BSNL Board declares that BSNL is cash negative from November, 2010. Decides to borrow Rs 3,000 Cr from finacial institutions to meet its expenditure on salary and other day to day operating expenditure. Also decides to borrow Rs 11,000 Cr for the next financial year 2011-12 to meet its expenditure on salary and other day to day operating expenditure-from SNEA
Our comments: This news is not a shocking one. Already many companies in India are having huge debts and making profits.
BSNL was formed due to various compulsions.
Staff were recruited based on justifications during the year 1970s and 1980s.
Today, what is the need for BSNL to cater rural areas?
Only BSNL has to cater rural areas and not other private operators.They are ready to pay levy for not rolling of telecom operations.
We must join together to fight to get refund for maintaining rural services from the govt. Or we can go out of rural areas.
Loss is mainly due to operational costs of rural areas.
Less tariff, problems galore in getting equipments. etc.
There is no point in commenting huge work force. Becasue BSNL was formed from DoT.Moreover it is also not fair to compare BSNL to other public sectors as we have to cater common people.
So we all try to increase revenue to BSNL.
Still BSNL lacks in various fields.
Loss is only temporary and we can make it to a profitable one if all united work.
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