-AIBSNLEA Saturday, August 20, 2011 07:18:27 AM ) Viability of BSNL : We appreciated his efforts in arresting BSNL's declining trend and increasing the revenue. CMD mentioned that we all are to make more collective efforts to earn more revenue to overcome the losses. He mentioned that in the 1st quarter BSNLs growth has increased 10% whereas in Telecom sector the overall growth is 6.5% but it has been neutralized due to increase in staff wages . He apprised that this financial year, BSNL will be posting a loss of about Rs.6,000 crores and if he same trend goes in the next financial year the loss may be about Rs. 9000 crores; which will be a very bad situation and company will come under the preview of BIFR wherein BSNL will not be able to take any decisions regarding procurement as well as staff matters. He also mentioned that if the present situation continues, after two months it will be very difficult to disperse pay and allowances to staffs and for this purpose no banker will come forward for loan. To over come this situation, he impressed upon to take some hard decisions for reducing the expenditures by stopping some allowances and facilities. He further explained that already lot of financial cuts has already been imposed on operational expenditure and further any cut may hamper the services. We apprised him that still lot of expenditure is being incurred in TA/DA and marketing area which may reduced by adopting Video Conferencing and spending money in marketing area only on beneficial businesses. d) VRS : CMD mentioned that efforts are being made to finalize an attractive VR Scheme for BSNL employees for which we have requested Govt. to provide Rs. 18 to 20 Thousands crores financial help. He explained that the employees who will be opting VRS, they will be given opportunity to continue with BSNL as business associates, franchisee, contract work for maintenance of exchanges and outdoor plant etc. It is possible only when BSNL get funds from Government in terms of equality or any other mod
-AIBSNLEA Saturday, August 20, 2011 07:18:27 AM ) Viability of BSNL : We appreciated his efforts in arresting BSNL's declining trend and increasing the revenue. CMD mentioned that we all are to make more collective efforts to earn more revenue to overcome the losses. He mentioned that in the 1st quarter BSNLs growth has increased 10% whereas in Telecom sector the overall growth is 6.5% but it has been neutralized due to increase in staff wages . He apprised that this financial year, BSNL will be posting a loss of about Rs.6,000 crores and if he same trend goes in the next financial year the loss may be about Rs. 9000 crores; which will be a very bad situation and company will come under the preview of BIFR wherein BSNL will not be able to take any decisions regarding procurement as well as staff matters. He also mentioned that if the present situation continues, after two months it will be very difficult to disperse pay and allowances to staffs and for this purpose no banker will come forward for loan. To over come this situation, he impressed upon to take some hard decisions for reducing the expenditures by stopping some allowances and facilities. He further explained that already lot of financial cuts has already been imposed on operational expenditure and further any cut may hamper the services. We apprised him that still lot of expenditure is being incurred in TA/DA and marketing area which may reduced by adopting Video Conferencing and spending money in marketing area only on beneficial businesses. d) VRS :
ReplyDeleteCMD mentioned that efforts are being made to finalize an attractive VR Scheme for BSNL employees for which we have requested Govt. to provide Rs. 18 to 20 Thousands crores financial help. He explained that the employees who will be opting VRS, they will be given opportunity to continue with BSNL as business associates, franchisee, contract work for maintenance of exchanges and outdoor plant etc. It is possible only when BSNL get funds from Government in terms of equality or any other mod