VRS has been offered to Cong staff who have completed regular service of minimum five years in the organisation.
The scheme has been extended to all categories of employees.
For members, the message is simple: don't be misled by headlines about '100% withdrawal'. The basic purpose of the EPF remains unchanged -- to help employees build a financial cushion for retirement while allowing limited access to savings for genuine needs during their working lives.
Former IAS officer Divya Mittal has launched her new political party, Jan Neeti Bharat, with the aim of contesting the 2027 Uttar Pradesh assembly elections and redefining governance by making people central to policymaking and ensuring government accountability.
West Bengal could be the Bharatiya Janata Party's real test case of its business-friendly policies, points out Kanika Datta.
The EPF should remain a retirement nest egg, not be turned into an emergency fund.
The Indian government reports over 93,000 vacant posts in the Central Armed Police Forces (CAPFs) and Assam Rifles, impacting law enforcement and security capabilities. Recruitment efforts are underway to address the shortfall.
The scheme is available for citizens above 60 years of age; however a provision has been put in place for individuals who have crossed 55 years of age. Such individuals may invest subject to the conditions that,
If you are a senior citizen who is looking at earning regular returns without taking on too much risk, the Senior Citizens Savings Scheme is the place to be.
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.
Among its 27 recommendations for the Union Budget is this: It has suggested that equity investments held for more than one year and up to three years should be taxed at 12.5 per cent on gains exceeding 2 lakh in a financial year.
Bharat Petroleum Corporation Ltd on Thursday announced a voluntary retirement scheme for eligible employees and the scheme would remain open till May 31.
The most common mistake is investing without assessing suitability and long-term implications.
The new TTD chief said all those who work at Tirumala should be Hindus.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Tata Group-owned Air India has extended the deadline for non-flying staff to apply for the Voluntary Retirement Scheme (VRS) till May 31. The deadline for applying for the VRS, which was announced in April, ended on April 30. "Last date to apply for voluntary retirement for all the eligible employees has been extended till May 31," Air India Chief Human Resources Officer Suresh Dutt Tripathi said in an internal communication on Monday.
Ashwini Vaishnaw has repeatedly warned officials "to take VRS and sit at home" if they did not perform.
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
Indian carrier Vistara on Monday announced voluntary retirement scheme (VRS) and voluntary separation scheme (VSS) for its permanent ground staff ahead of its merger with Air India, which had announced similar plans for its non-flying permanent staff two weeks ago.
Tata-owned Air India has launched a Voluntary Retirement Scheme (VRS) for its employees- in the airline's first drive to reduce headcount. The salt-to-steel conglomerate acquired the carrier last year. As of November 2019, the airline had 9,426 permanent employees.
"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.
Who pays what into EPF, EPS, and EDLI -- the 12% math explained.
Beset with problems of poor training and amenities, the Central Reserve Police Force saw over 90 of its field commanders either resigning or taking voluntary retirement over the last four years.
Joshi's decision to step down comes a couple of days after Home Secretary L C Goyal sought early retirement, 17 months before his term was to lapse
After the scheme was unveiled, protests erupted in several states against the scheme.
Enthused by the success of last year's voluntary retirement scheme, Steel Authority of India Ltd plans to further rationalise its workforce by another 5,000 this fiscal.
Alkyl Amines Chemicals Ltd announced voluntary retirement scheme to employees at Patalganga plant and Vashi and Worli offices.
Indian Oil Corporation will shed about 1000 surplus employees by giving them voluntary retirement, the Rajya Sabha was informed on Tuesday.
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.
BSNL Chairman and Managing Director P K Purwar told PTI that the scheme will be open between November 4 and December 3, and that instructions have already been given to field units to inform employees about the VRS offering.
TTK Prestige Ltd filed a petition at Karnataka High Court for utilising up to Rs 196.30 million from the securities premium account to write off expenses on account of voluntary retirement scheme and product development.
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
This means only about 8000 employees will be left with the carrier over the next five years.
More than 1,600 employees of Air India, the former state-run carrier now owned by the Tata group, have opted for voluntary retirement under a scheme announced on June 1. These employees comprise 22 per cent of permanent staff (around 7,000). The airline has a total employee strength of around 10,800, including those on contract.
The Maruti Udyog Ltd board has approved a proposal to introduce a voluntary retirement scheme for employees of the company.
