Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: articles on VAT and GST in India :: cpt :: VAT Audit :: form 3cd :: TDS :: due date for vat payment :: VAT RATES
 
 
Mergers and Acquisitions »
 Building market institutions can help M&As move faster
 How corporate mergers and acquisitions impact small investors
 Merger control triggers and thresholds in India
 Centre eases pre-merger filing normsa
 Mergers and Acquisitions in Indian banking sector not threat for fintech players
 This part of our journey is value discovery: Kumar Mangalam Birla
 Health care mergers, acquisitions lead surge in global deals
 Tata Teleservices could be acquired by Airtel as India heads towards four-operator market
 Deals of the day-Mergers and acquisitions june 28, 2017
 Why is Avendus Capital behind most large e-commerce deals in India?
 India one of most attractive merger and acquisitions destinations in Asia.

Government panel recommends merger of BSNL, MTNL and ITI
April, 07th 2011

A government panel has recommend that state-owned telcoms company Bharat Sanchar Nigam (BSNL) merge with its smaller sister concern MTNL as well as communications gearmaker Indian Telephone Industries (ITI) as part of the erstwhile state monopoly's attempts to turnaround its loss-making operations and breathe new life into its businesses.

BSNL offers services in all regions of the country, except Mumbai and Delhi, where MTNL operates. So far, the government has failed in its multiple attempts to sell ailing ITI, which makes telecoms hardware, and is also the oldest PSU in the country.

"The board strongly recommends the merger of ITI with BSNL, or its takeover by BSNL as a separate subsidiary, thereby ensuring strategic vertical integration.

This should enable BSNL to combine service-providing with manufacture of the products and thus emerge as a leading global player as come of the Chinese companies have done in recent times," Board for Reconstruction of Public Sector Enterprises (BRPSC), which advises financially troubled state-run companies, said in its report.

The BRPSC report also adds that ITI's product mix could be appropriately changed to enable it to produce mobile phones and other products by bringing in latest foreign technologies.

It also states that ITI's accumulated losses may help BSNL to gain tax advantages.

"Similarly, there is no reason for MTNL to continue as a separate entity. This could be brought under BSNL as a subsidiary," the report adds.

MTNL has also been reporting losses for several consecutive quarters.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions