MTNL to Clear April Salaries of Employees Without Any Challenge
Crisis-ridden MTNL, whose revival package is in the works, has exuded confidence that it would not face any challenge in payment of April salaries to its 22,000 employees, as it plans to tap internal accruals and available cash. The comment assumes significance as distressed telecom PSUs Mahanagar Telephone Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (BSNL) are saddled with massive debt and have faced problems in clearing staff salaries... Read More