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 associated with workforce that is total chosen the VRS.
4G Range
The federal government believed to fund the scheme by infusing capital during these general public sector undertakings a worth of Rs 20,140 crore. In addition, the GST level of Rs 3,674 crore to the range value will be borne by also the us government through budgetary resources. BSNL has additionally looked for radio waves within the 2100 MHz range for pan Asia procedure except into the Rajasthan group, while MTNL, which just runs in 2 metros, has expected when it comes to 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 improve resources for retiring financial obligation, servicing of bonds, system upgradation, expansion and conference the functional investment demands. BSNL expects to create about Rs 300 crore in present financial 12 months from assets monetisation. The telco is in speaks with Central Board of Secondary Education (CBSE) on the market of certain land parcels. Specific assets had been already identified because of the Department of Investment and Public resource Management (DIPAM).
Increasing Sovereign Bonds
The government announced to raise Rs 15,000 crore by issuing sovereign bonds, though its clearance is still pending from Ministry of Finance, but is expected to be cleared by February, 2020 to meet the urgent capital requirement.
Merger between BSNL and MTNL
In October, telecom minister Ravi Shankar Prasad stated that the federal government is designed to merge the 2 ailing firms– MTNL and BSNL as an element of a revival package. On November 01, 2019, the us government authorized the mega merger enabling MTNL to be a subsidiary of BSNL. MTNL’s shares are detailed and its own worker wages are greater 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 adhering to a crying foul because of the Delhi-based team which stated that BSNL has been doing a \”very severe breach of public procurement policy\” of 2017, and no ‘Make in Asia’ business ended up being ever consulted because of the public-sector telco.
The division in addition has wanted an \”urgent report\” from the DoT’s considering that the problem, it stated, may be taken on for an answer within the Standing Committee, and included that the procurement shouldn’t be finalised through to the grievance is disposed-off by the authority that is competent.
Questions to DoT and BSNL failed to generate any reaction.
The Telecom gear marketing Council (Tepc), a lobby team that represents the homegrown telecom gear organizations has red-flagged a tender released in March 2020 by the state-run BSNL to deploy network that is next-generation desired ‘immediate intervention’ through the Centre.
The public-sector telecom business, as an element of period – IX network expansion, had invited bids for the upgradation for 50,000 4G web web sites in north, east, west and south zones and 7,000 brand new sites in two metropolitans– Delhi and Mumbai for Mahanagar Telephone Nigam Limited (MTNL).
Within the split letters to DPIIT assistant, Guruprasad Mohapatra and DoT assistant, Anshu Prakash, dated April 15, the Tepc said the BSNL that is state-owned has a severe breach associated with the Union’s policy, and regardless of the initiative being 100% funded by the us government, it might potentially 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 stage scheme that is-IX be carried out.
The document invited bids from those parent that is whose needs to be a maker for the 4G radio access system and must possess 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 least Rs 8,000 crore worth of annual return as a necessity for applicant organizations happy to partcipate in bids.
The domestic players state that the bidding that is current appeared profitable to multinational vendors such as for instance Finnish Nokia , Swedish Ericsson , Korean Samsung, and Chinese Huawei and ZTE .
The team, nonetheless, included it was the requirement of this hour when it comes to Centre to truly save industry that is domestic line using the choice to create in Asia (PMI) tips released on June 15, 2017, and soon after revised in 2018 and once more in 2019 to encourage domestic gear manufacturers.
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