What went wrong with BSNL?
The distressed telecom, saddled with a massive Rs13,000 crore debt, has been facing problems in clearing staff salaries.
The issue came to light in March, when BSNL defaulted on payments of monthly salaries to around 1.76 lakh employees..
What is BSNL revival plan?
The government had in October this year approved a Rs 69,000 crore revival package for BSNL and MTNL that includes merger of the two loss-making firms, monetising their assets and a Voluntary Retirement Scheme for employees. The revival package is aimed at making the combined entity profitable in two years.
Is BSNL better than Jio?
So BSNL is a clear winner in terms of data benefits and validity but the plan is not available in every circle so you will have to either go for the Jio prepaid plan or the Airtel, Vodafone to enjoy benefits.
What is BSNL future?
The government had approved Rs 69,000 crore revival package for BSNL and MTNL in October 2019 that includes merging the two loss-making firms, monetising their assets and giving VRS to employees so that the combined entity turns profitable in two years.
Is BSNL a loss making company?
BSNL has incurred a cumulative loss of Rs 17,645 crore between 2015-16 to 2017-18 and its loss in FY 2018-19 is pegged at over Rs 14,000 crore. The total loss of BSNL in the last four years has been pegged at close to Rs 32,000 crore.
Is BSNL private now?
Bharat Sanchar Nigam Limited d/b/a BSNL is an Indian state-owned telecommunications company, headquartered in New Delhi, Delhi, India….Bharat Sanchar Nigam Limited.BSNL Headquarters, New DelhiTotal assets₹146,758 crore (US$21 billion) (2020)Total equity₹59,139 crore (US$8.3 billion) (2020)OwnerGovernment of India (100%)16 more rows
Why is BSNL shutting down?
BSNL Will Shut Down In 2 Years If 4G Equipment Not Received, Warns Employees. In the absence of 4G, Government-owned telco Bharat Sanchar Nigam Limited (BSNL) cannot survive in the industry beyond two years, wrote All Unions and Associations of BSNL (AUAB) to Prime Minister Narendra Modi In a letter.
Why BSNL network is not working today?
In case a BSNL user is experiencing a low signal strength in a particular area, all they need to do to boost the signal strength is switching their network from 3G to 2G. It might disturb the internet speed but will surely strengthen the signal.
Can BSNL be revived?
More From Our Partners. New Delhi: Telecom Minister Ravi Shankar Prasad on Wednesday assured the Lok Sabha that state-owned telecom player BSNL is going to be revived soon. While BSNL is reporting losses since 2010, another telecom PSU MTNL has been in the red in nine of the past 10 years.
Is BSNL dead?
The BSNL was incorporated in 2000, taking over the business of telecom services and network management from the former central government’s Department of Telecom Services and Telecom Operations. The organisation, since then, has slipped miserably and the central government seems to be in no mood to revive the company.
Is BSNL about to close?
NEW DELHI: The government on Thursday assured Rajya Sabha that public sector telecom companies BSNL and MTNL will not be shut down and efforts are being made to revive them soon.
Who is responsible for BSNL loss?
In 2016-17, the loss was Rs 4,793 crore and in 2017-18, BSNL had an annual loss of Rs 7,992 crore. Employees fret that the loss is simply due to the policies of the consecutive central governments (the then United Progressive Alliance and current National Democratic Alliance).