Since Kapil Sibal has taken over charge as the Communications Minister, much of his time is being spent for bailing out and saving the private telecom companies out of the several problems risen in connection with the 2G scam. Immediately after taking over, he stated that there is ‘zero loss’ in the 2G spectrum allotment, while all the evidences including the report of the CAG has pointed out at a loss of Rs.1.76 lakh crore to the exchecquer.
The latest is his effort to ensure sufficient loans to the private companies from the banks. After the scam and the enquiries being conducted by the CBI, ED, PAC etc., the banks have taken a strong position on giving loans to these tainted telecom companies. Now the Communications Minister has met Prime Minister to take necessary measures to compel the banks to give loan to these private telcos. He is pressuring the Finance Minister also.
But what about the help to BSNL and MTNL, the government-owned public sector companies? Minister is silent. While he has met the big business and telco bosses several times, he did not have the time to meet and discuss with the staff unions on the important issues of the BSNL and its workers.