The government also said that attractive VRS (voluntary retirement scheme) packages will be offered to employees of both the companies. The much-awaited merger of telecom PSUs, BSNL and MTNL, is likely to take place by July next year as the two companies look at synergising operations by offering services as a single entity.. The decision to merge BBNL and BSNL had already been taken by the government and this process was scheduled to be completed before 31 st March. The union has said that the merger of BSNL and MTNL will do irreparable damage to the revival of BSNL. . The Union Cabinet also approved merger of the state-owned telecom firms and till the completion of the process, MTNL will operate as a subsidiary of BSNL, Telecom Minister Ravi Shankar Prasad . The government approved the revival plan for Bharat Sanchar Nigam Limited (BSNL) and MTNL in October 2019 in which an in-principle nod for the merger of the two state-owned telecom corporations was granted. Private players have just 25,000-30,000 employees across India. MTNL had reported a net loss of Rs 949.80 crore for the second quarter of FY 2019-20. Increased competition: Triggered after entry of Reliance Jio in . The government on Wednesday informed Parliament that the proposed merger between Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) has been deferred. Huge expenses: About 60% of BSNL's revenues go towards managing employee expenses, while for MTNL it is around 87%. Maharashtra Sales Tax Amnesty Scheme 2022- Last . Amid renewed push for BSNL-MTNL merger, BSNL CMD Anupam Shrivastava has said the combination will be "advantageous" for both the state-owned telecom firms but issues pertaining to debt and salary structure will need to be sorted out first. To be empowering you, your family, 140 + crore Indians with in and Abroad through news infotainment, entertainment, issue based journalism related to nigam, , - Latest updates, News, Photos, Videos - India Herald While BSNL employees have openly opposed the merger plan, MTNL and BBNL have kept silent so far. International or past experiences have shown, any merger works only because employees get fired and the merged company is able to bring down their cost of operations. As of January 31, BSNL/MTNL had a combined debt of Rs 59,588 crore. If the merger does not go through this time it could be the. . 1 MTNL and BSNL merger on the cards, says Kapil Sibal. KOLKATA: The telecom department (DoT) has for the first time set a cutoff dateJuly 31, 2015for concluding the much discussed merger of struggling state-run MTNL merger to bring 'irreparable' loss to BSNL revival: Employees group In a letter dated March 23, 2022 to the Prime Minister Narendra Modi, BSNL Employee Union (BSNLEU) said, "the BSNL employees are genuiunly concerned that the merger of MTNL with BSNL will certainly ruin the financial condition of the latter." Muntazir Abbas ETTelecom (representational image). The situation regarding the merger of India's state-run telecommunications operators Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) has become a touch more complex. BSNL and MTNL are government owned telecommunications company. Idea and Vodafone have got final DoT approval for merger. Bhai Dooj 2022 Date. For pre-2017 pension revision DOT slide says the following: "Pension of the Pre 1-1-2017 retirees would be fixed by taking half of notional pay, as derived from merging their IDA as on 1-1-2017 with LPD and placing it with the scales of 3 rd PRC. " Government has approved the revival plan of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) on October 23, 2019, which inter-alia includes in-principle approval for the merger of MTNL and BSNL. The two firms will monetise assets worth Rs 37,500 crore in the next three years, Prasad said. NEW DELHI: The government on Wednesday approved a Rs 68,751 crore revival package for loss-making Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), including 4G spectrum allocation and voluntary retirement scheme, as well as their merger. As per Telecom Minister Ravi Shankar Prasad, MTNL would be a subsidiary of BSNL after the merger. MTNL was earlier expected to turn profitable by 2020-21 and BSNL by 2023-24 after both the PSUs were jointly given a relief package of around Rs 70,000 crore in 2019. The board strongly recommends the merger of ITI Ltd with BSNL, or its takeover by BSNL as a separate subsidiary, thereby ensuring strategic vertical integration. Currently, the state-owned operator, BSNL-MTNL has only 3G services for its users, while the private players will very soon aggressively push to capture the market for 5G services. Following this, the BSNL Management has formed committees fulfill the merger. The government approved the revival plan for Bharat Sanchar Nigam Limited (BSNL) and MTNL in October 2019 in which an in-principle nod for the merger of the two state-owned telecom corporations was granted. The merger would also save the subscribers of Vodafone, who, otherwise, would have to look for other companies. In fact, the VRS scheme, about 77,000 people in BSNL have opted and in the case of MTNL, 13,532 employees have opted for the VRS scheme till November 20. Investing these resources in acquiring Vodafone would be the best bet as the government will get another 33 crore consumers. Adept. 