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MTNL to get financial assistance to meet MAT liability

 
The government today approved a DoT proposal for providing one-time financial support to state-run telecom company MTNL for meeting liabilities arising from levy of minimum alternate tax (MAT). The Cabinet Committee on Economic Affairs ( CCEA), which is headed by Prime Minister Narendra Modi, has given it approval to the proposal, an official statement said today. "This decision will help MTNL keep floating in the highly competitive telecom sector. It will also help MTNL arrange finances to meet its basic financial commitments like operations and maintenance of their telecom network," it added.
MTNL reported a book profit of Rs 2,348.49 crore for 2013-14, resulting in a MAT liability of Rs 492.26 crore.  The objective of this approval is providing a one-time financial support to MTNL due to reimbursement of MAT during the financial year 2014-15 through requisite budgetary provisions, the statement added.


 
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News & Views
WE DEEPLY MOURN THE DEMISE OF SHRI KUSHI RAM KUPRUWAN, FATHER OF SHRI MADAN KUMAR TREASURER OF PSENC. HE WAS 84 YEARS OLD AND WAS AILING FOR SOME TIME PAST. WE CONVEY OUR HEART FELT CONDOLENCES TO THE FAMILY OF SHRI MADAN JI.

THE DEPARTMENT OF PUBLIC ENTERPRISES HAS RELEASED IDA ORDERS FROM OCTOBER 2014.  AS PREDICTED BY THIS SITE, THE IDA INCREASES BY 6.8%.. FOR DETAILS SEE LINK ORDERS


IDA DUE FROM 1.10.2014 IS 6.8%. TOTAL IDA DUE IS 98.16%

WE EXTEND GREETINGS ON THE OCCASION OF VISHWAKARMA JAYANTHI


9.9.2014.  The MTNL Mazdoor Sangh has given a notice to the management for agitation on several long pending issues.  The management appealed to the union to call off the agitation. In a letter addressed to the General Secretary which is placed in the link circulars, the management has agreed to consider some of the issues and discuss with the union with regards to some other items. 


The General Secretary MTNL Mazdoor Sangh Shri Dharam Raj has led a delegation of MTNL office bearers to Shri Ravi Shankar Prasad, Hon'ble Minister for Communications and congratulated him. The Hon'ble Minister assured to call a meeting of the union's representtives for an in depth discussion over MTNL affairs.


The Government of India has issued Gazettee notification with regards to Pension for MTNL absorbed employeed. For details see link Orders.


The Unioon cabinet which met today has approved the pension scheme for MTNL employees at par with BSNL employees. Congratulations to all


FINALLY SOME GOOD NEWS TO THE BSNL AND MTNL EMPLOYEES. THE UNION CABINET WHICH MET TODAY HAS APPROVED FOR REFUND OF BB WIRELESS SPECTRUM CHARGES DUE TO BSNL AND MTNL.


The Notice for the Federal Council of Indian Telecom Employees Federation to be held on 21 and 22 November at Naik, Maharashtra is issued and is kept in the link CWC Meetings.


30.9.2013: The Consumer Price Index for Industrial Workers for the month of August 2013 increased by just 2 points as against the expected 4 points. The IDA increase with effect from 1st October 2013 will thus  be 6.6%, i.e., a total IDA of 85.5%.


18.9.2013: The two representative unions in MTNL i.e. MTNL Mazdoor Sangh in Delhi and the MTNKS union representing MTNL Mumbai have entered into an agreement with the MTNL Management with regards to Pension issue at par with the BSNL employees. The agreeemnt was signed on 3.9.2013.  A section of the press has crried out a story line that over 30 unions have entered into an agreement with the management which is grosly inacurate.  Copy of the agreement is placed in the link Circulars.


12.9.13. The case filed by MTNL Mazdoor Sangh with regards to grant of additional IDA of 9.4% will come up for hearing on 12.9.13.


12.9.13. The process of selection of CMDs for MTNL and BSNL will be with DPE instead of the search committee.


30.9.2013: The All India Conference of the Bharatiya Telecom Employees Union (BSNL) will be held at Nasik (Maharashtra) on 21 and 22 November 2013.


14.8.2013: MTNL Mazdoor Sangh wishess one and all a very happy and prosperous 66th INDEPENDENCE DAY.


7.8.2013: MTNL  has a good internet penetration in India while BSNL leads the market with highiest internet penetration in India. TRAI has revealed the data of top Internet service providers in India in the first quarter of 2013. BSNL continues to lead the Internet (broadband) service provider market with 60.74 percent share. The state-run BSNL has 13.12 million Internet subscribers at the end of March 2013, TRAI said. This telecom statistics does not include Internet accessed by mobile phones. The second largest player — Reliance Communications has 2.49 million Internet users followed by MTNL with 1.96 million internet users in India.

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