BSNL likely to lay off 54 thousand staff; final decision after polls

News Network
April 3, 2019

New Delhi, Apr 3: State-owned telecom service provider Bharat Sanchar Nigam Limited (BSNL) is likely to cut as many as 54,000 employees as the board of the company has approved a retrenchment plan, according to media reports.

The board is likely to take a final decision on this after the Lok Sabha elections. The telco’s board has given the green signal to three out of 10 suggestions recommended by an expert committee set up by the Centre in the March meeting, the report said citing an unnamed source.

The daily quoted the sources as saying, “Announcing the VRS (Voluntary Retirement Scheme) package or job cuts and shutting down businesses of the telecom firm would have huge implications on employees and ongoing elections. DoT decided to wait and watch.”

Reports earlier mentioned that the Digital Communications Commission (DCC) had in February asked loss-making state-run telecom companies BSNL and Mahanagar Telephone Nigam Limited (MTNL) to explain their revival plan and give an assurance to attain higher revenue for getting financial aid.

At present, BSNL has about 1.76 lakh staff and MTNL, which operates in only Delhi and Mumbai, has around 22,000 staff. It is estimated that 50 per cent of BSNL employees and 16,000 MTNL staff will retire in the next 5-6 years.

The report stated that the proposed job cuts at BSNL represent about 31 per cent of its 174,312 ageing workforce. The proposed retirement scheme will help BSNL to save a total of Rs 13,895 crore over the next six years on the wage bill.

The board has reportedly also okayed suggestions on the reduction of retirement age from the present 60 years to 58 years, and VRS for all staff aged 50 and above and accelerating the allocation of 4G spectrum to BSNL. 

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Agencies
June 12,2020

Google on Friday announced the launch of a new feature on Google Search, Assistant, and Maps for users in India to help them find information on COVID-19 testing centres near them.

The search giant has partnered with the Indian Council of Medical Research (ICMR) and MyGov to provide the information on authorised testing labs.

The feature is currently available in English and eight Indian languages including Hindi, Telugu, Tamil, Malayalam, Kannada, Bengali, Gujarati, and Marathi.

According to the company, users will now see a new "Testing" tab on the search result page providing a list of nearby testing labs along with key information and guidance needed before using their services.

On Google Maps, when users search for keywords like "COVID testing" or "coronavirus testing" they will see a list of nearby testing labs, with a link to Google Search for the government-mandated requirements.

Google said that the Search, Assistant, and Maps currently feature 700 testing labs across 300 cities and working with authorities to identify and add more testing labs located across the country.

The company reiterates that it is important to follow the recommended guidelines that help determine testing eligibility before visiting.

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News Network
June 18,2020

New Delhi, Jun 18: With the highest single-day increase of 12,881 COVID-19 cases reported in the last 24 hours, India's coronavirus count has reached 3,66,946 on Thursday.

This includes 1,60,384 active cases and 1,94,325 cured, discharged and migrated patients, according to the Union Health and Family Welfare Ministry.

Meanwhile, with 334 deaths being reported due to the infection, the toll due to the virus stands at 12,237 in the country.

There is a big increase in the number of confirmed cases in the country today as compared to the recent days when the spike had been limited to under 11,000 cases.

Maharashtra with 1,16,752 cases continues to be the worst-affected state in the country with 51,935 active cases while 59,166 patients have been cured and discharged in the state so far. The toll due to COVID-19 stands at 5,651 in the state.

The number of confirmed cases in Tamil Nadu also crossed the 50 thousand mark on Thursday and reached 50,193. The national capital is the third-worst affected by the infection in the country with the count reaching 47,102 today.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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