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

Is the US a superpower anymore?

On April 8, hours after warning that “a whole civilisation will die tonight,” US president Donald Trump, exhibiting his unique style of retreating from high-voltage brinkmanship, announced that he agreed to a two-week ceasefire with Iran. The weekend talks in Islamabad have failed and the futur

Machines communicate, humans connect

There is a moment every event professional knows—the kind that arrives without warning, usually an hour before the curtain rises. Months of meticulous planning are in place. And then comes the call: “We’ll also need a projector. For the slides.”   No email

Why India is entering a ‘stagflation lite’ phase

India’s macroeconomic narrative is quietly shifting—from a rare “Goldilocks” equilibrium of stable growth and contained inflation to a more fragile phase where external shocks are beginning to dominate domestic policy outcomes. The numbers still look reassuring at first glance: GDP

Labour law in India: A decade of transition

The story of labour law in India is not just about laws and codes, but also about how the nation has continued to negotiate the position of the workforce within its economic framework. The implementation of the Labour Codes across the country in November 2025 marks a definitive endpoint in the process. Yet

Time for India to build genuine resilience in energy security

There is a strip of water barely 33 kilometres wide between Iran and Oman that connects the Persian Gulf to the rest of the world`s oceans. For most of India`s history, it was a distant geographic fact. Since late February, it has been a kitchen problem.   The Strait of Hormuz. T

Will an oil price shock crash the global economy?

As tensions rise between Iran and Israel, the potential for ongoing disruption in the Strait of Hormuz has driven global energy markets very unstable. With crude prices climbing towards $140 per barrel, the world is facing its most significant oil shock since 1973.   However,


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter