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3 telecom PSUs cause Rs 247.26 cr loss to Govt

3 telecom PSUs cause Rs 247.26 cr loss to Govt
PTI
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First Published: Wed, Mar 14 2007. 07 25 PM IST
Updated: Wed, Mar 14 2007. 07 25 PM IST
Three telecom PSUs — BSNL, MTNL and ITI — have cumulatively caused a loss of Rs 247.26 crore to the exchequer due to irregularities, short recovery, extra expenditures in 2005-06, according to the report of a Government audit committee.
Releasing the Comptroller and Auditor General of India’s report to the media after it was tabled in the Parliament, Deputy CAG C V Avadhani said the audit report points out to a quantifiable financial implications totalling to Rs 247.26 crore, which is composed of Rs 212.96 crore for BSNL, Rs 27.46 crore for MTNL and Rs 6.84 crore in the case of ITI Ltd.
He said the mandate of the CAG is to bring out the facts relating to irregularities but not to take any follow-up action, which is left to the individual PSUs and the respective departments.
The exchequer faced a loss of Rs 111.57 crore due to loss,non-recovery orshort billing by BSNL on its revenue side relating to basic telephony, interconnection usage charges and circuits.
In basic telephony, it faced short charging of rentals at Rs 30.03 crore, while due to violation of the interconnect agreement by Reliance Infocomm due to unauthorised routing of calls in the Eastern region of Patna in May 2003, it had to bear a loss of Rs 38.61 crore.
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First Published: Wed, Mar 14 2007. 07 25 PM IST