- Joined
- 3 Nov 2010
- Messages
- 27,890
- Solutions
- 9
- Reaction score
- 38,459
Strategic disinvestment of BSNL or MTNL has been ruled out as there would not be any takers for it considering the current financial stress in the telecom industry.
After shooting down the proposal of the department of telecommunications (DoT) to pump in a massive Rs 74,000 crore to revive the ailing BSNL and MTNL, the finance ministry has suggested that both the sick PSUs be closed down.
Sources said in the event of closure of the two PSUs, the cost won’t be as high as Rs 95,000 crore as argued by the DoT while making a case for a Rs 74,000-crore revival package. The Rs 95,000-crore cost was coming in the case of providing an attra-ctive voluntary retirement sche-me to all 1.65 lakh BSNL empl-oyees and its debt repayment.
Closing bell? Finance ministry wants BSNL, MTNL closed down
After shooting down the proposal of the department of telecommunications (DoT) to pump in a massive Rs 74,000 crore to revive the ailing BSNL and MTNL, the finance ministry has suggested that both the sick PSUs be closed down.
Sources said in the event of closure of the two PSUs, the cost won’t be as high as Rs 95,000 crore as argued by the DoT while making a case for a Rs 74,000-crore revival package. The Rs 95,000-crore cost was coming in the case of providing an attra-ctive voluntary retirement sche-me to all 1.65 lakh BSNL empl-oyees and its debt repayment.
Closing bell? Finance ministry wants BSNL, MTNL closed down