The Cabinet has given its nod to hiving off BSNL towers into a new company which will help BSNL to realign its structure in the highly competitive telecom sector.
This will also help the public sector company to unlock its tower assets and improve its financial position. For working out the capital structure and organizational structure of the new company, the telecom department will constitute an inter-ministerial group.
The Cabinet also cleared a financial assistance of rupees 627 crore to BSNL and MTNL for surrendering 800 MHz telecom spectrum in some circles.
The Cabinet gave its nod for providing one rank one pension facility for retired High Court judges.
The Cabinet also approved a proposal to sign an agreement with UNESCO for establishment of a Centre for World Natural Heritage Management and Training for Asia-Pacific region at the Wildlife Institute of India in Dehradun as a category-2 centre of the UN body.
