Public Enterprises Survey: Air India, MTNL, BSNL highest loss makings PSUs in FY19

On February 10, 2020, the Department of Public Enterprises operating under Ministry of Heavy Industries tabled the “Public Enterprises Survey” on the parliament. The report says that the net profit from the PSUs has increased by 15.5% as compared to the previous year. Highlights The survey said that Indian Oil Corporation, NTPC and ONGC were ..

Month: Current Affairs - February, 2020

Category: Reports & Indexes Current Affairs

Topics: Air India • BSNL • BSNL. MTNL • Central Public Sector Enterprises • India Oil Corporation • NPA • ONGC • PSUs • public enterprises survey

GoM constituted to fast track revival plan of BSNL

On December 27, 2019, GoI constituted a 7-member group of ministers to fast track the implementation of revival plan of BSNL and MTNL. The revival plan includes allocation of 4G spectrum and asset monetization. Earlier, GoI approved the revival plan of merging BSNL and MTNL. Highlights The seven-member group of ministers include Defence Minister Raj ..

Month: Current Affairs - December, 2019

Topics: 4G service • Ad Hoc Committee • BSNL • BSNL. MTNL • Group of Ministers • Mergers and Acquisition • Transaction of Business Rules of 1961

BSNL Revival Plan

The Union Cabinet on October 23, 2019 approved the proposal for revival of BSNL and MTNL. It allotted the 4G spectrum to the institutions. The MTNL will act as a subsidy to BSNL. A four-step revival plan has been announced for BSNL. Also, the GoI plans to raise Rs 15,000 crore through sovereign bonds. Significance ..

Month: Current Affairs - October, 2019

Topics: 4G service • 5G • BSNL • BSNL. MTNL • Disinvestment • Mergers and Acquisition • Strategic Disinvestment

Short Note – Privatization in India

Privatization can be described as the transfer of state-owned enterprises (SOEs) to the private owners. SOEs in India include various public sector undertakings (PSUs), State enterprises and banks. It has been described by most economists as the need of the hour and has become a common economic policy tool around the globe. However, the increasing ..

Topics: BSNL • Disinvestment • Economy • Privatization

BSNL to Offer Data Connectivity Services via SMS in India

BSNL has signed a partnership agreement with the French company Be-Bound to offer data connectivity through SMS in areas where there is no Internet connectivity or signal breaks. How it will work? The working of technology is explained below: The SMS based data connectivity will work with the help of a technology embedded in a ..

Month: Current Affairs - January, 2019

Category: Science & Technology Current Affairs

Topics: Be-Bound • BSNL • data connectivity • France • SMS based data