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\"We are comfortable...We will be able to pay salaries on time this month,\" Shrivastava told .\n
The salary tab of nearly Rs 900 crore would be supported by receivables from mobile, broadband and enterprise businesses, he said. The telecom PSU, which has 1.68 lakh employees, faced a problem in clearing staff salaries for February.\n
The government last month extended an approval and letter of comfort for the PSU to avail loans of up to Rs 3,500 crore from banks for working capital needs - a move that is expected to spell relief for the company battling intense liquidity pressure.\n
Shrivastava said following the approval and letter of comfort from DoT, the company has tied up with SBI for a loan of about Rs 1,500 crore, recently. \n
The rest of the amount would be availed depending on the company's requirements, he said adding that talks were on with multiple banks.\n
\"With the letter of comfort, we can approach banks for loans of up to Rs 3,500 crore. While loans of up to Rs 1,500 crore have been tied up, for the balance, we will take as needed, maybe by July this year,\" Shrivastava said.\n
The loan from SBI is short-term borrowing, he said.\n
\"This will be used for operational expenditure and working capital needs. We have sufficient land assets and net worth to support our borrowing,\" he said.\n
Earlier this month, BSNL said its management is making all efforts to ease liquidity pressure on the company, and expects normalcy to be restored by September quarter of 2019-20.\n
BSNL Director had shot off a letter to all Chief General Managers of telecom circles on May 16, flagging the \"fiercest ever competition\" being faced by the telecom sector and said \"predatory tariff offerings by the competitors\" have triggered sharp decline in revenue from services.\n
BSNL and another distressed telecom PSU MTNL<\/a> are saddled with massive debt and have faced problems in clearing staff salaries in the recent past.
The government is in the process of working out a rescue plan for the two in form of a revival package that entails components like Voluntary Retirement Scheme, asset monetisation, and allocation of 4G spectrum.<\/body>","next_sibling":[{"msid":69519708,"title":"India\u2019s global rank in mobile speeds slips to 121 from 112 over a year: Ookla","entity_type":"ARTICLE","link":"\/news\/indias-global-rank-in-mobile-speeds-slips-to-121-from-112-over-a-year-ookla\/69519708","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":69520613,"entity_type":"ARTICLE","title":"Confident of timely payment of salary for May: BSNL Chief","synopsis":"State-owned BSNL is confident of making timely payment of staff salaries for the month of May, Chairman and Managing Director Anupam Shrivastava said Monday.","titleseo":"telecomnews\/confident-of-timely-payment-of-salary-for-may-bsnl-chief","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2019-05-27 16:13:48","lastupd":"2019-05-27 16:13:48","breadcrumbTags":["BSNL","Anupam Shrivastava","MTNL","DoT","Industry"],"secinfo":{"seolocation":"telecomnews\/confident-of-timely-payment-of-salary-for-may-bsnl-chief"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2019-05-27" data-index="article_1">
“我们很高兴…我们将能够按时支付工资这个月,”Shrivastava告诉。
近900卢比的薪水选项卡将由应收账款移动、宽带和企业业务,他说。1.68电信事业单位,多数员工,面临的一个问题为2月结算员工工资。
上个月政府延长审批和安慰信事业单位利用贷款高达3500卢比从银行营运资金需求,此举预计将法术减免公司对抗强大的流动性压力。
Shrivastava说批准后,从点安慰信,公司已经与印度国家银行贷款约为1500卢比,最近。
其余的数量将会利用根据公司的需求,他补充说,会谈是在与多个银行。
“安慰信,我们可以银行贷款高达3500卢比。而贷款高达1500卢比已经占用,平衡,我们将根据需要,也许今年7月,”Shrivastava说。
印度国家银行的贷款是短期借款,他说。
“这将用于运营支出和营运资金需求。我们有足够的土地资产和净资产来支持我们的借款,”他说。
本月早些时候,BSNL表示,其管理是对公司尽一切努力来缓解流动性压力,并预计正常恢复2019 - 20的季度。
BSNL导演拍摄了一封信给所有电信首席总经理圈5月16日,萎靡不振的面临的“激烈的竞争”是电信业,说“掠夺性的关税产品竞争对手”引发了从服务收入急剧下降。
BSNL和另一个陷入困境的电信事业单位MTNL背负着巨额债务和面临的问题在结算员工工资在最近的过去。
政府正在制定救援计划的两个形式的复兴计划,需要组件,如自愿退休计划资产货币化,4 g频谱分配。
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