“… we do not see any challenge in paying salaries for the month of April. We have sufficient cash balance and internal resources and will be able to meet our liabilities without any issue,” Purwar claimed. The monthly wages totalling Rs 200 crore would be supported from Rs 250 crore that the telecom PSU has available as cash and cash equivalents, he added. “We are following up on all our legitimate claims…of almost Rs 1,000 crore (from various sources). Every single penny is being chased. There are outstandings from Telecom Department, also we have to receive some money in Income Tax refund (about Rs 100 crore), which we are pursuing,” he said. The telecom PSU asserted that it has not sought “grants” from the Telecom Department with regard to its about Rs 500 crore pending dues. Purwar said that the state-owned corporation is chasing only “legitimate claims” which “need to be addressed”. The Telecom Department has prepared a rescue plan for MTNL and BSNL in the form of a revival package that entails components like Voluntary Retirement Scheme, asset monetisation, and allocation of 4G spectrum. The revival plan is expected to be taken up by the Cabinet soon, sources said.
