The Department of Heavy Industry has been undertaking appraisals of each loss making CPSE to assess the prospects of revival.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Senior leaders of the Biju Janata Dal (BJD) in India are calling for action against Rajya Sabha MP and national spokesperson Sasmit Patra for allegedly creating confusion among lawmakers regarding the Waqf (Amendment) Bill. The controversy arose after Patra, despite the party's announced opposition to the Bill, revealed he had voted in favor of it and stated that MPs could vote according to their conscience. The situation has led to accusations of a possible "deal" between the BJD and the Bharatiya Janata Party (BJP).
In his concluding remarks at the 'Chintan Shivir' in Udaipur, Gandhi had said that it is only the Congress that can fight the BJP at the national level and regional outfits cannot fight this battle of ideology.
'If his health was good he would have become CM again after polls.' 'Those who are with Nitish Babu today will remain with him till the elections to use his name for votes and would definitely play games with him after the polls.'
Not needed, it says, with 4,600 staffers to retire over next 3 years, plus transfer of 12,000 to new subsidiaries
The Tirumala Tirupati Devasthanams (TTD), the custodian of Lord Venkateswara Swamy temple, has barred 18 employees from participating in all religious activities for allegedly partaking in non-Hindu activities. The decision has been defended by the Andhra Pradesh government, citing the need to protect the religious sentiments of Hindu devotees. The move has sparked debate, with some supporting the TTD's stance and others criticizing it as discriminatory.
The employees, who will avail the VRS, would get an ex-gratia amount of 60 days salary (basic + dearness allowance) for each completed year of service, or salary for the number of months left in the service, whichever is less.
The Indian Airlines board on Wednesday cleared an attractive voluntary retirement scheme for its 500-odd cabin crew.
Air India has laid off more than 180 non-flying staff in recent weeks, sources said while the airline maintained that the affected people were not able to utilise the voluntary retirement schemes and reskilling opportunities. The loss-making Air India was taken over by the Tata Group in January 2022 and since then, efforts are being made to streamline the business model. An Air India spokesperson on Friday said that as part of the fitment process, employees in non-flying functions have been assigned roles based on organisational needs and individual merit.
The Centre on Friday announced a special voluntary retirement scheme for employees of four public sector general insurance companies to cut the excess flab.
The tribunal passed the order while hearing a bunch of petitions from the employees of Delhi Transport Corporation, seeking pension from the corporation which was denied to them after they had opted for VRS between 1993 and 1995.
The Reserve Bank of India has received applications from 3,491 employees so far for the ongoing optional early retirement scheme, which is intended to rationalise its staff strength.
A lump sum of Rs 100,000 has been offered under the VRS package.
The scheme will be offered to 15,000 employees, or one-third of the workforce, in the current financial year.
A decision on IPS officer Kiran Bedi's application for voluntary retirement from service is likely to be taken shortly.
The RIL-owned Indian Petrochemicals Corporation Ltd has shed its workforce by about 12 per cent as it gave voluntary retirement to 1,550 employees, which would cost the company Rs 120 crore (Rs 1.20 billion) during the current fiscal.
Directing the DISCOMS to make the payments to the employees within three months, the Delhi high court asked them to adopt a method to pay pension, gratuity, leave encashment etc.
Maruti Udyog Ltd, India's biggest carmaker, on Monday said its 1,251 employees have recently opted for voluntary retirement scheme.\n\n\n\n
The move by the BSF has not been seen kindly by Yadav's family which alleged that the trooper was being "threatened and tortured mentally".
Over 54,000 public sector employees opted for voluntary retirement scheme in 2001-02, Rajya Sabha was informed on Monday.
It was not immediately clear when Garg submitted his voluntary retirement scheme application to the government. It was also not known if the government would accept the application. If he hadn't applied for VRS, he would have retired from government service at the end of October 2020 on attaining of 60 years of age. Garg did not answer phone calls seeking his comments.
The maiden Test ton celebration in Salaar style was a tribute to his father Mutyala, who watched his son rescue India from the stand behind team's dug-out.
In a stern 'perform or take VRS' warning to officials sitting on files, Union Minister Nitin Gadkari on Thursday asked them not to become obstacles in the way of India achieving world class infrastructure.
Ashwini Vaishnaw has repeatedly warned officials "to take VRS and sit at home" if they did not perform.
The draft scheme, seen by PTI, said it will provide an option and a respectable exit route to employees who have reached a level of saturation in their career, may not be at the peak of their performance, have some personal issue or want to pursue their professional or personal life outside the bank.
rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.
rediffGURU Sunil Lala answers your personal finance-related queries.
The 1988 batch officer from Mau district in Uttar Pradesh is considered close to Prime Minister Narendra Modi and had worked with him in Gujarat.
This strategy was discussed when Union Home Minister Amit Shah recently visited Mysuru to discuss the BJP's Lok Sabha plan, reports Aditi Phadnis.
State-owned Bharat Sanchar Nigam Ltd (BSNL) said on Tuesday that as many as 78,569 employees have opted for VRS, and added that it expects to save Rs 1,300 crore in wage bills this fiscal after the scheme becomes effective in January.
Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements.
He was permanently absorbed into the ED cadre in 2014 and has headed some high-profile investigations into the 2G spectrum allocation case, the 2010 Commonwealth Games, the money laundering cases against former Union finance minister P Chidambaram and his son Karti Chidambaram, Andhra Pradesh chief minister Y S Jagan Mohan Reddy and former Jharkhand chief minister Madhu Koda, the Aircel Maxis and VVIP choppers case.
After making a shocking announcement that he will retire at the end of the upcoming Test series against Australia, Sourav Ganguly called upon the media and cricket fans to respect his fellow-senior players and also let them quit on their own terms. 'I don't think it's ever possible that anybody can offer you a VRS scheme,' said the former India captain.
