Good news. Enjoy the Modi Raj. Acche din aa gaye. After railways, now f*cking with BSNL.
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BSNL is running in losses? LOL! Thats a shameless lie which all political parties promote. Same logic(a lie) was used in increasing railway fares. The plan is to sell out 50% shares of both BSNL and Railways eventually over next 15 years.
The truth is this -
1. BSNL is fully capable of providing UNLIMITED download to whole India, at 2 MBPS rate, without any losses. They will make profit even with rate of 500 Rupees/month.
2. The actual plan of indian leaders is to destroy PSU companies first by not letting them use their massive infrastructure(built with public money) and offering services like companies in Europe/US do(they make profits even with lower rates)
3. All PSU(public sector companies) in India have massive assets(but locked down by politicians). If BSNL is taken away from Telecom Ministry and is made free like ISRO(only Prime minister can issue orders and noone else in government), this company will beat even AT&T/Verizon in terms of profits and market value in just 10 years.
Guess who says this? An executive in Airtel told me all this.
Personally, i m against privatization because private firms have already started looting indians even when Government allowed them to own Internet-Gateway-servers in India(in other words - Airtel/Vodafone/TATA don't have to pay anyone else for using internet because they have setup their own gateways in Bharat. Before they used to pay BSNL because private firms were not allowed to connect to international cables/sea-cable-lines using their own servers, they had to go through BSNL)
When private firms were given permission to setup their own Internet gateways, the excuse given was - "This will make internet cheaper than BSNL". Well, effect was reverse - Private firms kept big profit in their pockets and transferred no benefits to us Indians.
After this policy BSNL remained low-cost, good value for money Internet provider for last 10 years. Now, government is taking away this benefit too by forcing BSNL to raise rates. It makes sense now - its necessary to defame BSNL so to legitimize selloff of its massive assets through share-market.