Rescue package on the cards for MTNL, RINL; committee to take final call on servicing MTNL debt of nearly Rs 8,000 cr
“We have received a representation from the steel ministry on RINL, and it is being examined," said another official, adding that there is a view within the government that it will not be prudent to let public sector banks (PSBs) take a substantial haircut on their loans or pick up equity stakes in these firms in lieu of repayments.