BSNL issues austerity measures norms to circles to cut costs, says Ravi Shankar Prasad

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July 17, 2019 3:21 PM

"Due to fall in revenue, payment of salary of employees and statutory payments are the first priority. Thereafter, bills of contractors, etc., are taken into consideration for payment," Communications Minister Ravi Shankar Prasad said in a written reply to the Lok Sabha.

BSNL, Ravi Shankar Prasad,  Lok Sabha, contractual labour in bsnl, latest news on BSNL“BSNL has informed that austerity measures guidelines have been issued to circles for reducing costs,” the Minister noted.

Cash-strapped Bharat Sanchar Nigam Ltd (BSNL) has said austerity measures guidelines have been issued to its circles to reduce costs, Parliament was informed on Wednesday. “Due to fall in revenue, payment of salary of employees and statutory payments are the first priority. Thereafter, bills of contractors, etc., are taken into consideration for payment,” Communications Minister Ravi Shankar Prasad said in a written reply to the Lok Sabha.

Also read: More companies quitting FMCG business rather than entering; half of slowdown due to SME growth slump

At this point, no shortage of contractual labour is anticipated, he said. “BSNL has informed that austerity measures guidelines have been issued to circles for reducing costs,” the Minister noted.

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