"BSNL has released Rs 4,100 crore exgratia
The government had in October approved Rs 29,937 crore for the firms' VRS (Rs 17,169 crore on account of ex-gratia on VRS and Rs 12,768 crore due to preponement of pensionary benefits spread over 10 years).
The move was aimed at reducing the wage load of the telecom PSUs and curbing their losses.
BSNL's loss swelled by over 2.5-times to Rs 39,089 crore during the April-December 2019 period.
The public sector telecom firm had recorded a loss of Rs 14,904 crore in the previous financial year 2018-19. PRS ABM