How BSNL’s ‘Reliance Jio mistake’ may have cost the government Rs 1,757 crore
The government reportedly suffered a loss of Rs 1,757.56 crore as Bharat Sanchar Nigam Limited (BSNL) failed to bill Reliance Jio for 10 years since May 2014 as per their agreement on passive infrastructure sharing. According to a report by the Comptroller and Auditor General of India (CAG) released this week, the government incurred this significant financial loss due to the billing failure of the state-owned telecom company BSNL. The CAG report, as reported by the news agency PTI, further claims that BSNL suffered an additional loss of Rs 38.36 crore by not deducting the license fee share from the revenue distributed to Telecom Infrastructure Providers (TIPs).
What the CAG report said on BSNL billing ‘failure’