Ravi Shankar Prasad directs BSNL, MTNL to proceed quickly on VRS, asset monetisation plans

NEW DELHI: Telecom Minister Ravi Shankar Prasad has directed BSNL and MTNL to implement VRS guidelines quickly and initiate proactive measures to monetise assets in a time-bound manner, while making it clear that they have to become more aggressive in the telecom market, sources said.

A government official privy to the development said that the minister who met the boards of BSNL and MTNL categorically told the companies that they have been given a “strong incentive package” by the government and must roll up their sleeves now to become more competitive.