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The government is facing challenges in monetizing high-value assets of BSNL and MTNL, according to recent information.

BSNL must identify 10 properties in each circle within three months.

BSNL should identify at least 10 properties in each county with a score in that range. Spine CGMs have had three months to identify assets that fall under the administration of BSNL and can be monetized.

HIGHLIGHTS

  • The move was made as a result of the Centre’s inability to significantly advance the monetisation of higher value assets of BSNL and MTNL.
  • The Center has authorized asset monetization as a component of the first revival package of Rs 69,000 crore for the two telecom PSUs in 2019.
  • As stated in the policy for the monetisation of land and building assets of BSNL and MTNL, assets worth at less than Rs 10 crore would not require a Group of Ministers (GoM) permission for sale.

Public telecom providers Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) have been asked by the Department of Telecommunications (DoT) to identify core and non-essential assets up to Rs 10 crore for monetization. Cash Flow Express Statement.

The move was made as a result of the Centre’s inability to significantly advance the monetisation of higher value assets of BSNL and MTNL. The Center has authorized asset monetization as a component of the first revival package of Rs 69,000 crore for the two telecom PSUs in 2019.

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At least ten properties in each circle with a value falling within the specified range must be found by BSNL. The circle CGMs have been given three months to find assets that are under the BSNL board’s jurisdiction and may be made money. The telecom department will then get the monetization objective from BSNL.

As stated in the BSNL and MTNL policy for the monetization of land and building assets, sales of assets valued at less than Rs 10 crore will not require clearance from the Group of Ministers (GoM). The GoM must approve the sale of assets worth between Rs 10 crore and Rs 100 crore, though. The monetization of assets worth more than Rs 100 crore would be handled by the Department of Public Enterprises.

The standing committee on communications and IT has been notified by the telecom department that DIPAM has authorized the monetization of six MTNL assets valued at Rs. 5,158 crore and 18,200 crores of BSNL assets. The process has been hindered, the study continued, by problems with title ownership of the assets, approvals from municipal and state governments, and others.

The government’s primary tactic for reviving the faltering state-owned telecom providers has been to monetize assets. However, there have been several challenges along the way, notably in securing the required permissions and approvals.

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Written by Shallu Srivastav

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