New Delhi, Jul 17:
The Group of Ministers on revival for MTNL and BSNL, headed by Finance
Minister P Chidambaram, is scheduled to have its second meeting on July
30.
“GoM meeting is scheduled for July 30 at North Block,” a Government official told PTI.
The GoM last met on June 12 when it had initial discussion on rejuvenating two loss making state-run telecom firms.
MTNL reported widening of the net loss to Rs 5,321.12 crore for
financial year 2012-13, compared to Rs 4,109.78 crore in FY’12. BSNL
losses, as per unaudited results, stand at Rs 8,198 crore for 2012-13,
compared Rs 8,851 crore posted in 2011-12.
There are a series of measures that the Department of Telecom has
presented before GoM in the last meeting, including financial support
for both public sector unit, especially spectrum related which amount to
around Rs 22,964 crore, preference to them for providing services to
Government Departments, entry of these PSU’s in broadcast segment among
others.
(This article was published on July 17, 2013)
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