New Delhi, July 24 -- The Comptroller and Auditor General of India estimates on losses to BSNL from Reliance Jio Infocomm was based on the misinterpretation of a clause on add-on technology and it has been rectified in a transparent and equitable manner, Parliament was informed on Wednesday.
The CAG report tabled in Parliament in April had said the Government suffered a loss of '1,757.56 crore as state-owned telecom firm BSNL failed to bill Reliance Jio for 10 years since May 2014 as per their agreement on passive infrastructure sharing.
"BSNL has Master Service Agreements (MSAs) with M/s RJIL, for leasing of BSNL's tower infrastructure to install their equipment. There is no revenue loss to BSNL and Government.
The estimate of CAG was b...