Shinde whether BSNL failed to enforce the Master Service Agreement with Reliance Jio Infocomm Ltd. (RJIL), resulting in a so-called loss of Rs 1,757.76 crore, the Minister, without getting into specifics, responded that BSNL has Master Service Agreements (MSAs) with M/s RJIL, for leasing of BSNL’s tower infrastructure to install their equipment.
“There is no revenue loss to BSNL and Government. The estimate of CAG was based on the misinterpretation of the clause of add-on technology, which has now been rectified in a transparent and equitable manner. BSNL has since raised the revised invoices from RJIL,” the minister’s written reply in Lok Sabha read.
In another query, the minister was asked whether BSNL deviated from its own Procurement Manual in procuring oversized PIJF underground cables worth Rs 80.64 crore, which remain unutilized.
To which, the minister said the procurement of higher size PIJF underground cables was as per then extant norms.
“However, due to changed competitive scenario in telecom sector, the procured cable could not be fully utilized. The surplus cable has been monetized by BSNL to the tune of Rs 70.32 crore and the remaining cable has a sale value of approximately Rs 23 Crore,” the Lower House was apprised.
To recover losses and prevent recurrence of such lapses in the functioning of BSNL and other PSUs, actions such as resolving the ambiguity in agreement clauses, monetisation of surplus inventory, issuance of revised demands and recovery have been taken, the minister supplemented.
Further, PSUs have been advised to timely process bills and be extra cautious while taking policy/business decision. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

India’s sports market to grow at 10-12 pc CAGR by 2030, exports to surge to USD 660 million in FY26: Report – World News Network

India’s IT sector to see flat revenue growth of 0-2% in FY26: CareEdge Ratings – World News Network

Indian stock market sentiment improves as more stocks move closer to 52-week highs: Report – World News Network

Altizon launches Production Intelligence Centre powered by Datonis for Process Industries – World News Network

Gau Rashtra Yatra Team Meets Governor Acharya Devvrat – World News Network

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Technology won’t replace workforce, assures Labour Minister Mandaviya – World News Network
Next Article ‘Jeena Isi Ka Naam Hai’ to ‘Rendezvous with Simi Garewal’: A look back before ‘Too Much with Kajol and Twinkle’ Premieres – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

248.1kLike
69.1kFollow
134kPin
54.3kFollow
banner banner
Create an Amazing Newspaper
Discover thousands of options, easy to customize layouts, one-click to import demo and much more.
Learn More

Latest News

Maharashtra: Rohit Pawar alleges MLA’s kin involved in Daund firing; demands unbiased police action – World News Network
National
‘If Modi ji writes to me…’: Telangana CM Revanth Reddy backs Dattatraya for Vice President – World News Network
National
“Swayamsevaks are watchguards of India’s national soul”: RSS leader Hosabale recalls book by Father Anthony published in early fifties – World News Network
National
‘Fire in my belly to do the next’: Randeep Hooda on his upcoming projects – World News Network
Entertainment

You Might also Like

Uneven rainfall distribution may cause supply shock in crop prices: ICICI Bank Report – World News Network

worldnewsnetwork worldnewsnetwork 3 Min Read

Top 10 Tending Books to Read in 2025 – World News Network

worldnewsnetwork worldnewsnetwork 9 Min Read

Indian stock market sentiment improves as more stocks move closer to 52-week highs: Report – World News Network

worldnewsnetwork worldnewsnetwork 3 Min Read
Latest World News UpdateLatest World News Update
Follow US
Copyright © 2024 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?