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BSNL requests government to provide budgetary support for its revival

June 24, 2019
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Bharat Sanchar Nigam Limited (BSNL) has written to the government seeking immediate cash infusion. The move has been undertaken as the operator is struggling to continue operations and manage the Rs 8.5 billion salary liability due for June 2019 as the outstanding liabilities of Rs 130 billion have made its business unsustainable.

Further, the state-run operator has also sought the government’s advice on the next course of action to be undertaken.

The developments are a result of the company’s excessively high employee costs, poor management functioning, unwanted and often misdirected government interference, and delays in modernisation plans.

Moreover, the organisation also emphasised on a performance-based mechanism for BSNL employees so that good performers can be rewarded and non-performers be made accountable.

 
 
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