Framework issued for surplus asset transfer of 3 telecom PSUs to central entities

A high-level committee has outlined the framework for the transfer of surplus land and buildings of telecom PSUs BSNL, MTNL and ITI to central government organisations without auction.

The proposal was cleared at a meeting of Committee of Secretaries in June, which also decided that any central government organisation keen on acquiring any such property would be required to submit their interest, along with stipulated approvals and a deposit (2 per cent earnest money deposit) of the indicative value to register their claim.