You are right that there’s little festive cheer among public sector employees in India this year. This includes employees of MTNL, BSNL and even some PSU banks who plan to go on strike during the Diwali season. In fact, less than a week ahead of the country’s biggest festival, Diwali, workers at various state-owned companies like MTNL and BSNL are protesting unpaid salaries, pending wage revisions, and the possibility of job loss. The financial condition of many of these units is itself worrisome. The problem for the government is that with most banks overstaffed, they have little choice on the telecom companies.
You are right that there’s little festive cheer among public sector employees in India this year. This includes employees of MTNL, BSNL and even some PSU banks who plan to go on strike during the Diwali season. In fact, less than a week ahead of the country’s biggest festival, Diwali, workers at various state-owned companies like MTNL and BSNL are protesting unpaid salaries, pending wage revisions, and the possibility of job loss. The financial condition of many of these units is itself worrisome. The problem for the government is that with most banks overstaffed, they have little choice on the telecom companies.