“Forward ever, backward never: onwards with Breaking Through”

15/03/2015 

1)Government Rules Out Privatisation of BSNL, MTNL


Government Rules Out Privatisation of BSNL, MTNL

New Delhi: The government today ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health.

Responding to a supplementary during the Question Hour in Rajya Sabha, Telecom Minister Ravi Shankar Prasad said the intention of the government was to bring them back to profitability.

"The financial health of MTNL and BSNL are not in good shape. There are several reasons for this which I want to discuss in the House in greater detail one day. However, we will make them healthy," he said.

Mr Prasad also said that the two erstwhile profit-making entities have been incurring losses for some years and one of the reasons for their downfall could be traced into the way these were "forced to function in those days".

"We need to improve health of these two companies. There is no attempt to privatise them," he said, adding that 25,000 mobile towers are being installed by BSNL and MTNL to improve their services.

To another question, Mr Prasad said the telecom subscribers base in the country is set to touch one billion mark soon from 97.9 crore as on December-end.

Regarding mobile tariff, he said service providers have the flexibility to offer different tariff schemes depending on the market conditions and other commercial considerations.

"The rates charged by mobile service providers for various types of calls differ from service area to service area. The rates offered by the same operator in a service area could also be different depending on the traiff plan subscribed by each individual consumer," he said.


2)Digital Life Certificate for Pensioners; More Than One Crore Pensioners May be Benefited by the Scheme


Under the ‘Digital India Mission’, Government has launched ‘Jeevan Pramaan – an Aadhaar based Digital Life Certificate’ for pensioners on 10.11.2014. This facility provides an option to the pensioners to submit their life certificate digitally by authenticating biometrically using UIDAI Database. The pension disbursing agencies integrated with the Jeevan Pramaan Portal will get access to digital life certificate. The pensioners need not go to the pension disbursing agency in person.

Aadhaar numbers is used for bio-metric authentication of pensioners. All pensioners having Aadhaar number may avail this facility. More than one crore pensioners may be benefitted by the scheme.

Government has taken a number of steps to bring awareness among the pensioners regarding the digital life certificate scheme such as publicity through leading newspapers, organization of camps for pensioners, regular meetings with pension disbursing agencies etc.

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today
Govt rules out privatisation of BSNL, MTNL Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health. 10 1 Google +0 0 Govt rules out privatisation of BSNL, MTNL Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health. Responding to a supplementary during the Question Hour in Rajya Sabha, Telecom Minister Ravi Shankar Prasad, said the intention of the government was to bring them back to profitability. "The financial health of MTNL and BSNL are not in good shape. There are several reasons for this which I want to discuss in the House in greater detail one day. However, we will make them healthy," he said. Prasad also said that the two erstwhile profit-making entities have been incurring losses for some years and one of the reasons for their downfall could be traced into the way these were "forced to function in those days". "We need to improve health of these two companies. There is no attempt to privatise them," he said, adding that 25,000 mobile towers are being installed by BSNL and MTNL to improve their services. To another question, Prasad said the telecom subscribers base in the country is set to touch one billion mark soon from 97.9 crore as on December-end. Regarding mobile tariff, he said service providers have the flexibility to offer different tariff schemes depending on the market conditions and other commercial considerations. "The rates charged by mobile service providers for various types of calls differ from service area to service area. The rates offered by the same operator in a service area could also be different depending on the traiff plan subscribed by each individual consumer," he said. MTNL stock price On March 13, 2015, Mahanagar Telephone Nigam closed at Rs 22.30, down Rs 0.05, or 0.22 percent. The 52-week high of the share was Rs 39.10 and the 52-week low was Rs 14.01. The company's trailing 12-month (TTM) EPS was at Rs 115.91 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 0.19. The latest book value of the company is Rs 80.01 per share. At current value, the price-to-book value of the company is 0.28. RELATED NEWS

