# Business

Cabinet gives nod to hive off BSNL’s tower assets into separate company

The Cabinet on Tuesday gave its approval for hiving off mobile tower assets of Bharat Sanchar Nigam Limited (BSNL) into…

IANS | New Delhi | September 12, 2017 6:30 pm

Cabinet gives nod to hive off BSNL’s tower assets into separate company

The Cabinet on Tuesday gave its approval for hiving off mobile tower assets of Bharat Sanchar Nigam Limited (BSNL) into a separate company, fully owned by BSNL.

“This approval authorises BSNL to monetise its telecom tower infrastructure with the formation of a separate subsidiary company,” an official statement said here.

“An independent, dedicated tower company of BSNL with a focused approach will lead to increasing of external tenancies and consequentially higher revenue for the new company,” the statement added.

There are around 4,42,000 mobile towers in the country out of which more than 66,000 mobile towers are of BSNL.

# Business

Vodafone Idea reduces loss to Rs 7,176 crore in July-Sept quarter

Vodafone Idea has reduced its losses to Rs 7,176 crore in the July-September quarter of the current financial year from Rs 8,738 crore in the same quarter last year.

# India

Cabinet approves PM Vidyalaxmi scheme for students to get collateral free, guarantor free loan for higher education

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved PM Vidyalaxmi, a new Central Sector scheme that seeks to provide financial support to meritorious students so that financial constraints do not prevent anyone from pursuing higher studies.

# Opinion

Not quite unhinged, but are we getting there?

Have you ever found yourself struggling to find a decent cabinet hinge? Or heard about a recent spate of cabinet hinge related disasters, turning it into a pressing problem for the public? Well, even if you haven’t, the government is stepping in to help.