BSNL and MTNL should be closed down - says Finance Ministry, as reported by the Financial Express.

As per the report published by the Financial Express yesterday the 08.09.2019, the Finance Ministry has not only rejected the DoT’s proposal for the revival of BSNL & MTNL, but has also suggested to close down both the PSU’s. As per the report, the Finance Ministry is of the view that the expenditure for closing down BSNL & MTNL would not be as high as Rs.95,000 crore, as argued by the DoT. It is also reported that the Finance Ministry has given direction to work out afresh, the expenditure for the closing down BSNL & MTNL.