KOLKATA: The management of cash-strapped Bharat Sanchar Nigam Ltd has decided to link future fund ... click on "Readmore "
allocations for all 24 circles to the realisation of specific revenue targets in financial year 2011-12.
In an internal communication, BSNL chairman & managing director RK Upadhayay has directed all circle heads to go on a revenue maximisation drive, failing which fund allocations will stand frozen. Each circle head has been told to expand business on a war-footing and achieve a minimum 25% revenue growth this fiscal.
"Future budget allocations across circles will directly be in proportion to revenue receipts generated by them. A circle that misses revenue growth targets will be branded a non-performer and denied its monthly funds allocation," a BSNL executive familiar with the matter told ET
allocations for all 24 circles to the realisation of specific revenue targets in financial year 2011-12.
In an internal communication, BSNL chairman & managing director RK Upadhayay has directed all circle heads to go on a revenue maximisation drive, failing which fund allocations will stand frozen. Each circle head has been told to expand business on a war-footing and achieve a minimum 25% revenue growth this fiscal.
"Future budget allocations across circles will directly be in proportion to revenue receipts generated by them. A circle that misses revenue growth targets will be branded a non-performer and denied its monthly funds allocation," a BSNL executive familiar with the matter told ET