Read more at: http://www.moneycontrol.com/news/business/govt-rules-out-privatisationbsnl-mtnl_1328439.html?utm_source=ref_article
Govt rules out privatisation of BSNL, MTNL Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health. 10 1 Google +0 0 Govt rules out privatisation of BSNL, MTNL Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health. Responding to a supplementary during the Question Hour in Rajya Sabha, Telecom Minister Ravi Shankar Prasad, said the intention of the government was to bring them back to profitability. "The financial health of MTNL and BSNL are not in good shape. There are several reasons for this which I want to discuss in the House in greater detail one day. However, we will make them healthy," he said. Prasad also said that the two erstwhile profit-making entities have been incurring losses for some years and one of the reasons for their downfall could be traced into the way these were "forced to function in those days". "We need to improve health of these two companies. There is no attempt to privatise them," he said, adding that 25,000 mobile towers are being installed by BSNL and MTNL to improve their services. To another question, Prasad said the telecom subscribers base in the country is set to touch one billion mark soon from 97.9 crore as on December-end. Regarding mobile tariff, he said service providers have the flexibility to offer different tariff schemes depending on the market conditions and other commercial considerations. "The rates charged by mobile service providers for various types of calls differ from service area to service area. The rates offered by the same operator in a service area could also be different depending on the traiff plan subscribed by each individual consumer," he said. MTNL stock price On March 13, 2015, Mahanagar Telephone Nigam closed at Rs 22.30, down Rs 0.05, or 0.22 percent. The 52-week high of the share was Rs 39.10 and the 52-week low was Rs 14.01. The company's trailing 12-month (TTM) EPS was at Rs 115.91 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 0.19. The latest book value of the company is Rs 80.01 per share. At current value, the price-to-book value of the company is 0.28.

Read more at: http://www.moneycontrol.com/news/business/govt-rules-out-privatisationbsnl-mtnl_1328439.html?utm_source=ref_article
Govt rules out privatisation of BSNL, MTNL Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health. 10 1 Google +0 0 Govt rules out privatisation of BSNL, MTNL Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health. Responding to a supplementary during the Question Hour in Rajya Sabha, Telecom Minister Ravi Shankar Prasad, said the intention of the government was to bring them back to profitability. "The financial health of MTNL and BSNL are not in good shape. There are several reasons for this which I want to discuss in the House in greater detail one day. However, we will make them healthy," he said. Prasad also said that the two erstwhile profit-making entities have been incurring losses for some years and one of the reasons for their downfall could be traced into the way these were "forced to function in those days". "We need to improve health of these two companies. There is no attempt to privatise them," he said, adding that 25,000 mobile towers are being installed by BSNL and MTNL to improve their services. To another question, Prasad said the telecom subscribers base in the country is set to touch one billion mark soon from 97.9 crore as on December-end. Regarding mobile tariff, he said service providers have the flexibility to offer different tariff schemes depending on the market conditions and other commercial considerations. "The rates charged by mobile service providers for various types of calls differ from service area to service area. The rates offered by the same operator in a service area could also be different depending on the traiff plan subscribed by each individual consumer," he said. MTNL stock price On March 13, 2015, Mahanagar Telephone Nigam closed at Rs 22.30, down Rs 0.05, or 0.22 percent. The 52-week high of the share was Rs 39.10 and the 52-week low was Rs 14.01. The company's trailing 12-month (TTM) EPS was at Rs 115.91 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 0.19. The latest book value of the company is Rs 80.01 per share. At current value, the price-to-book value of the company is 0.28.

Read more at: http://www.moneycontrol.com/news/business/govt-rules-out-privatisationbsnl-mtnl_1328439.html?utm_source=ref_article

Govt rules out privatisation of BSNL, MTNL Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health. 10 1 Google +0 0 Govt rules out privatisation of BSNL, MTNL Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health. Responding to a supplementary during the Question Hour in Rajya Sabha, Telecom Minister Ravi Shankar Prasad, said the intention of the government was to bring them back to profitability. "The financial health of MTNL and BSNL are not in good shape. There are several reasons for this which I want to discuss in the House in greater detail one day. However, we will make them healthy," he said. Prasad also said that the two erstwhile profit-making entities have been incurring losses for some years and one of the reasons for their downfall could be traced into the way these were "forced to function in those days". "We need to improve health of these two companies. There is no attempt to privatise them," he said, adding that 25,000 mobile towers are being installed by BSNL and MTNL to improve their services. To another question, Prasad said the telecom subscribers base in the country is set to touch one billion mark soon from 97.9 crore as on December-end. Regarding mobile tariff, he said service providers have the flexibility to offer different tariff schemes depending on the market conditions and other commercial considerations. "The rates charged by mobile service providers for various types of calls differ from service area to service area. The rates offered by the same operator in a service area could also be different depending on the traiff plan subscribed by each individual consumer," he said. MTNL stock price On March 13, 2015, Mahanagar Telephone Nigam closed at Rs 22.30, down Rs 0.05, or 0.22 percent. The 52-week high of the share was Rs 39.10 and the 52-week low was Rs 14.01. The company's trailing 12-month (TTM) EPS was at Rs 115.91 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 0.19. The latest book value of the company is Rs 80.01 per share. At current value, the price-to-book value of the company is 0.28.

Read more at: http://www.moneycontrol.com/news/business/govt-rules-out-privatisationbsnl-mtnl_1328439.html?utm_source=ref_article