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Union Government approved BSNL, MTNL revival plan

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.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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