No big name from corporate sector for BSNL top job

As many as 132 applicants, mostly from the PSUs, have applied for the top

RELATED ARTICLES

post of BSNL's CMD, while there was a lukewarm response from the corporate sector.

Out of 132 applications that the PSU has received, 84 are from officials working with BSNL itself or two other government owned firms -- MTNL and TCIL.

According to sources, very few people have applied from the private sector.

Additional Secretary in Department of Telecom Subodh Kumar, who has already been empanelled for the post of Secretary, is understood to have applied for the post.

Besides, other big names include TCIL Chairman and Managing Director RK Upadhyay, ITI Chairman K L Dhingra and others.

The government had invited applications from candidates in the public and private sector for the post of Chairman and Managing Director of BSNL.

August 16, 2010 was the last day for submitting the applications.

If a candidate from the private sector is selected, it will be the first time that the telecom PSU will be headed by a chief from the private sector.

The government has constituted a Search-cum-Selection panel headed by the Cabinet Secretary for finding a suitable candidate for the post.

As per the terms and conditions of the job, the government has offered a maximum package of up to Rs 30 lakh (Rs 3 million) annually for the post.

Sources said that the salary package acted as a deterrent for people in corporate sector. A CMD in a private firm can earn somewhere up to Rs 3 crore, however, BSNL was offering only Rs 30 lakh.

The selection process for BSNL is being done as part of restructuring to make it financially viable, as recommended by the Sam Pitroda panel. After BSNL's CMD, Kuldip Goyal retired on July 31, Gopal Das is the acting CMD.

The new CMD of telecom PSU BSNL will be hired on a contract basis with a fixed term of three years, which can be further extended for three years based on performance evaluation by an external expert group.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Retail investors need to be drawn to bond trading

    A country requires both a healthy capital market and a liquid debt market for vibrant economic growth. India has had the first for a long time.

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Japan’s living national treasures

While the world is fascinated by the economic “miracles” in ...

Robert Clements

Cherish good times and accept bad ones

Initially, I was angry and confused, I was even repentant…,” ...

Bubbles Sabharwal

Mothers just see things differently; they can’t help it

Before we begin on mothers, I have to share this ...