There will be huge relief for those who are working in BSNL & MTNL , as both the PSU will be merged, MTNL will be merged with BSNL Minister of IT & Communications Mr,Ravishankar Prasad said.
MTNL & BSNL will be merged
Announcing a four step revival plan for the two companies, government wants to make the two state-owned telecom companies more competitive by putting in Rs 29,937 crore.
Prasad said the government will raise Rs 15,000 crore through sovereign bonds. “Assets worth Rs 38,000 crore will be monetisated in four years,” Prasad added.
Employees above the age of 53 will be offered a voluntary retirement plan 125% remuneration of the salary , Pension and graduity till the age of 60 ,Minister also said that 4G spectrum would be allocated to them at 2016 prices.
Mr.Prasad asked the enployees to give their best efforts to make the company profitable.
Today when the Govt of PM @narendramodi has given such a liberal revival package to BSNL and MTNL, I urge the employees of both the companies to work hard to make these entities profitable and professional. pic.twitter.com/rMG6YL0RJw — Ravi Shankar Prasad (@rsprasad) October 23, 2019
Mr.Ravishankar Prasad in his pressconference on 23.10.19