10.8 CHT (Date missing) cht.com.tw (Error: unknown archive URL) (August 2016) Republic of China Ministry of Transportation (35.41%) 2: Taiwan Mobile: The merger and revival plan, which was estimated at 69,000 crore, included capital infusion of 20,140 crore by the Centre to meet the cost of. StudyIQ is here to help in your preparation with:UPSC IAS LIVE Foundation Last BatchBatch starting on 18th October'22 | 8:00 AMHurry Enrol Now : https://bit.. In order to revive the two ailing state-owned companies and with an eye on state elections including Delhi, the Union Cabinet on Wednesday, October 23, approved the merger of Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). As of May 2019, BSNL had 1,63,902 employees. The BSNL employees are genuinely concerned that, the merger of MTNL with BSNL will certainly ruin the financial condition of the latter. This comes days after BSNL Employees Union wrote to PM Narendra Modi, requesting him to drop the merger as it "will do irreparable damage to revival of BSNL". Advertisement Press Trust of India Challenges faced by PSUs: Overstaffing: BSNL has a huge employee base of 1.66 lakh and MTNL 21,679. View File Government has taken decision to merge MTNL with BSNL. The Modi government is mulling over capital infusion of 15,000-20,000 crore rupees in BSNL. In the first phase, the government may form a . BSNL,MTNL merger. The MTNL stock was trading higher by 2.4 percent at Rs 28 per share on Thursday. Due to financial reasons including high debt of MTNL, the merger of MTNL with BSNL is deferred ," Chauhan said. In a . . It will be solved before the auction and the withdrawal date," said Sibal. BSNL-MTNL Merger Not Feasible, Says Govt Officials; MTNL Can Be Shut Down To Prevent More Loss After two decades of deliberations, the plan to revive the Bharat Sanchar Nigam (BSNL) and. This puts the total number of employees in the new merged BSNL at 1.86 lakh. 1-year-old murdered in Greater Noida, rape suspected After a hiatus of few years, the proposal to merge BSNL and MTNL is back on the discussion table with top officials at the telecom department once again 'brainstorming' on various options before the two loss-making, state-owned entities. "The government should infuse adequate financial assistance to revive BSNL," he added. Despite incurring losses since 2009-10, the BSNL's loan liabilities were the smallest among the large public and private telecom operators. The revival package includes raising of Rs 15,000 crore sovereign bonds and monetising Rs 38,000 crore of assets in next four years. The MTNL is listed in the share market. Join SNEA, Strengthen Employees Unity, Strengthen Executive Unity, Strengthen BSNL. As a step towards the merger of BSNL and MTNL and to enable BSNL to have a pan-India footprint of services, the group of ministers (GoM) in the meeting on December 21, 2020, approved the. The process of merger is likely to be completed in 18-24 months. Updated Mar 10, 2021 | 15:20 IST In October 2019, the Union Cabinet had approved the revival plan of BSNL and MTNL, including their merger that would help turn around the cash-strapped firms Govt defers BSNL, MTNL merger due to companies' financial constraints Updated: 24 Mar 2022, 06:43 AM IST Livemint. My Bengali Channel - https://www.youtube.com/channel/UC4A3v_KoFbEFw4QQ4Lt9IiA Please SUBSCRIBE // LIKE // COMMENT // SHARE =====. BSNL will upgrade its yet-to-be-launched 4G services to 5G by August 2023. NEW DELHI: The full-fledged merger between the two state-run telcos Bharat Sanchar Nigam Limited ( BSNL) and Mahanagar Telephone Nigam Limited ( MTNL) would not be possible any time before 2021, a . 2 Realme Watch 3 Pro Review: Gets a lot of things right except battery . 02/08/2022 :SAD News. MTNL has reported losses in nine of the past 10 years and BSNL has also been ringing in losses. The letter said that "the BSNL employees are genuinely concerned that the. left for his heavenly abode today on 02.08.2022, at Kannur Kerala. The panel said BSNL can claim tax breaks if it merges with a loss-making ITI and suggested BSNL can also merge MTNL with itself. New Delhi: The government on Wednesday approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL, including 4G spectrum allocation and voluntary retirement scheme, as well as their merger. Both the companies are reeling under the pressure of mounting losses and increasing competition in the sector. tags. The revival package was needed as the two PSUs comes are facing financial stress due to stiff competition and reduction in tariffs. BSNL Employee Union (BSNLEU) wrote a letter to the Prime Minister Narendra Modi which was dated 23rd March, 2022. MTNL's stock fell 43% in the last one year. MTNL -900 MHz . i The Union Cabinet on Wednesday, 23 October, approved the revival plan for the loss-making telecom Public Sector Undertakings (PSUs) Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone. The launch of 5G services has propelled India's position as an economic and tech powerhouse globally. MTNL has a total debt of 20,000 crore. It's not clear whether or when the same situation will apply to MTNL. Bhai Dooj 2022 Date and Time, Shubh Muhurat, Panchang - Delhi, Uttar Pradesh, Bihar . The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official said.. In its draft strategic plan, the department while showing concern over the deteriorating performance of BSNL and MTNL, said: "BSNL and MTNL should be merged as they have complimentary operations and can combine their strengths for synergies."Increasing competition in the telecom sector has also led to a dip in the performance of the PSUs.