GS met with GM (SR) and discussed regarding the status of 3rd PRC recommendations with reference to BSNL. GM (SR) informed that after the presentation given by DoT to the Group of Secretaries meeting held on 02.02.2017 wherein DoT has been advised to submit the financial position of the PSUs under the control of DoT. Accordingly, DoT has asked the feedback / comments of BSNL by Monday in this regard which is being replied shortly.
It is understood that as per 3rd PRC interim report, if a PSU has 20 % liability of PBT (Profit Before Tax) on account of 3rd PRC implementation it may give 15% fitment, PSU having 30% liability of PBT on account of 3rd PRC implementation may give 10% fitment and PSU having 40% liability of PBT on account of 3rd PRC implementation may give 5% fitment benefit.
At present BSNL’s PBT is minus in %age. In view of that we have pleaded 3rd PRC to take operational profit of a PSU instead of PBT into consideration.