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Rabble Rousing Random Ramblings by S Jagadish is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported License.
MTNL: A drain on the country
I started fuming at the title of this news item on Rediff in spite of the fact that I am nowhere close to owning an MTNL connection. Little did I realize what was in store. The Minister of State for IT and Telecom, Shakeel Ahmad, told the Rajya Sabha how much of a drain MTNL was on the exchequer.
MTNL's total outstanding from subscribers stands at Rs 1,509.01 crore (Rs 15.09 billion) as on October 31, 2005.That, dear friends, is just over .01% of India's estimated GDP. So this one PSU has such a significant impact on the Indian economy.
As Nana Patekar famously said, Ek machchar aadmi ko hijda bana deta hai!
Rambled @ 8:59 PM
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