BSNL to recover over Rs3,600 cr from subscribers

BSNL to recover over Rs3,600 cr from subscribers
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First Published: Wed, Mar 12 2008. 02 42 PM IST
Updated: Wed, Mar 12 2008. 02 42 PM IST
New Delhi: State-owned telecom giant BSNL has to recover a whopping Rs3,665.51 crore mainly from the private subscribers, an amount which equals to approximately half of the company’s profit after tax for 2006-07 that is Rs7,805.87 crore.
This was revealed by an audit report of the Comptroller and Auditor General of India presented in Parliament.
The report pointed out that the major culprits cutting such huge holes in the kitty of BSNL were private subscribers whose outstanding accounted for a huge 95.35% while the Central and state subscribers together accounted for just 4.65% of the total outstanding for 2006-07.
The amount outstanding against private subscribers has been continuously increasing over the past few years and last year alone, the amount outstanding against them was a huge Rs239.69 crore, the report said.
Of the total Rs3,665.51 crore outstanding against various categories of telephone subscribers at the end of June 2007, the share of private subscribers constituted Rs3,495.21 crore.
This accounts for almost half of the profit of Rs 7,805.87 crore earned by the company in the fiscal 2006-07.
The decrease in profit has been due to fall in income from services, the report added.
While the share of the Central government was a minuscule one per cent and that of state government amounted to mere 3.65%.
Private subscribers have not shown interest or attention in paying the dues of the company for past many years, the audit report said.
Their total outstanding in 2002-03 was Rs2,477.24 crore (92.29% of the total outstanding), which eventually rose to Rs3,255.52 crore in 2005-06 (94.87% of the total outstanding).
The inability and inefficiency of BSNL has robbed it off huge amounts running into crores.
Whereas, the amount due to various states and the Centre has decreased considerably over all these years, the report added.
The CAG criticised the telecom giant and has asked it to expedite its endeavours for recovering the huge outstanding amount from the private subscribers.
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First Published: Wed, Mar 12 2008. 02 42 PM IST
More Topics: Bsnl | Arrears | Subscribers | CAG | Profit |