Wednesday, October 28, 2020
More

    Latest Posts

    Kitchen Scramble: Cooking Game

    In Kitchen Scramble, anybody can cook dinner every kind of dishes from breakfast to dessert! Fulfil your goals of proudly owning a meals...

    Flappy Golf 2

    The sequel to the insanely addicting Flappy Golf is right here! Featuring the programs of Super Stickman Golf 3. Play our well-known Race...

    Block Puzzle – Classic

    Remember outdated days while you was a baby and play many fascinating puzzles sport. Block Puzzle - Classic is a basic and pleasurable puzzle...

    TunnelBear VPN & Wifi Proxy

    TunnelBear VPN is a free, extremely easy app to browse the Internet privately and securely. The stunning TunnelBear app protects your on-line privateness, helps...

    Preparation / Auction of Property Worth Rs 37500 Crores of BSNL-MTNL, Entrusted to Private Consultancy Firm




    • The central government has started the process of landholding of BSNL and MTNL.
    • Both companies have been incurring losses continuously for the last several years.

    New Delhi. The process of selling assets of Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited (BSNL) i.e. asset monetization has been greatly accelerated. The central government has started the process of landholding of BSNL and MTNL. In its first phase, the Department of Investment and Public Asset Management (DIPAM) has entrusted consultancy firms CBRE Group, Jones Lang LaSalle (JLL), and Knight Frank to explore possibilities of selling properties in Corona Works. They will submit their report by the end of this month.

    Property worth Rs 37500 thousand crores will be sold
    MTNL and BSNL have to sell assets worth Rs 37500 crore. The property would include the company’s vacant land and buildings. The money received from this sale will be used to improve the company’s financial condition.

    Revival plan was announced in October 2019, for the revival of
    loss-making state-run telecom BSNL and MTNL, the central government approved a revival plan of 70,000 crores in October this year. This included the announcement of merger, sale of assets, and voluntary retirement (VRS) to employees of these two companies. The central government’s aim is to make the unit formed after the merger of the two companies into profitable units within two years.

    Both the loss-making companies
    BSNL incurred losses of about Rs 14,202 crore in 2018-19. There was a loss of Rs 7,993 crore in 2017-18. There was a loss of Rs 4,793 crore in 2016-17 and Rs 4,859 in 2015-16. The company has been running at a loss since 2010. At the same time, MTNL has recorded a loss in 9 years out of the last 10 years.

    Source




    Latest Posts

    Kitchen Scramble: Cooking Game

    In Kitchen Scramble, anybody can cook dinner every kind of dishes from breakfast to dessert! Fulfil your goals of proudly owning a meals...

    Flappy Golf 2

    The sequel to the insanely addicting Flappy Golf is right here! Featuring the programs of Super Stickman Golf 3. Play our well-known Race...

    Block Puzzle – Classic

    Remember outdated days while you was a baby and play many fascinating puzzles sport. Block Puzzle - Classic is a basic and pleasurable puzzle...

    TunnelBear VPN & Wifi Proxy

    TunnelBear VPN is a free, extremely easy app to browse the Internet privately and securely. The stunning TunnelBear app protects your on-line privateness, helps...

    Don't Miss

    Toy Defense 3: Fantasy

    Face the fireplace – dragons are coming! Toy Defense 3: Fantasy encompasses a MAGICAL new world with dashing warriors, fearless archers, artful goblins,...

    Lecturio Medical Education

    Supplement your lessons and put together for USMLE Step 1 & 2 CK, COMLEX Level 1 & 2, and MCAT with video lectures...

    Prank for Kik – Create fake text messages to trick your friends and family

    This app is meant for leisure functions solely. Prank for Kik makes it attainable to create and edit your individual Kik chats to drag...

    Airlines Manager : Tycoon 2018

    CREATE AND MANAGE YOUR OWN AIRLINE : YOU ARE THE CEO ! Airlines Manager, one of the best airline administration recreation ! Start with...

    Bingo! Absolute Bingo Games

    It's BINGO time! Play among the finest FREE Bingo video games on iPhone/iPad! Bingo by Absolute Games is free to play with a...

    Stay in touch

    To be updated with all the latest news, offers and special announcements.