MTNL had reported a net loss of Rs 949.80 crore for the second quarter of FY 2019-20. 1 MTNL and BSNL merger on the cards, says Kapil Sibal. BSNL employees . As per reports, BSNL is planning to launch its 4G services from the first week of January. MTNL has reported losses in nine of the past 10 years and BSNL has also been ringing in losses. Bhai Dooj 2022 Date. 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 . BSNL and MTNL are government owned telecommunications company. Huge expenses: About 60% of BSNL's revenues go towards managing employee expenses, while for MTNL it is around 87%. 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: Bhai Dooj 2022 Date and Time, Shubh Muhurat, Panchang - Delhi, Uttar Pradesh, Bihar . The organizations' AGR (adjusted gross revenue) dues (spectrum usage charges and licencing fee) are currently Rs 43,148 crore. He was . 5G is likely to benefit the Indian economy by USD 455 billion between 2023 and 2040, or more than 0.6 percent of the GDP forecast for 2040 (and the global economy by . The committee suggested that BSNL is expected to be "profitable from FY 2023-24" onwards. MTNL's stock fell 43% in the last one year. 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). The Modi government is mulling over capital infusion of 15,000-20,000 crore rupees in BSNL. (representational image). The process of merger is likely to be completed in 18-24 months. Till the merger process is completed, MTNL would be a subsidiary of BSNL. Contrary to several misleading rumours in the media in recent past, the Government of India on 23rd October 2019 cleared it's stand about the relevance of BSNL/MTNL. The Indian government has formally approved a revival package for state-owned operators MTNL and BSNL, which will include: a merger of the two operators, with MTNL to become a subsidiary of BSNL; the allocation of 4G spectrum to the merged entity; an INR201.4bn (USD2.8bn) capital infusion; tags. The letter said that "the BSNL employees are genuinely concerned that the. For me absence of Pay revision for pension revision means 'no pay revision' in today's context. left for his heavenly abode today on 02.08.2022, at Kannur Kerala. 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. 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. BSNL, MTNL to merge under Rs 69,000 cr revival plan, 4G spectrum, VRS part of scheme The government on Wednesday approved a Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and giving VRS to employees. Join SNEA, Strengthen Employees Unity, Strengthen Executive Unity, Strengthen BSNL. Alternatively, the government should take over MTNL's debt of Rs 26,000 crore. 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 The government also said that attractive VRS (voluntary retirement scheme) packages will be offered to employees of both the companies. Now, although the merger of BSNL and MTNL has been in talks since a decade . Due to financial reasons including high debt of MTNL, the merger of MTNL with BSNL is deferred ," Chauhan said. . 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 . Nearly a million individuals directly or indirectly linked to the two sick telecom companies- Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) were breathlessly awaiting the outcome of Prime Minister Narendra Modi-headed Union Cabinet's meeting underway. The government on Wednesday approved a merger and revival plan for the state-run telecommunication companies Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telecom Nigam Ltd (MTNL). The new proposal will perhaps be more acceptable to the employees at least, given the precarious financial situation of the two PSUs. Despite incurring losses since 2009-10, the BSNL's loan liabilities were the smallest among the large public and private telecom operators. As of January 31, BSNL/MTNL had a combined debt of Rs 59,588 crore. As per the audited financial results for the year ending March 31, 2020, the total liabilities of BSNL and MTNL were Rs 87,618 crore and Rs 30,242 crore, respectively. Now while the merger issue seems to have crossed a crucial deadlock, any merger means BSNL will get listed indirectly. 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. Challenges faced by PSUs: Overstaffing: BSNL has a huge employee base of 1.66 lakh and MTNL 21,679. He demanded that instead of doing a merger, the government should take over the MTNL's debt of Rs 26000 crore. The MTNL stock was trading higher by 2.4 percent at Rs 28 per share on Thursday. The revival package was needed as the two PSUs comes are facing financial stress due to stiff competition and reduction in tariffs. 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. 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. MTNL's networth is reported to have been fully eroded with Rs (-) 11,776.85 crore as on September 30, 2019. 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 The BSNL absorbed Retirees' Associations are started telling that DOT has taken a policy decision of delinking Pension Revision from the Pay Revision. . Advertisement Press Trust of India 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. Investing these resources in acquiring Vodafone would be the best bet as the government will get another 33 crore consumers. 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. Sincerely with best wishes. The merger bill will be ~70,000 crore which includes VRS, capital infusion, GST and bond guarantee. The union has said that the merger of BSNL and MTNL will do irreparable damage to the revival of BSNL. "GoM had deferred merger of MTNL and BSNL, mainly due to high debt on MTNL," according to an official source. Following this, the BSNL Management has formed committees fulfill the merger. 