It is informed that the Cabinet has decided to waive the “Notional Loan” of Rs. 7,500 crore as shown loan to the BSNL at the time of formation of BSNL. This is as per the recommendation of the EGoM on Revival of BSNL and MTNL. The Forum has demanded to the EGoM to waive not only the “Notional Loan” of Rs.7,500 crore, but also to refund the interest of about Rs.12,000 crore already paid by BSNL. But this has not been agreed to by the government. The Forum has to pursue this matter.
On the basis of the recommendations of the TRAI and on its own consideration, the Telecom Commission has recommended three methods of charging spectrum, which the Empowered Group of Ministers (EGoM) are expected to consider and take decision in its meeting to be held on 27th January. The private telecom companies have been pressurising the government to reduce the charges to the lowest %. No doubt, the government will be favourable to them, as in the past.
The recommendation of the TRAI to allow the private companies to trade and sell the spectrum will be considered by Empowered Group of Ministers(EGoM) on Telecom headed by Finance minister P.Chidambaram. This has been the demand of the private telecom companies, which was accepted by the TRAI and forwarded to DoT. TRAI Chairman Rahul Kullar had met the telecom corporates on this issue and accepted their demand. This recommendation will now be considered by the EGoM, which is meeting on 27th January.
It is significant that the issue is being finalised on the eve of the spectrum action. If it is allowed there will be a lot of adjustments and formation of cartels to take undue benefit out of the decision.
It should be remembered that even when there was no provision for spectrum sharing,the private companies have indulged in the same. But no serious action wa taken against the culprits. On the contrary, the private companies are going to be allowed the spectrum trading.
All these have serious consequences for the PSUs BSNL and MTNL.
At last decision is taken by the Empowered Group of Ministers (EGoM) headed by Finance Minister P.Chidambaram, on the auction price for the spectrum. The Telecom Commission decision, increasing from the TRAI recommendation has been approved by the EGoM. It was alleged that the TRAI was unduly supporting the telecom companies by reducing the spectrum charges, far below than justified.