Latest Expert Exchange Queries
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% :: form 3cd :: VAT Audit :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: cpt :: empanelment :: TDS :: due date for vat payment :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARDS
« Mergers and Acquisitions »
 The Role Of Brand In Petroleum Mergers And Acquisitions
 Mergers and Acquisitions: What Happens After the Announcement?
 Agency mergers and acquisitions continue to be strong for first-half 2016
 The Intricacies Of Financial And Legal Relationships In M&A
 3 integration considerations for Mergers & Acquisitions
 Mergers and acquisitions take centre-stage as funding for start-ups dries up
 Mergers and Acquisitions reach highest quarterly value in India
 18 digital health exits (mergers, acquisitions, and IPOs) in Q3 2016
 Number of mergers and acquisitions rise in 2016, Experian finds
 Indian startups are more willing than ever to acquire and be acquired
 India’s mergers and acquisitions reaches highest quarterly value in Q3 2016: Report

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 2016 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