INSUBCONTINENT EXCLUSIVE:
employees by August 5 from its internal accruals, its CMD P.K
Purwar said on Wednesday."Today is 31st July
We will surely give the salary by (August) 4th or 5th out of internal accruals", Mr Purwar told IANS.In February this year, BSNL had
defaulted on salaries, paying them on March 15 due to tightening revenue conditions
This will be the second time the struggling PSU will fail to pay salaries on time.Since there is no budgetary support from the Finance
Ministry, the Department of Telecommunications is not in a position to give any immediate finance support to BSNL.There was a meeting of
state-run banks with Telecom Secretary on July 22 and there has been some progress in processing of loans and BSNL is trying hard to
disburse the salary for July in the first week of August, another person in the know of the development said."At present, the BSNL
management is clearing some part of pending dues of vendors amounting to over Rs 3,000 crore from internal accruals and thereafter from
internal accruals only, within 10 days or so, they will clear the salary of the employees," All India BSNL Employees Union General Secretary
Prahlad Rai told IANS.Having a monthly salary bill of Rs 850 crore, BSNL is currently passing through one of the worst financial crises and
the government is looking at various options, including voluntary retirement scheme (VRS), its merger with MTNL and giving 4G spectrum to it
as part of resurrecting the public-sector undertakings
However, no decision has so far been taken.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a
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