Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Govt releases Rs 171-cr pending dues to MTNL for salaries; BSNL to clear Rs 850-cr wage outstanding by 20 March
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Govt releases Rs 171-cr pending dues to MTNL for salaries; BSNL to clear Rs 850-cr wage outstanding by 20 March

Govt releases Rs 171-cr pending dues to MTNL for salaries; BSNL to clear Rs 850-cr wage outstanding by 20 March

Press Trust of India • March 14, 2019, 11:54:33 IST
Whatsapp Facebook Twitter

BSNL chairman and MD Anupam Shrivastava said the company expects internal accruals of around Rs 850 crore in this month and the entire amount will be used for disbursal of salaries.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Govt releases Rs 171-cr pending dues to MTNL for salaries; BSNL to clear Rs 850-cr wage outstanding by 20 March

New Delhi: The government has released pending dues of Rs 171 crore to cash-strapped Mahanagar Telephone Nigam Ltd (MTNL) for paying February salaries to employees, a senior official said. On the other hand, Bharat Sanchar Nigam Ltd (BSNL) will clear salary dues of around Rs 850 crore by 20 March from its internal accruals. Both companies have failed to pay salaries of their employees for last month, according to employees’ representatives. [caption id=“attachment_4495585” align=“alignleft” width=“380”]Representational image. Reuters. Representational image. Reuters.[/caption] BSNL chairman and MD Anupam Shrivastava said the company expects internal accruals of around Rs 850 crore in this month and the entire amount will be used for disbursal of salaries. “There will be no pending amount following this disbursal,” he said. The company has informed its employee representatives that the disbursal of salaries would be made by 20 March. BSNL spokesperson Sanjay Kumar Sinha said the salaries of BSNL employees in Jammu and Kashmir, Kerala and BSNL corporate office (excluding senior officers and board members) have already been released. A senior DoT official said MTNL has been provided with Rs 171 crore on Tuesday as part of internal settlement. Both BSNL and MTNL have been ailing due to decisions taken by the government in the past including transfer of large number of DoT employees to these PSUs and allocation of expensive spectrum for mobile services without giving them any choice. BSNL has 1.76 lakh employees across India and MTNL has around 22,000. It is estimated that 16,000 MTNL employees and 50 percent of BSNL employees will retire in the next 5-6 years. The PSUs have approached the government for relief and partial equity investment in line with industry practice to compete in the market. Both firms have sought permissions to monetise their land assets as well as support for voluntary retirement scheme (VRS) for its employees. MTNL, which operates in only Delhi and Mumbai, expects that asset monetisation and other measures can help the company is doing away with the debt of around Rs 19,000 crore. BSNL, which has the lowest debt of Rs 14,000 crore among all telecom operators, has sought 4G spectrum across India through equity infusion of Rs 7,000 crore to help it compete in the market.

Tags
PSUs NewsTracker BSNL MTNL Salary Dues monetisation BSNL employees
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV