BSNL Voluntary Retirement Scheme-2019
WISH YOU A HAPPY DEEPAVALI 2019
DATE: 26/ 10
UNION CABINET BSNL, MTNL REVIVAL -
DATE: 23/ 10
Union Cabinet approves revival plan of BSNL and MTNL and in-principle merger of the two
Spectrum of 4G to be allocated to the Telecom PSEs
Funding through capital infusion of over Rs 20,000 Crore
Sovereign guarantee for long term bonds of Rs 15,000 Crore
Union Government to bear cost of attractive VRS
Posted On: 23 OCT 2019 4:58PM by PIB Delhi
The Union Cabinet today approved the proposal for revival of BSNL and MTNL by administrative allotment of spectrum for 4G services, debt restructuring by raising of bonds with sovereign guarantee, reducing employee costs, monetisation of assets and in-principle approval of merger of BSNL & MTNL.
The following was approved by the cabinet:-
Administrative allotment of spectrum for 4G services to BSNL and MTNL so as to enable these PSUs to provide broadband and other data services. The said Spectrum will be funded by the Government of India by capital infusion in these PSUs at a value of Rs 20,140 Cr in addition; the GST amount of Rs 3,674 Cr to this spectrum value will also be borne by the Government of India through Budgetary resources. By using this spectrum allotment, BSNL and MTNL will be able to deliver 4G services, compete in the market and provide high speed data using their vast network including in rural areas.
BSNL and MTNL will also raise long-term bonds of Rs 15,000 Cr for which sovereign guarantee will be provided by the Government of India (GoI). With the said resources, BSNL and MTNL will restructure their existing debt and also partly meet CAPEX, OPEX and other requirements.
BSNL and MTNL will also offer Voluntary Retirement to their employees, aged 50 years and above through attractive Voluntary Retirement Scheme (VRS), the cost of which will be borne by the Government of India through budgetary support. The ex-gratia component of VRS will require Rs. 17,169 Cr in addition, GoI will be meeting the cost towards Pension, Gratuity and Commutation. Details of the scheme will be finalised by BSNL/MTNL.
BSNL and MTNL will monetise their assets so as to raise resources for retiring debt, servicing of bonds, network upgradation, expansion and meeting the operational fund requirements.
In-principle merger of BSNL and MTNL
It is expected that with the implementation of said revival plan, BSNL and MTNL will be able to provide reliable and quality services through its robust telecommunication network throughout the country including rural and remote areas.
REVIVAL OF BSNL IS MOVING IN POSITIVE DIRECTION
DATE: 10/ 10
As per Bsnl Executive Associations web sites, the discussions regarding BSNL Revival Package are going on in the positive direction and it is expected that the proposal is likely to be approved by the Cabinet in the 4th week of October 2019 i.e., before Deepawali. Other news are not authentic.
BSNL CORPORATE OFFICE PRESS RELEASE <<<Click here for letter>>>
5% DA INCREASE TO DOT PENSIONERS
DATE: 9/ 10
The Union Cabinet today approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2019 representing an increase of 5% over the existing rate of 12% of the Basic pay / Pension, to compensate for price rise. This will benefit about 49.93 lakh Central Government employees and 65.26 lakh pensioners.
PENSION ADALAT 0N 22.11.2019 AT KUMBAKONAM
DATE: 8/ 10
PENSION ADALAT FOR 11 SSAs 1.KUMBAKONAM, 2.THANJAVUR, 3.TRICHY, 4.CUDDALORE, 5.PONDICHERRY, 6.TIRUNELVELI, 7.TUTICORIN, 8.MADURAI, 9.KARIKUDI, 10.NAGERCOIL, 11.VIRUDHUNAGAR will be held ON 22.11.2019 FRIDAY, AT CONFERENCE HALL, 1ST FLOOR,BESANT ROAD, O/O GM , BSNL, KUMBAKONAM at 10.30 hrs. (The remaining SSAs will be covered in the adalat to be held in due course.)
The Pensioners/Family Pensioners of the above SSAs may send their representations/grievances to the undersigned for scruitiny and remedial action on or before 21-10-2019 in the format which can be downloaded from the website www.ccatn.gov.in and e.mail id for communicating grievances will be firstname.lastname@example.org
<<< 06.10.2019 Pension Adalat for Tamilnaducircle on 22.11.2019>>>
REVISED IDA FROM 1.10.2019
DATE: 8/ 10
DEPARTMENT OF PUBLIC ENTERPRISES ISSUED REVISED IDA ORDERS @ 152% W.E.F 1.10.2019 ( AN INCREASE OF 5.3% FROM 146.7%) VIDE No.W-02/0002/2014-DPE(WC)-GL-XXI/19 DATED 7.10.2019
<<08.10.2019 DPE ORDER ON IDA 1.10.2019>>