NITI Aayog says no proposal for MTNLS’s disinvestment or closure

Amitabh Kant has assured that there won't be any unprecedented move against MTNL or its employees

GN Bureau | October 28, 2016


#PMO   #Amitabh Kant   #MTNL   #Niti Aayog   #DoT  


 The government has ruled out the disinvestment plan for state-run Mahanagar Telephone Nigam Limited (MTNL), for the time being. After massive protests by employees' union of MTNL, NITI Aayog has cleared the air, saying that as of now there is no proposal of strategic sale or closure of the government-run telecom firm, according to a news report published in The Pioneer.

After media reports of the MTNL's strategic sale, followed by the government's move for the same in a select few loss-making PSU units, employees of MTNL panicked. They appealed to the prime minister's office (PMO), NITI Aayog, telecom ministry and department of telecommunication (DoT) for its revival.
 
Niti Aayog Chief Executive Officer (CEO) Amitabh Kant in a letter has assured that there won't be any such unprecedented move against MTNL or its employees, but he had never mentioned any way out or revival mechanism for a long-term sustainability plan of the continuous loss-making firm. 
 
However, according to the news report there is still no clarity on the fate of MTNL as the proposal of disinvestment or strategic sale of MTNL is still pending in the PMO for consideration. 
 
The PSU telecom firm, which offers services in Delhi and Mumbai, has been without a full-time CMD since May 30, 2014, when AK Garg retired from the post. However, PK Purwar, director (finance) of MTNL was given additional charge for the post from June 2014. From June 2015 to June 2016, NK Yadav, who is member (services), held the charge. Purwar was again given the additional charge in June 2016, after completion of Yadav's tenure. 
 
For this key post, the government had sought suitable candidates who were required to submit their applications before September 8, 2016. Purwar's name had been recommended for the MTNL's top post by the PESB in November 2013, but the government did not go ahead with the recommendation.
 

Comments

 

Other News

The dirt in the diamond trade

The dazzling diamond trade has been hit hard by the Nirav Modi episode, which saw the billionaire jeweller flee India just before a massive fraud amounting to Rs 11,000 crore was detected at a Punjab National Bank branch in Mumbai. But, Nirav Modi is not the only diamond tycoon who has been

PM lays foundation stone for Navi Mumbai International Airport

PM Narendra Modi on Sunday laid the foundation stone for Rs 16,700 crore Navi Mumbai International Airport. The first phase of the construction is expected to be completed by December 2019. The project is going to be implemented 21 years after it was first proposed. The airport is likely to handle 10 milli

Health groups irked by the SC order on vaccine PSUs

Health groups have expressed their disappointment with a February 12 order of the supreme court, refusing to review or recall an earlier order disposing off a case against the mala fide suspension of the vaccine public sector units (PSUs) and government’s tendency to pamper private sector with public

Cut government stake below 50% in banks: Assocham

The Punjab National Bank`s fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 percent in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountability to their sha

Tightrope walking meets poll dance

Budget 2018, forecast to be a “please all” budget, has come out as a “disappoint all” budget. The public is looking askance at a budget that gives with one hand but takes away with both, the Sensex has gone into a tailspin and the pink papers are issuing dire warnings.

Should public sector banks be privatised?

Should public sector banks be privatised?

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter