Question : FINANCIAL PERFORMANCE OF BSNL



(a) whether the public sector telecom company, Bharat Sanchar Nigam Limited (BSNL) had a huge cash reserve as on 31 March, 2009;

(b) if so, the details thereof;

(c) whether the Government has formulated any scheme for utilisation of the said fund;

(d) if so, the details thereof; and

(e) if not, the reasons therefor?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY (SHRI GURUDAS KAMAT)

(a) & (b) Bharat Sanchar Nigam Limited (BSNL) had a Cash and Bank Balance of Rs. 38314.30 crores as on 31 March, 2009. The details are as under:-

Particulars	Amount	(Rs. in Crores)

Cash and Cheques in hand 24.15
Balance with Scheduled Banks
-Current Account 2772.45
-Deposit Account 35337.70
Total 38134.30

(c) & (d) The above fund is being used by BSNL for capital expenditure and operational expenditure requirements, set-off against current liabilities etc as per the Department of Public Enterprises (DPE) guidelines. In accordance with the DPE guidelines, Bharat Sanchar Nigam Limited (BSNL) has formulated a policy for investment of surplus funds.

(e) Does not arise in view of (c) & (d) above.