MTNL seeks Rs 500 crore from DoT to pay January salary
Unable to pay salaries to its employees for a third consecutive month in January, state-run MTNL has raised pending dues of Rs 500 crore from the Department of Telecom (DoT) for the period 2000-13.
 
The Mahanagar Telephone Nigam Ltd (MTNL) seeks reimbursement of pension and GPF totalling Rs 488 crore paid to employees absorbed from DoT in MTNL and also for rendering telephone services to DoT employees. 
 
The DoT had leased the lands and buildings of MTNL during this period for which the public sector undertaking wants Rs 12 crore in rentals.
 
An amount of Rs 200 crore from this is meant to settle the wage bill of MTNL employees for January, DoT sources said. 
 
A senior DoT official said the department was examining the MTNL invoices and would release some cash towards the salary payment. The rest would be given after due scrutiny of MTNL documents in support of their claim of Rs 500 crore. 
 
MTNL has an employee strength of around 23,000. Its stock price closed at Rs 12.20 a piece on Monday, just about 1 per cent higher than the previous close. 
 
Earlier, MTNL was paying pension to its employees. But three years back, DoT started funding pensions of MTNL employees. It is on this basis that MTNL is now reclaiming the amount what it has already paid to tide over its current financial crunch. 
 
MTNL reported widening of its loss to Rs 859 crore on standalone basis in the quarter ended on September 30, 2018, mainly on account of increase in finance cost and decline in sales. 
 
The debt-ridden firm posted a loss of Rs 730.64 crore in the same period a year ago. 
 
The finance cost of the company during the period under review increased to Rs 422.72 crore from Rs 366.22 crore. The total income declined by about 21 per cent to Rs 621.26 crore in the reported quarter from Rs 791.1 crore in July-September 2017 quarter. 
 
The auditors of MTNL in a note said that the net worth of the company had been fully eroded. MTNL has a debt of around Rs 19,000 crore.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

 

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Khaire Ganesh

6 days ago

Please send me the refund investors form link

TCS partners with JDA Software to develop cognitive supply chain solutions
Tata Consultancy Services, a leading global information technology services, consulting and business solutions organisation, announced a global partnership with JDA Software, the leading provider of end-to-end supply chain and retail solutions, to build next-generation cognitive solutions, and offer consulting and system integration services around digital technologies, to optimise supply chains for customers worldwide, according to a press release from the company.
 
The partnership will leverage the TCS Business 4.0 thought leadership framework and JDA Luminate solutions portfolio to develop joint, interoperable technology solutions for supply chains of the future. These solutions will use TCS Machine-First Delivery Model to accelerate human-machine collaboration to solve complex business problems, faster and better, delivering multi-fold productivity improvements and transforming customer experience.
             
Through these solutions, enterprises can harness the power of cloud, AI and ML, allowing them to gain complete supply chain visibility and receive prescriptive recommendations to make accurate, profitable business decisions. Businesses will benefit from real-time predictive analytics and cloud-driven business models that help realise outcome-based supply chain transformations.
 
TCS will establish an end-to-end Cognitive Supply Chain Lab at its Business Solutions Lab in Cincinnati, Ohio, USA to develop quick proofs of concept.

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Network Capacity Fee (NCF) for second/ additional connection is not mandatory
Telecom Regulatory Authority of India (TRAI),in March, 2017, notified the 'New Regulatory Framework' (or the New Framework) for Broadcasting and Cable services, comprising of the (i) Telecommunication (Broadcasting and Cable) Services (Eighth)(Addressable Systems) Tariff Order, 2017, (ii) Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) Regulations, 2017 and (iii)Telecommunication (Broadcasting and Cable) Services Standards of Quality of Service and Subscriber Protection (Addressable Systems) Regulations, 2017. The new framework has come into effect on 29 December, 2018. However, to provide sufficient time to subscribers for exercising their options, the Authority provided time up to 31st January, 2019. All the Distribution Platform Owners (DPOs) are required to migrate the subscribers as per their choice with effect from 1st February, 2019.
 
Few subscribers have raised the issue regarding the price of the second/ multi TV connection at home. It has been clarified by the Authority that the Regulation provides a capping of Rs130/- as Network Capacity Fee (NCF) for 100 SD channels and Rs20/- for the slab of next 25 SD channels. Further, the regulation does not prohibit the service providers to offer discount or lower Network Capacity Fee for second/ additional connections in same location/ home. However, it may be noted that such discount shall be uniform in the target market area of respective TV channel distributor and duly declared by the DPO (Distribution Platform Operator) on their website. Pursuant to the same now few service providers have started offering the discount/ complete wave off of Network Capacity Fee (NCF) on second/ additional TV connections in home.
 
The new framework promotes consumer choice and enables the subscribers to pay for what they really watch. The new framework has been designed after balancing and providing for the proportionate revenue for various service providers in the service provisioning value chain. The basic architecture of the framework provides far fair competition among broadcasters and the real prices will be discovered after few months of market play. The analysis of preliminary data of few large DPOs reflects actual savings by subscribers to the tune 10% to 15 % in Metro Towns and between 5% and 10% in Non-Metro (DAS3 and DAS 4) areas.
 
Consumer has complete freedom to choose their desired 100 Standard Definition (SD) channels within the network capacity fee of maximum Rs130. The desired channels could be in a-la-carte Free to Air channels or Pay channels or bouquet of pay channels or any combination thereof. The choice completely rests with the consumers. DPOs are providing various options to consumers to exercise their choice. These methods include Personal contact by Local Cable Operator, Calling on Call Centre Number, Using Mobile Apps or through DPO Website.
 
The new regime empowers the subscribers to change their choices whenever they desire. They can add or delete channel for a month or far multiple months, i.e at the end of each billing cycle, thereby providing enough flexibility. All the subscribers are requested to choose wisely and select those channels that they wish to watch.

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