'BSNL employee cost is Rs 14,500 crore and we anticipate that around 80,000 should opt for VRS.'
Pandey, who stepped down as the state police chief less than a week ago, however, insisted that he had walked down to the state headquarters of the Janata Dal-United, headed by the chief minister, to "thank" Kumar for the trust reposed in him by the latter.
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.
The fourth day of questioning was deferred from June 17 to this day after Gandhi requested the agency for postponing the session as he wanted to be with his mother and Congress president Sonia Gandhi in hospital, where she is admitted for post-Covid issues.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The asset monetisation exercise in the first phase will help BSNL shave off its Rs 14,000-crore debt. The government has said that these firms are strategically important and will not be closed down or divested.
"The Corporation has decided to offer a voluntary retirement scheme, with a view to enable employees who are not in a position to continue in service of the Corporation due to various personal reasons, to request for grant of voluntary retirement from the services of the Corporation," Bharat Petroleum Corp Ltd (BPCL) said in an internal notice to its employees.
Monetising real estate assets is part of the overall relief package that would be used to retire debts, upgrade networks, and offer VRS aimed at reducing the telcos' employee strength by half.
Just a few weeks ago, Communications Minister Ashwini Vaishnaw did some tough talking with the senior managers of Bharat Sanchar Nigam Ltd, the ailing state-owned telecom service provider. The message was clear: They had to perform, quit by taking the voluntary retirement package or be compulsorily retired from service. The terse message from an otherwise polite and soft-spoken minister came just days after he announced a second and bigger package of Rs 1.64 trillion as part of a four-year turnaround plan for BSNL.
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
Around 625 workers have been fasting since Monday; no disruption of production at the plant
City-based irrigation department whistle blower Vijay Pandhare, who blew the lid off alleged irregularities in various projects across Maharashtra, has sought voluntary retirement from service.
Gopalakrishna's name was in the reckoning for Deputy Governor in place of Anand Sinha who retired in January.
The Supreme Court on Wednesday asked the Centre to produce before it the file related to the appointment of Election Commissioner Arun Goel, who was appointed on November 19.
Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.
When the Tatas re-boarded Air India on January 27 last year, the price of aviation turbine fuel was at over Rs 80,000 per kilolitre. Rupee was trading at around Rs 74 to a US dollar. The Omicron variant of Covid-19 was in prevalence - barely a week earlier, India had reported over 340,000 cases on a single day. Seven-day home quarantine of international travellers was the norm.
In 2015, the auto major had announced that it would cease production at the plant, a move that affected around 1,100 employees.
The Maruti Udyog Ltd board has approved a proposal to introduce a voluntary retirement scheme for employees of the company.
Alkyl Amines Chemicals Ltd announced voluntary retirement scheme to employees at Patalganga plant and Vashi and Worli offices.
The country's first ever carmaker, Hindustan Motors, is looking at a second coming. Talks are on for a joint venture with a European auto company focused on the electric vehicle (EV) space. A memorandum of understanding (MoU) has been signed and due diligence is expected to start shortly and will take 2-3 months to conclude.
Rashtriya Janata Dal president Lalu Prasad's 'samdhi' Chandrika Roy has been nominated by the Janata Dal- United from his traditional Parsa assembly seat, but name of the former Director General of Police Gupteshwar Pandey is missing from the list of 115 candidates released by the party on Wednesday.
'The announcement has come too late. This should have been done years ago.'
Sankar's father Subramanian encouraged him to drop out of the schooling system at an early age and pushed him to play in the upper age groups and senior circuits.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Indian Oil Corporation on Friday said it has launched a voluntary retirement scheme - for its surplus employees - that is valid till December 31, 2003.
The move will require a one-time payment of Rs 4,000-5,000 crore (Rs 40-50 billion), for which DoT would give financial support, a senior official from the latter told Business Standard.
The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, civil aviation secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier.
While Bhasin will be getting provident fund money and gratuity, he would not be getting leave encashment for 420 days, medical reimbursement for himself and wife, free passes for himself and wife, and holiday home facilities.
Within two weeks of offering voluntary retirement to 612 officers, state owned MTNL on Tuesday signed up another 1300 Group 'C' and 'D' employees for separation.
Employees allege forcible layoffs; firm says ensuring it "best maximises performance and optimises resources"
Employees of the State Trading Corporation will be given the right to seek voluntary retirement conditional on the privatisation of the company under a 'one of a kind' proposal accepted by divestment ministry.\n\n\n\n
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