Telecom Minister Ravi Shankar Prasad had recently asked BSNL to start a dialogue with its employees on the VRS
The demand notices will be issued in next two weeks after an assessment in light of the court order is done
Sources said there was a one-month lag in salary payments of BSNL employees and two months for MTNL staff
The pending payments are against the supply of telecom gear and other goods to BSNL and MTNL
The two firms will monetise assets worth Rs 37,500 crore in the next three years
The minister who met the boards of BSNL, MTNL categorically told the cos that they have been given a strong incentive package by the govt and must roll up their sleeves now to become more competitive
If it can get its act together - and cut the flabby workforce - the opportunities for growth are huge
The government, on Wednesday, announced a relief package for the two beleaguered companies
To date, the InvIT market has raised money only from the private sector
The entire exercise for installing a model commercial entity, with many differing components of finance, HR, marketing would need a lead minister and a capable team to shape a progressive company
Briefing the media after the decision, Telecom Minister Ravi Shankar Prasad categorically said the government was neither closing down, nor divesting its stake in, BSNL and MTNL.
The relief package includes a sovereign bond issue worth Rs 15,000 crore
Proposed measure might create some competition for private players and contain state-owned telcos' operational costs
BSNL and MTNL should be privatised
The government on Wednesday approved a Rs 68,751-crore revival package for public sector telecom companies BSNL and MTNL, including 4G spectrum allocation and voluntary retirement scheme
The revival package includes raising of Rs 15,000 crore sovereign bonds and monetising Rs 38,000 crore of assets in next four years
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint
Dept has apparently sought funds for VRS schemes of the two firms and allotment of 4G spectrum, proposes to raise finances via asset monetisation
The loss-making PSU submitted a proposal to the government in 2015 for 4G spectrum allocation
The debt-ridden PSU has not been able to pay salaries of employees for September