October 24, 2019 7:22 AM
BSNL, MTNL revival plan approved by Union govt
The government today approved a revival plan for BSNL and MTNL, announcing that neither the two companies are being closed nor disinvested. Briefing reporters about the cabinet decision, Communications and IT Minister Ravi Shankar Prasad said, the Cabinet has approved a revival plan and gave in-principle approval for the merger of BSNL and MTNL. He said, under the revival plan, 15 thousand crore rupees sovereign bonds will be raised and 38 thousand crore rupees assets monetised. Mr Prasad said, ...