BSNL, MTNL launch free night calling to win back consumers lost to mobile boom
The government last month had approved a plum Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and offering VRS to employees so that the combined entity turns profitable in two years.
The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the fund managers said.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
The list is of companies declared sick as on March 31, 2014.
'Once we are past this electoral season, during which all promises are presented as free lunches, could we bring such non-populist issues into focus?' 'Like fixing the problems of the public sector?' points out T N Ninan.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
BSE PSU index rallies 10% in one month; nearly a third of the stocks on the index has gained 20% over the period
The Mahanagar Telecom Nigam Ltd, under its customer-friendly initiatives, has reduced installation charges for new telephone connections to Rs 500 from the present Rs 800, effective April 1.
Rs 200-cr burden likely for TV rating agencies.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
Union minister Ram Vilas Paswan appealed to people to boycott products from China and also directed officials of his ministry not to procure any Chinese products for day-to-day office use while his ministerial colleague Ramdas Athawale said all restaurants and hotels that sell Chinese food in India should be closed down.
For 2100-MHz, 2300-MHz and 2500-MHz bands across circles; aim to offer these with 3G and 4G in February
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
'BSNL employee cost is Rs 14,500 crore and we anticipate that around 80,000 should opt for VRS.'
'Make in India' could suffer the same fate as did privatisation and the command economy, says Ajit Balakrishnan.
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