PM Modi invites Brazilian President Messias Bolsonaro to be chief guest at Republic Day Parade///The Prince of Wales called on Ram Nath Kovind///India and Switzerland hold Secretary-level Bilateral Meeting///MoS (DoNER) Dr Jitendra Singh visits site of North East Convention Centre to be set up in Delhi////100th Birth Anniversary of Shri Dattopanth Thengri//Food products made by CSIR labs better than those available in markets, says Dr Harsh Vardhan////कमलेश्वर पटेल की केन्द्रीय पंचायत एवं ग्रामीण विकास मंत्री नरेन्द्र सिंह तोमर से मुलाकात///PM Modi holds bilaterals on the sidelines of BRICS Summit////Prakash Javadekar Takes Charge as Heavy Industries and Public Enterprises Minister////
Home | Latest Articles | Latest Interviews |  Past Days News  | About Us | Our Group | Contact Us
Cabinet approves merger of BSNL and MTNL


Cabinet approves merger of BSNL and MTNL


NEW DELHI. The government decided to merge loss-making telecom firms MTNL and BSNL as part of a revival package that includes raising sovereign bonds, monetising assets and voluntary retirement scheme for employees.

Union Minister Ravi Shankar Prasad dispeled the speculations that MTNL and BSNL could be disinvested.

"Neither MTNL or BSNL are being closed, nor being disinvested, nor is being hired to any third party," RS Prasad said.

Union Cabinet has approved revival plan of BSNL and MTNL, in-principle merger of the two. "Spectrum of 4G to be allocated to Telecom PSEs (Public Sector Enterprises). VRS (voluntary retirement scheme) packages to be offered," Prasad said.(UPDATED ON OCTOBR 23RD, 2019)