BSNL Employees Salaries Cleared for November Month, Vendor Dues Also Paid

Bharat Sanchar Nigam Limited (BSNL) has not been in the best of shapes, financially speaking since the last few months. However, relief has come to the telecom operator in the form of revival package from the government. The state-led telecom operator was also to pay the salaries of the employees and had also held up payment for the vendors as well. Last time, we reported about BSNL’s financial situation, the vendors were also to receive the payment from BSNL, for which the centre had given some funds to BSNL for paying to the vendors. But, in a new update, as reported by ETTelecom, BSNL has now cleared the salaries of its employees for the November month. The 1.63 lakh employees of BSNL have now received their salaries for the November month. Not only this, but BSNL has also paid Rs 1,700 crore to the players with whom its payment was pending including vendors and other contractors.

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BSNL Clears November Salaries for Employees

Regarding this, BSNL Chairman PK Purwar remarked “We have released nearly Rs 800 crores towards November salaries today. It will be credited to employees’ bank accounts today or tomorrow morning,” thus revealing that the vendors have been paid for BSNL. As per the top official of BSNL, the telecom operator was able to pay the vendors and the employees based on the internal accruals and the bank loans. However, with this, Purwar also added that the salary disbursement would take a few months, around two or three months precisely to stabilise. Even with some of the outstanding amount settled, majorly to the employees, BSNL is yet to pay some more to its vendors. This amount is in the range of Rs 10,000 crore and is also to be paid to creditors as well.