Quick Answer: Is BSNL Making Profit?

Is BSNL in profit or loss?

BSNL has incurred a cumulative loss of Rs 17,645 crore between 2015-16 to 2017-18 and its loss in FY 2018-19 is pegged at over Rs 14,000 crore.

The total loss of BSNL in the last four years has been pegged at close to Rs 32,000 crore..

Is BSNL Privatised?

DISPELLING ALL fears of disinvestments, Union Minister of State for Communications and Information Technology Shakeel Ahmad said that no privatization of the State-owned BSNL and MTNL would be done. … “ By March, one lakh more telephone connections will be released in the city,” added the minister.

What is BSNL salary?

Bsnl SalariesJob TitleSalaryAccounts Officer salaries – 5 salaries reported₹ 7,83,041/yrAccount Officer salaries – 5 salaries reported₹ 64,984/moDGM salaries – 4 salaries reported₹ 1,30,816/moTta salaries – 4 salaries reported₹ 4,74,342/yr16 more rows

What is the salary of SDE in BSNL?

The typical Bsnl Sub Divisional Engineer salary is ₹1,01,880. Sub Divisional Engineer salaries at Bsnl can range from ₹34,983 – ₹1,32,363.

Is BSNL JTO a gazetted officer?

BSNL JTO is not a gazetted post now. None of the employees in BSNL is gazetted now because in 2000 the Department of Telecom Services(DTS, which was a unit of central govt) was made a Public Sector undertaking and after that all the employees of DTS had absorbed in BSNL.

Does BSNL have 4g service?

BSNL Mobile has started providing 4G services on in some telecom circles of India. It has deployed LTE Band 1 in those telecom circles, by upgrading its existing 3G towers.

Why is BSNL so important?

Largest Optical Fibre Network in the country As the only national telecom operator, BSNL is not only strategically important for the country but it also has the largest optical fibre network (OFC) in the country.

Why is BSNL making losses?

“Low tariffs due to fierce competition in the mobile segment, high staff cost and absence of 4G services (except in few places) in the data-centric telecom market are the main reasons for losses of BSNL,” Prasad said.

What is the future of BSNL employees?

BSNL may junk VRS plan; all future recruitments to be on contract basis. The wage bill for around 70,000 Bharat Sanchar Nigam (BSNL) employees, who are over 55 years old, will be equally split between the Department of Telecommunications and the Centre, according to a proposal in the works.

Is BSNL getting closed?

NEW DELHI: The government on Thursday assured Rajya Sabha that public sector telecom companies BSNL and MTNL will not be shut down and efforts are being made to revive them soon. … The minister said the revival package contains the core of optimal utilisation of the assets of these companies.

Does Jio use BSNL towers?

NEW DELHI: Reliance Jio is the biggest mobile tower client for state-owned firms BSNL and MTNL, Telecom Minister Ravi Shankar Prasad informed Parliament on Wednesday. … BSNL has rented out 2,761 towers to Airtel, 892 to Vodafone, 941 to Idea Cellular and 127 to Sify, according to the data.

Is Jio taking over BSNL?

With Jio Taking Over Indian Telecom Sector BSNL Topples.

Can BSNL survive in near future?

NEW DELHI: Bharat Sanchar Nigam Limited (BSNL) officers’ group has warned that things may go out of hand, and the state-controlled telco would not survive for long unless the Prime Minister Office (PMO) takes a decision on telco’s revival and facilitates a soft loan for capital as well as operational expenses.

Who is responsible for BSNL loss?

“BSNL started making losses since 2009 after the tenders were cancelled, and the loss is simply due to the policies of the consecutive central governments (the then United Progressive Alliance and current National Democratic Alliance). Between 2000 and 2009, it was making profits of around Rs.

Is BSNL a government job?

Bharat Sanchar Nigam Limited, d/b/a BSNL is an Indian state-owned telecommunications company, headquartered in New Delhi, Delhi, India. It was incorporated by Department of Telecommunications, Ministry of Communications, Government of India on 1 October 2000.

What is BSNL retirement age?

60 yearsWhile the current age of retirement for BSNL employees is 60 years, those aged 55 years will be entitled to a lumpsum payment of 60 months (Remaining five years of service) of their present salary under the VRS scheme. This indicates that each employee opting for the scheme will retire as a millionaire.

Why do BSNL employees take VRS?

The public sector telecom company recently notified a VRS scheme for employees above the age of 50 in an attempt to trim the workforce. “We are the people who work hard to restore mobile connectivity immediately after natural calamities and in the remotest of places in the country.

Will the railway be Privatised?

The latest ‘masterstroke’ of the Modi government is the privatisation of the Indian Railways. On July 1, 2020, the Railway Ministry announced that 151 trains in 109 pairs of routes will be operated by private sectors. … The private train operations will begin by April, 2023.

Is LIC going to be Privatised?

The strategy of LIC disinvestment has been misinterpreted as the privatization of LIC, which is untrue. The government has decided to sell a part of its share in LIC and not full 100% of its share. Therefore, there is no question of why the question of privatization of LIC will come.

Who started BSNL?

Government of IndiaBharat Sanchar Nigam Limited/Founders

Is BSNL employees not getting salary?

The BSNL management employees have not been receiving their salaries on time. The unions and associations have raised this issue multiple times. Even the salary for the month of April 2020, is being disbursed only on May 19. Earlier in 2019, the salaries were pending for more than two months.

What went wrong with BSNL?

The distressed telecom, saddled with a massive Rs13,000 crore debt, has been facing problems in clearing staff salaries. The issue came to light in March, when BSNL defaulted on payments of monthly salaries to around 1.76 lakh employees.

Is BSNL jobs in danger?

Approximately, 54,000 people might lose their job at BSNL as the board of the company has accepted the proposal to lay-off a large number of employees. The news came from Deccan Herald and was reported by ET Telecom. It is noteworthy that the story of BSNL being in heavy losses was already floating in the industry.

Do BSNL employees get pension?

Pension is admissible to permanent employees who retire with a qualifying service of not less than ten years. In case of the BSNL employees, the minimum amount of pension will be Rs. … 1275 p.m. and maximum will be 50% of the highest pay plus Dearness Pay subject to maximum Rs.

What happens if BSNL bill not paid?

You should have went to BSNL office and formally applied for a disconnection. They may wait upto 4-5 months. The late fee is added again and again. After 2-3 months, they’ll disconnect the connection.

Will BSNL survive after VRS?

“We are saving up to 50% or Rs 600 crore monthly on employee cost. … Some 78,569 employees have opted for VRS, and Purwar said the current employee base of 70,000 would be a reasonable number to support the network. BSNL will however continue to meet salary expenses of those retiring till January 31, 2020.