There has been a lot of news about BSNL and MTNL, the state-owned telecom company, about the future of both the companies under the debt burden. At the same time, on Wednesday, the Modi government has taken a big decision on BSNL-MTNL. In fact, the plan of the merger of BSNL and MTNL has been approved in the cabinet meeting.
This is a big relief for the employees of these two state-run companies for a long time. This is because news had been coming out for a long time that the government could shut down both government telecom companies. Government employees were very upset about these speculations. However, after this news came out from the government, the matter of the closure of both companies has been proved to be just a rumor.
The cabinet decision was announced by Telecom Minister Ravi Shankar Prasad. Making the announcement, he said that there has been a lot of injustice with BSNL in the past. We are working on a plan to merge BSNL and MTNL.
According to Ravi Shankar Prasad, an attractive VRS package will be brought for BSNL. Along with this, about 4000 crores of the budgetary provision will be made for the 4G spectrum. He informed that 38000 crore rupees will be monetized in the next 4 years. At the same time, bonds worth 15 thousand crores will also be issued.
Let us know that the loss-making BSNL had applied to the government in 2015 for the allocation of 4G spectrum. And sought approval regarding the voluntary retirement scheme package which was pending since 2009.