Seeing how US, UK, who have only pvt services, cope with security issue: Official
Given their infrastructure assets, privatise the telecom PSUs
The fastest way to revive telco is by way of asset monetization
The telecom corporation has also sought clearance of rent-related dues for DoT offices located at MTNL premises
Asked how the ailing state-owned entity intends to meet its salary obligations, he said MTNL is looking to pay it from accumulated revenue
BSNL and MTNL had both sought relief from the government in the form of conversion of debt into a sovereign guarantee, a pay revision and a subsequent voluntary retirement scheme
Investment bankers said the falling share price of PSUs would mean that the government would not only miss the disinvestment target but also not get good valuation
It could be unsettling for litigants to know that some judges dismiss appeals after finding no substantial questions of law, whereas others see half a dozen legal issues
Salary of employees is credited to their accounts on the last date of every month. However, this is for the second time the two companies have defaulted on payment of salaries this year
HR and other issues need to be sorted out by the panel that will decide the fate of the two PSUs
Dues from Vodafone totalled Rs 19,823.71 crore while Reliance Communications owed a total of Rs 16,456.47 crore
The fire outbreaks - which occurred in all these buildings on the same day - were controlled by the fire departments, and no casualties were reported
Ravi Shankar Prasad said the government is working on a proper package for improvement of state-owned telecom companies
Future recruitment in the company would be on contractual basis, saving the company pension payment in the coming years
The plan offers an exit package to thousand of employees, including an additional 5% compensation to make the VRS attractive
It has implications for the government's plans to expand Digital India to the poorest areas of the country
Both state-run firms are facing major financial stress due to stiff competiton and high employee costs
The comment assumes significance as distressed telecom PSUs MTNL and Bharat Sanchar Nigam Ltd (BSNL) are saddled with massive debt and have faced problems in clearing staff salaries in the recent past
The VRS for BSNL and MTNL could have a revenue impact of Rs 6,365 crore and Rs 2,120 crore, respectively.
Govt should either restructure or shut down telecom PSUs