According to the statement of the Communications Minister Manoj Sinha, about 7400 MHz spectrum are available with the government mainly in the 700 MHz, which no private company has bought through auction. The 700 MHz is suitable for upgradation to 4G etc. and is quite necessary for BSNL.
In this situation, the Government should allot this 700 MHz spectrum to BSNL free or through interest free loan. BSNL is a 100% government owned company an the assets are its own. Hence allotting spectrum free is possible and is a must.