None
Skip to mainThe department of telecom (DoT) has released Rs 171 crores to pay outstanding salaries of Mahanagar Telephone Nigam Limited’s (MTNL) 23,000 staffers, and has reached an understanding with the Bharat Sanchar Nigam Limited (BSNL) management and employee unions to release fund prior to Holi festival on March 21, according to a senior ministry official.
“We have released Rs 171 crore on Tuesday for MTNL to pay salaries and arrears to its employees. The BSNL management and employee unions have been convinced that their salaries will be paid before the festival of Holi,” a senior official who does not wish to be named said.
MTNL is expected to start salary disbursement from Wednesday.
The official further added, "BSNL will be able to pay all salaries and dues amounting to Rs 850 crore before March 21."
BSNL will, however, be releasing this fund from its own cash flow.
The financially-stressed BSNL has, for the first time, delayed the February salary disbursement to its 1.70 lakh workforce.
The development comes after the telecom Minister Manoj Sinha Tuesday met Finance Minister Arun Jaitley and sought funds to meet salary payments to cash-strapped telcos.
The department of telecom has been meeting the salary expenses of MTNL that has been operational in Delhi and Mumbai metropolitans.
The revival plan of both BSNL and MTNL is under consideration with the department which has recently taken up the issue to the Digital Communication Commission, the highest decision making the inter-ministerial committee.
The state-controlled telcos were also demanding fourth-generation or 4G spectrum to stay competitive in the market.
🕑 19 Mar, 2024 10:36 AM
50% for CDA pattern employees of CPSEs in 7th CPC pay
🕑 18 Mar, 2024 01:16 PM
Changes in Reimbursement of Children Education Allowance as per NEP 2020
🕑 18 Mar, 2024 01:13 PM
Holiday declare for 14th April, 2024 – Birthday of Dr. B.R. Ambedkar
🕑 18 Mar, 2024 01:04 PM
Revised Flexible Complementing Scheme for Scientists
🕑 15 Mar, 2024 09:33 AM
Dearness Relief to Central Government pensioners from January 2024
🕑 14 Mar, 2024 09:14 AM
Interest rates for Small Savings for 1st Quarter of FY 2024-25 unchanged
🕑 12 Mar, 2024 03:22 PM
FinMin issues order on DA revision effective from January 1, 2024
🕑 12 Mar, 2024 03:04 PM
Bank Wage Revision:12th Bipartite Settlement & 9th Joint Note Signed
🕑 08 Mar, 2024 10:15 AM
DA Jumps to 50%! Central Govt Employees Get a Raise Just in Time
🕑 14 Mar, 2024 02:07 PM
Govt bans 18 vulgar 18 OTT. See the list here
🕑 08 Mar, 2024 01:49 PM
Pension Scheme Gains Traction Across States, Despite Central Hurdles
🕑 20 Feb, 2024 11:17 PM
CGHS rate for general surgery applicable from February 1, 2024
🕑 08 Feb, 2024 10:19 AM
No loan interst change as RBI maintains repo rate at 6.50% for the 6th time
🕑 07 Feb, 2024 08:28 PM
The Evolving Role of Pay Commissions in India: Mandatory or Myth?
🕑 05 Feb, 2024 03:50 PM
How much you take home increase after DA hike?
🕑 03 Feb, 2024 07:59 PM
Guaranteed Benefits in NPS: Election Gambit or Endgame for Retirees?
🕑 03 Feb, 2024 07:46 PM
Budget 2024. Benefit up to ₹ 25000. One in eight taxpayers to benefit