According to the standing committee on telecom, BSNL is likely to suffer a loss of Rs 36.41 billion in 2009-10.

According to the standing committee on telecom, BSNL is likely to suffer a loss of Rs 36.41 billion in 2009-10. Explaining BSNL’s position to the committee, DoT has cited the payment of about Rs 36 billion in arrears to non-executive employees with effect from July 2007 as the main reason for the dip in BSNL’s balance sheet. Other reasons for these losses are the tariff reduction and a sharp decline in landline revenues.