A government panel has rejected some key recommendations of the Sam Pitroda committee set up by the prime minister to suggest a turnaround strategy for loss-making BSNL, saying drastic changes in a state-owned company could impact the running of all public sector units..» » » »
Key Rejections.
1. No splitting up of CMD into C & MD
2. No IPO for 2 years (2 years for improvising financial health)
3. No NON-ITS eminence for top-brass.
Key Acceptances.
1. Cut down employees strength by 30%
2. The ‘managed capacity’ model’ equipment procurement process.
3. Must complete ongoing restructuring by March 2011.
4. Share its infrastructure with private companies to improve its revenue streams,
5. Launch a venture fund with its Rs 30,000-crore cash surplus
6. Hive its land bank into a separate company and monetise it.
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