BSNL to clear February wage of workers by Friday, says CMD Anupam Shrivastava - The Hindu - workers, shrivastava, hindu, friday, february, clear, anupam

BSNL Chairman and Managing Director Anupam Shrivastava.
  | Photograph Credit score: Kamal Narang



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BSNL has 1.76 lakh workers throughout India and MTNL has round 22,000.

Public sector telecom agency BSNL will clear salaries of all workers for February month by Friday, its Chairman and Managing Director Anupam Shrivastava stated on Thursday.

“BSNL can pay wage of all workers by tomorrow. We’re grateful to telecom minister Manoj Sinha for his well timed intervention to make sure that salaries of workers are paid on the earliest,” the BSNL CMD stated.

He stated that income receipt of BSNL is normally increased in March and inner accruals have began flowing in.

“We anticipate complete accruals of ₹2,700 crore in March of which ₹850 crore might be used for wage disbursement,” Mr. Shrivastava stated.

He stated that BSNL is the one participant, other than Reliance Jio, which is including new subscribers that has result in increased income accruals.

“Minister took lead and straight monitored state of affairs to resolve the disaster. I’m additionally grateful to BSNL workers who ensured that the providers are working,” Mr. Shrivastava stated.

He stated that DoT helped BSNL with Presidential Sanction to fulfill working capital of the corporate and a letter of consolation for a similar was issued to the corporate on Wednesday.

“We’ll serve letter of consolation to financial institution tomorrow following which they are going to begin processing quantity of ₹3,500 crore to working capital requirement of BSNL,” Mr. Shrivastava stated.

He stated that with assist of DoT there might be no delay in wage disbursement in coming months.

Telecom PSUs BSNL and MTNL are going through troubles in clearing employees’ salaries for February month.

An official had instructed PTI on Wednesday that the DOT had launched pending dues of ₹171 crore to cash-strapped MTNL for paying February salaries to workers.

BSNL has 1.76 lakh workers throughout India and MTNL has round 22,000. It’s estimated that 16,000 MTNL workers and 50 per cent of BSNL workers will retire within the subsequent 5-6 years.