Rescue package on the cards for MTNL, RINL; committee of secysto take final call on servicing MTNL debt of nearly Rs 8,000 cr

The government is considering bailout plans for MTNL and RINL, with discussions involving the finance ministry. A committee will decide on MTNL’s bank debt, while RINL faces significant losses and debt. Both companies are in default and seeking loan restructuring to remain operational.