Govt. defers merger of BSNL, MTNL  

Context: The merger of the two telecom public sector units — BSNL and MTNL — has been deferred due to financial reasons, including high debt of MTNL, the government informed Parliament.

Background:

• In October 2019, the Union Cabinet had given an in-principle approval for the merger, along with a revival package worth almost Rs. 70,000 crore.
• However, due to financial reasons, including high debt of MTNL, the merger of MTNL with BSNL is deferred.
• As per government data, BSNL’s losses for the current financial year till September 20, 2020, stood at Rs. 3,607 crore, while that for MTNL was Rs. 1,220 crore.

https://www.thehindu.com/todays-paper/tp-business/govt-defers-merger-of-bsnl-mtnl/article34040795.ece