Government Has Approved Revival Package for BSNL and MTNL In order to revive the loss-making telecom operators, the government has already rolled out a four-way revival plan which will ensure the viability of the loss-making operators. Also, the revival package will boost up the morale of the employees who have been indulged in various strikes to get their salaries on time. As of the revival package, the government will approximately raise Rs 15,000 crore by issuing sovereign bonds. Not only this, but the government is also planning to monetise assets worth Rs 38,000 crore in the period of four years. To make sure BSNL and MTNL retain in the market, the government will also allocate 4G spectrum, which would be done with base prices of 2016. BSNL is promising to launch 4G services very soon. VRS Scheme Will Revive BSNL and MTNL As per the reports, it is expected that the loss-making companies will almost save Rs 8,800 crore from the VRS scheme. Nearly, 78,569 employees of BSNL and 14,000 employees from MTNL have opted for Voluntary Retirement Scheme. It is also expected that the reduction in the number of working employees will reduce the financial burden from the companies as wage bill will be reduced drastically, which will result in financial aid. Currently, the wage bill stands at Rs 14,000 crore, which might be reduced to approximately Rs 7,000 crore. It Is predicted that the four-way revival plan made by the government will help the loss-making companies to get back in the telecom market. Yet, the government has just rolled out the VRS scheme. Also, the encashment of assets is moving at a slow pace.
