MTNL in the last quarter of 2019 posted a loss of 755 crores. And read the next bit carefully. Its revenue from operations during the same period is 536 crores. Roughly, the losses are 140% of the revenues. Yearly burden on taxpayers is more than 3000 crores
When they say we want to take care of PSU employees, they mean ‘we want to screw the taxpayers’
Usually profits or losses are a percentage of revenue. Indian PSUs have reversed the trend where revenues are a percentage of losses. No mean achievement this.