Voluntary Pension Scheme
The government introduced Voluntary Retirement Scheme (VRS) under which any employee above the age of 53 and half, who opts for the VRS, will be given 125% remuneration of the salary, pension and gratuity till the age of 60. 78,300 employees opted for the VRS, and the BSNL is expected to save approximately 50 per cent of the company’s total staff cost of Rs 14,500 crore as a part of revival plan. MTNL’s 14,378 employees, accounting for 76 percent regarding the total workforce, plumped for the VRS.
4G Range
The us government believed to fund the scheme by infusing capital in these sector that is public a worth of Rs 20,140 crore. In addition, the GST quantity of Rs 3,674 crore to the spectrum value will be borne by also the federal government through budgetary resources. BSNL has additionally looked for radio waves within the 2100 MHz range for pan Asia procedure except when you look at the Rajasthan group, while MTNL, which only operates in 2 metros, has expected for the 1800 MHz range in Delhi and 2100 MHz in Mumbai.
Resource Monetisation
The Cabinet in addition has authorized assets monetisation worth Rs 38,000 crore during a period of four years to increase resources for retiring debt, servicing of bonds, system upgradation, expansion and conference the functional investment demands. BSNL expects to produce about Rs 300 crore in present financial 12 months from assets monetisation. The telco happens to be in talks with Central Board of Secondary Education (CBSE) available of certain land parcels. Particular assets had recently been identified by the Department of Investment and Public resource Management (DIPAM).
Increasing bonds that are sovereign
To generally meet the urgent capital requirement, the us government announced to improve Rs 15,000 crore by issuing sovereign bonds, though its approval remains pending from Ministry of Finance, it is anticipated to be cleared by February, 2020.
Merger between BSNL and MTNL
In October, telecom minister Ravi Shankar Prasad stated that the federal government aims to merge the 2 firms– that are ailing and BSNL as an element of a revival package. On November 01, 2019, the federal government authorized the mega merger enabling MTNL in order to become a subsidiary of BSNL. MTNL’s shares are detailed and its particular worker wages are more than those in BSNL. National holds 56.25per cent share in MTNL. The full-merger between your two is anticipated become finished in 2-3 years.
The inter-departmental note has come carrying out a crying foul by the Delhi-based team which stated that BSNL has been doing a \”very serious breach of public procurement policy\” of 2017, and no ’Make in Asia’ company had been ever consulted because of the public-sector telco.
The department has additionally looked for an \”urgent report\” from the DoT’s considering that the problem, it stated, could be taken on for an answer within the Standing Committee, and included that the procurement really should not be finalised before the grievance is disposed-off by the competent authority.
Inquiries to DoT and BSNL failed to generate any reaction.
The Telecom gear marketing Council (Tepc), a lobby team that represents the homegrown telecom gear businesses has https://hookupdate.net/cs/eastmeeteast-recenze/ red-flagged a tender granted in March 2020 by the state-run BSNL to deploy network that is next-generation desired ’immediate intervention’ from the Centre.
The public-sector telecom business, as part of period – IX network expansion, had invited bids for the upgradation for 50,000 4G sites in north, east, west and south zones and 7,000 brand brand new web sites in two metropolitans– Delhi and Mumbai for Mahanagar Telephone Nigam Limited (MTNL).
Within the split letters to DPIIT assistant, Guruprasad Mohapatra and DoT secretary, Anshu Prakash, dated April 15, the Tepc stated the state-owned BSNL did a severe breach regarding the Union’s policy, and inspite of the effort being 100% funded by the federal government, it may possibly head to international players.
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Meanwhile, BSNL has extended the bid opening date to might 25 and stated that \”no pre-bid discussions\” for the period -IX scheme would be carried out.
The document invited bids from those whose parent business must certanly be a maker regarding the 4G radio access system and must have connection with preparation, engineering, supply, installation, commissioning of at the least an overall total of 20 million GSM 900 and\/or GSM 1800 system lines.
The telco that is government-owned additionally mandated at the very least Rs 8,000 crore worth of annual return being a prerequisite for applicant businesses ready to partcipate in bids.
The domestic players state that the present putting in a bid conditions showed up profitable to multinational vendors such as for example Finnish Nokia , Swedish Ericsson , Korean Samsung, and Chinese Huawei and ZTE .
The team, but, included that it was the requirement regarding the hour for the Centre to truly save industry that is domestic line utilizing the choice to create in Asia (PMI) recommendations given on June 15, 2017, and soon after revised in 2018 and once again in 2019 to encourage domestic gear makers.