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.. 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.. 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. 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. It's not clear whether or when the same situation will apply to MTNL. The launch of 5G services has propelled India's position as an economic and tech powerhouse globally. Jul 13, 2006 #1 Seems there is a merger plan for the two PSU's read on . In fact, this merger would see MTNL would be merged with BSNL.As far as BSNL revival is concerned, there would also be a revival package of Rs 15000 crores. 2 Realme Watch 3 Pro Review: Gets a lot of things right except battery . "We fervently appeal to you to kindly drop the proposal to merge MTNL with BSNL. 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. India said on Wednesday it plans to spend nearly $6 billion to revive loss-making state-funded telecom operators Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). MTNL has a total debt of 20,000 crore. This puts the total number of employees in the new merged BSNL at 1.86 lakh. This merger would take time to complete. Increased competition: Triggered after entry of Reliance Jio in . As per Telecom Minister Ravi Shankar Prasad, MTNL would be a subsidiary of BSNL after the merger. According to the sources in BSNL, the company has a . 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. 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. . My Bengali Channel - https://www.youtube.com/channel/UC4A3v_KoFbEFw4QQ4Lt9IiA Please SUBSCRIBE // LIKE // COMMENT // SHARE =====. Updated: 24 Mar 2022, 06:43 AM IST Livemint. The revival package includes raising of Rs 15,000 crore sovereign bonds and monetising Rs 38,000 crore of assets in next four years. This would be raised via sovereign bonds. The Cabinet also approved a revival package of Rs 29,937 crore for the two loss-making telecoms. The MTNL is listed in the share market. Surprisingly perhaps, a lot of promised 4G spectrum has not yet been used by BSNL or MTNL, especially given that some private companies are already looking at 5G. 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. . However, the Management is not taking any step to consult the unions and associations on this matter. The merger would also save the subscribers of Vodafone, who, otherwise, would have to look for other companies. " 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. 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. In the first phase, the government may form a . 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 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. 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. Maharashtra Sales Tax Amnesty Scheme 2022- Last . "The government should infuse adequate financial assistance to revive BSNL," he added. 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.. 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 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. Besides, Sibal also revealed that BSNL will soon introduce a new roaming plan across its circles - Re 1 a day, for a 90- day period. BSNL and MTNL Merger. It will be solved before the auction and the withdrawal date," said Sibal. If the merger does not go through this time it could be the. View File Government has taken decision to merge MTNL with BSNL. . 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. Both the companies are reeling under the pressure of mounting losses and increasing competition in the sector. What is the BSNL and MTNL merger and revival plan worth? 02/08/2022 :SAD News. MTNL -900 MHz . Read | From BSNL-MTNL merger to unauthorised colonies: Decisions taken by Cabinet today. . Adept. It said that BSNL/MTNL are of strategic importance to India and are precious national assets. NEW DELHI: The Centre is considering a new strategy for the merger of Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL). MTNL had around 22,000 people on its rolls. BSNL will absorb MTNL, to act as a subsidiary post the merger. SAD NEWS: With profound grief and sorrow, we express deepest condolences in the loss of our beloved leader, colleague Com.Deepak Kumar.P. 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. It would be ensured that, no notional pay such derived be less than the minimum of the corresponding 3 rd PRC scale. The two firms will monetise assets worth Rs 37,500 crore in the next three years, Prasad said. (a) The Cabinet in its meeting held on 23-10-2019 approved the revival plan for Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) which inter-alia includes in-principle approval for merger of BSNL and MTNL. BSNL will upgrade its yet-to-be-launched 4G services to 5G by August 2023. BSNL Employee Union (BSNLEU) wrote a letter to the Prime Minister Narendra Modi which was dated 23rd March, 2022. 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". The BSNL employees are genuinely concerned that, the merger of MTNL with BSNL will certainly ruin the financial condition of the latter. In a . DOT selectively approve the scales, date of effect, IDA merger points and any fitment . It also plans to launch 5G services by the end of August next year. As of May 2019, BSNL had 1,63,902 employees. While BSNL employees have openly opposed the merger plan, MTNL and BBNL have kept silent so far. State-run MTNL will be a subsidiary of BSNL by transferring the government's shareholding to it following the Union Cabinet's in-principle approval to their merger. MTNL provides telephony services in Delhi and Mumbai, while BSNL is present in the rest of the circles in the country. Thread starter hammerhead; Start date Jul 13, 2006; H. hammerhead. 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.