70% of MTNL’s revenue goes in paying salaries and pensions

Estimated annual expenditure comes to Rs 129.63 crore for pensioners and Rs 24.93 crore for family pensioners

GN Bureau | August 6, 2016


#Manoj Sinha   #MTNL  


State-run MTNL spends 70 percent of its revenue on salaries and pension of its staff, communications minister Manoj Sinha told Rajya Sabha on Friday. The minister said that this has affected the financial condition of once profit-making telecom company.

The estimated annual expenditure comes to Rs 129.63 crore for pensioners and Rs 24.93 crore for family pensioners approximately, he said. Arrears upto 2015-16 would be Rs 369.55 crore for pensioners and Rs 69.55 crore for family pensioners approximately, the minister added.

He also said that the cabinet has approved the revision of pension of BSNL pensioners, who retired prior to June 10, 2013 at par with serving employees of BSNL.
 

Comments

 

Other News

“Indians, yet treated like outsiders”

Moving to Delhi-NCR for education can be an exciting experience for students from Northeast India. It gives us a chance to meet new people, experience a different culture and become more independent. But living away from home also comes with challenges that people who have not experienced them may not al

Import duty on major edible oils cut

The government has reduced the Basic Customs Duty (BCD) on major imported crude edible oils with a view to moderating domestic edible oil prices, providing relief to consumers and mitigating inflationary pressures arising from the sharp increase in international edible oil prices.  

From pyramid to platform: BRICS agenda for Global South

In his opening address at the 18th BRICS Summit in New Delhi on September 12, prime minister Narendra Modi did something India`s diplomacy has been building towards for three years: he moved the ‘Voice of the Global South’ from a slogan to a work plan. Addressing the leaders, he argued that t

How to realise the full transformative potential of PM-JAY

The Pradhan Mantri Jan Arogya Yojana (PM-JAY), a welfare scheme which covers approximately 45 crore beneficiaries across India, provides cashless health cover of Rs. 5 lakh per family per year. It is the largest health insurance scheme which helped crores of poor families by reducing out-of-pocket expend

The missing men in India`s family planning story

Every pregnancy requires two people. Yet India`s family planning programme continues to ask only one of them to bear almost all of its medical consequences. The newly released National Family Health Survey-6 (2023-24) confirms just how entrenched this asymmetry remains: 36.5% of currently married women a

`Development must be judged beyond GDP, with rights and justice at core`

Delivering the IXth Chief Justice M.C. Chagla Memorial Lecture on ‘Human Rights and Sustainable Development Goals’, in Mumbai Friday,  former Chief Justice of India Bhushan R. Gavai questioned whether conventional economic indicators such as gross domestic product (GDP), national income,

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter