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DoT once again knocks on finance ministry's door to repay MTNL debt

The total outstanding dues to the PSBs of MTNL is Rs 8,415.55 crore

DoT, MTNL, CPSEs, public sector banks, Finance Ministry
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Union Bank of India is the first to classify the MTNL loan as an NPA in August 2024 while Indian Overseas Bank is the last one classifying the loan as bad debt in February this year

Harsh KumarAsit Ranjan Mishra New Delhi

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After the finance ministry rejected a department of telecom (DoT) proposal for a partial debt waiver on the outstanding dues of Mahanagar Telephone Nigam Limited (MTNL), the DoT has once again approached the ministry seeking funds to repay the liabilities.
 
“The DoT has sent a proposal to the finance ministry seeking additional funds. The ministry is yet to take a call. It should be doing something with MTNL’s assets. DoT should come up with a clear cut plan,” a senior government official said.
 
Queries emailed to the finance ministry and the telecom department didn't elicit any response till the time