From a couple of months, BSNL has hogged the limelight for its financial difficulties and its failure to pay salaries for the month of February which created an uproar among the BSNL Unions.
BSNL which was formed in 2000 when DOT ( Department of Telecommunications ) transferred a number of employees to BSNL.
BSNL is currently running in heavy losses (8000 Crore in 2017-18) and is declared as a sick incipient Unit (3 years posting of losses), it was in a profit of 10000 Crore in 2005 and was a Navartna Enterprise.
Unions allege that BSNL Top Management is using exaggerated funds for trips and accomodation, also they have said that Government is not allowing the Company to take loans from Banks and not giving 4G Rights even after its competitors have gained 4G Rights long back.
Due to management excessive spending and no support of Govt in loans, losses have come, as per the Unions of BSNL. It is also to be noted that BSNL Debts are 1/10th of it's competitors.
Do you think BSNL should wind up, merge with MTNL, go private or be revived?
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