The ailing public sector telco recorded a net profit of Rs 262 crore in Q3 this year, the first time since 2007. A deeper look shows this is not due to material improvements.
Since 2019, govt has pumped Rs 3.22 lakh crore into MTNL & BSNL. Both remain in losses. MTNL has begun to default on loans & bond payments, possibly the first large PSU to become NPA.
The VRS scheme, which closed Tuesday, will pay employees between Rs 30 lakh & Rs 1 crore, depending on pay scale & designation. But workers are still concerned.
The Atal Bihari Vajpayee government’s disinvestment record has still not been matched by any government. UPA government’s record has been relatively pathetic.
Telecom Minister Ravi Shankar Prasad announced the merger and the revival package, which will include the 4G spectrum allocation and a voluntary retirement scheme.
In about two weeks, as White House Press Secretary Karoline Leavitt announced, Trump would take a final call on the nature of the United States’ involvement in the Israel-Iran conflict.
Larger technical team from UK expected to arrive for repairs. Stealth fighter jet remains parked in the open at Thiruvananthapuram International Airport.
Sleight of hand accountancy is the secret sauce of BJP. It is the magic mantra which has made public sector banks suddenly profitable and now BSNL seems to have joined the party.
We elected Modi for “minimum government, maximum governance”. What we are getting is the exact opposite “minimum governance, maximum government”.
The public sector banks and companies like BSNL must be privatized at the earliest.
Sleight of hand accountancy is the secret sauce of BJP. It is the magic mantra which has made public sector banks suddenly profitable and now BSNL seems to have joined the party.
We elected Modi for “minimum government, maximum governance”. What we are getting is the exact opposite “minimum governance, maximum government”.
The public sector banks and companies like BSNL must be privatized at the earliest.