Newdelhi:23/10/19:The government today approved a revival plan for BSNL and MTNL, announcing that neither the two companies are being closed nor disinvested.
Briefing reporters about the cabinet decision, Communications and IT Minister Ravi Shankar Prasad said, the Cabinet has approved a revival plan and gave in-principle approval for the merger of BSNL and MTNL.
He said, under the revival plan, 15 thousand crore rupees sovereign bonds will be raised and 38 thousand crore rupees assets monetised.
Mr Prasad said, attractive voluntary retirement scheme packages will be offered to the employees of the company. He said, the two companies are strategic assets of India.