A Parliamentary panel set up to examine the accounts of the government and state-owned companies, is to scrutinise BSNL’s financial performance. The panel is expected to make recommendations to amend the situation as well.
The Parliamentary Accounts Committee (PAC) has written to the Department of Telecommunications (DoT) requesting it to frame strategies to improve the incumbent’s financial health and to specify action taken on BSNL’s demand of compensation for its loss-making landline operations.
In so far, the PAC has said that the ‘single most important reason’ behind BSNL’s decline was failure of its 45 million GSM lines tender, which was cut to 14 million by Communications and IT minister, A. Raja. PAC pointed out that the non-supply of equipment eventually resulted in the state-owned operator losing market share. The panel has also questioned DoT’s role or intervention in the cancellation of the tender.
