 "70 pc of MTNL's revenue goes to salaries and pension")
Mahanagar Telecom Nigam Limited spends 70 per cent of its revenue on salaries and pension of its staff which has affected its financial condition, Communications Minister Manoj Sinha told the Rajya Sabha on Friday.
Sinha gave this information while replying to questions.
During the Question Hour, he also said that the Cabinet has approved the revision of pension of Bharat Sanchar Nigam Limited (BSNL) pensioners, who retired prior to June 10, 2013 at par with serving employees of BSNL .
The number of such retired employees is over 1,18 lakh and the estimated annual expenditure comes to Rs 129.63 crore for pensioners and Rs 24.93 crore for family pensioners approximately, the minister said.
The estimated additional annual expenditure on this amounts to Rs 129.63 crore for pensioners and Rs 24.93 crore for famuly pensioners approximately, he added.
Arrears upto 2015-16 would be Rs 369.55 crores for pensioners and Rs 69.55 crore for family pensioners approximately, he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%