BSNL Cash Reserves Dwindle Under Kapil Sibal’s Regime

In a Written reply to the Parliament, the Government has stated that the Cash reserves of the BSNL have dwindled from Rs 29335 Cr to just Rs 1214 Cr during the regime of Kapil Sibal as the Minister of Communications and IT. The reply stated is as below,

THE MINISTER OF STATE IN THE MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY

(a) Details of cash reserve with Bharat Sanchar Nigam Limited (BSNL) during the last three years is as follows:
Year Cash Reserve of BSNL ( in Rs crore)
2009-10 29355.5
2010-11 1733.35
2011-12 1214.44

You can imagine how good the governance and how much is the corruption in BSNL which directly comes under the purview of Kapil Sibal as the Minister. Don’t forget the $20 Bn 2G Spectrum Scam during his per-decessor’s [A. Raja] regime.