BMS general secretary Vrijesh Upadhya was addressing a press conference to announce celebrations beginning November 10 for the birth centenary of Dattopant Thengdi, an economic thinker and founder of the BMS, Swadeshi Jagran Manch and Kisan Sangh. RSS chief Mohan Bhagwat will be the chief guest on the occasion, he said.
The pending payments are against the supply of telecom gear and other goods to BSNL and MTNL as well as Rs 45,000-crore rural broadband project BharatNet
Moneycontrol's Jerome Anthony talks to Corporate Bureau Chief Prince Thomas about what transpired in the sector this week.
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Telecom Secretary Anshu Prakash said that BSNL and MTNL get relief from the fund that they will realise from the sovereign guarantee bonds.
GST of Rs 4,000 crore on spectrum will also be adjusted by the government from budgetary provisions.
The Department of Telecom (DoT) had earlier said it forwarded a proposal to the Cabinet, recommending VRS for BSNL and MTNL employees above 50 years of age
The Cabinet met earlier on October 23 and approved a slew of measures. Here are the key takeaways
The employees have also planned lunch-hour protests and want to know what the government is doing to revive the two companies.
The government had earlier rejected a Rs 74,000 crore bailout package for BSNL and MTNL.
The direction has come after the finance ministry raised objections to a proposal moved by the telecom department (DoT) for reviving the two PSUs.
It should not be viewed as selling the family silver but for changing the structure of PSUs and improving their efficiency.
Saddled with past claims and HR-related bills from the two cash-strapped firms, DoT has now shot-off letters to the two ailing corporations asking them to withdraw such employees.
The Department of Telecom is examining the claims that have been made by the state-owned corporation, sources said.
The employees are demanding release of salary and pay revision before the government brings in the proposal of a voluntary retirement scheme.
BSNL has 1.76 lakh employees across India while MTNL has around 22,000 employees.
The source, privy to the development, said merger is "one of the many components" of the overall revival plan being worked out for the two corporations, and that a final call on the matter will be taken by the Cabinet.
Stating that there were some delay in the payment of wages for the month of February, 2019, the minister added that the salaries are being paid regularly.
It’s time for the government to cut its losses
BSNL is India’s largest loss-making state-run entity, with losses estimated at Rs 13,804 crore as of FY19-end
A draft Cabinet note has been circulated on the proposed bailout package for the two PSUs
The progress of privatisation in India has been quite slow, although the disinvestment process accelerated under the NDA 2 regime
The deal, if it goes through, would help the telco survive until the Centre finalises a revival plan