News for 'Voluntary Retirement Scheme'

AAP victory is Kejriwal's gift to wife on birthday

AAP victory is Kejriwal's gift to wife on birthday

Rediff.com11 Feb 2020

The counting of votes in Delhi election 2020 is currently underway. Early trends suggest that Aam Aadmi Party is on course to a victory. The victory is befitting as February 11 -- is also Kejriwal's wife Sunita's birthday.

Post-VRS, a leaner BSNL is all set for 4G services

Post-VRS, a leaner BSNL is all set for 4G services

Rediff.com7 Jan 2020

The company, which has a subscriber base of 120 million, also plans to raise funds via a bonds issue. The company's impending 4G launch is also expected in the second half of the current financial year for which it would invest Rs 12,000 crore, partly through bonds.

Google India appoints Niti Ayog's Archana Gulati as head of public policy

Google India appoints Niti Ayog's Archana Gulati as head of public policy

Rediff.com4 May 2022

Internet major Google has appointed former joint secretary at Niti Aayog Archana Gulati as head of public policy in India. A Google spokesperson confirmed the appointment. Messages sent to Gulati elicited no immediate reply. Gulati was looking after digital communications policy matters at the government think tank and took voluntary retirement in April last year.

What You Need To Know About New I-T Bill

What You Need To Know About New I-T Bill

Rediff.com26 Aug 2025

'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'

Cabinet okays winding up sick PSU

Cabinet okays winding up sick PSU

Rediff.com31 Aug 2016

The Union Cabinet on Wednesday approved the dissolution of the Central Inland Water Transport Corporation Limited as part of the government's move to identify and close down "irretrievable" cases.

Sitharaman wanted me out: ex-finance secretary Garg

Sitharaman wanted me out: ex-finance secretary Garg

Rediff.com31 Oct 2020

Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.

'Hidma's Death Is Death Of Maoist Insurgency'

'Hidma's Death Is Death Of Maoist Insurgency'

Rediff.com20 Nov 2025

'The (Maoist) organisation is in visible decline. Their senior leaders are ageing. Forest life is unforgiving -- older leaders simply cannot cope physically.' 'Earlier, they attracted educated youth from cities. That stream has dried up. Today's recruits largely come from poor village backgrounds and lack ideological depth.'

Maha IPS officer quits over 'communal' CAB

Maha IPS officer quits over 'communal' CAB

Rediff.com12 Dec 2019

Abdur Rahman, posted as special IGP in Mumbai, has sad that he won't attend office from Thursday in protest against 'blatantly communal and unconstitutional' CAB.

SBI to roll out golden handshake, 30,190 employees qualify

SBI to roll out golden handshake, 30,190 employees qualify

Rediff.com6 Sep 2020

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.

Should YOU Invest In Retirement Funds?

Should YOU Invest In Retirement Funds?

Rediff.com21 Apr 2023

You can build your own retirement savings portfolio by investing in equity, hybrid and/or debt funds. Alternatively, you can also invest in retirement funds which provide asset allocation solutions for different investment needs and risk appetites, says Dwaipayan Bose

Over 60,000 BSNL, MTNL employees have opted for VRS so far

Over 60,000 BSNL, MTNL employees have opted for VRS so far

Rediff.com8 Nov 2019

The government last month had approved a plum Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and offering VRS to employees so that the combined entity turns profitable in two years.

Why Escorts wants to be fitter

Why Escorts wants to be fitter

Rediff.com11 Apr 2017

Successful inroads in new markets could drive Escorts' national share above the current 11 per cent, reports Ajay Modi.

Employee-related litigation could hit UTI MF's valuation

Employee-related litigation could hit UTI MF's valuation

Rediff.com21 Dec 2019

The asset manager is yet to resolve the impasse surrounding the payment of pension to its erstwhile employees who had opted for voluntary retirement in 2003.

Analysts give thumbs down to BSNL-MTNL meger

Analysts give thumbs down to BSNL-MTNL meger

Rediff.com24 Oct 2019

'The announcement has come too late. This should have been done years ago.'

Nokia workers allege forceful VRS, company denies

Nokia workers allege forceful VRS, company denies

Rediff.com15 Apr 2014

Union sources claimed production at the Chennai plant, considered one of the biggest for Nokia, had declined from 13 million handsets per month to four million per month.

Tej Bahadur Yadav's wife says he's untraceable, moves HC

Tej Bahadur Yadav's wife says he's untraceable, moves HC

Rediff.com9 Feb 2017

She has sought a high-level inquiry into his disappearance as well as the recent rejection of his plea for voluntary retirement.

A To Z of Filing Your Income Tax Return

A To Z of Filing Your Income Tax Return

Rediff.com21 Jul 2025

Think again. Not filing could cost you. Here's who must file, who should, and why it matters. What's more, the deadline to file your ITR has been extended till September 15, 2025

In 75th year of Independence, govt may shut down British India Corp

In 75th year of Independence, govt may shut down British India Corp

Rediff.com17 Aug 2022

Once the iconic red-brick building of British India Corporation (BICL), which manufactured the popular "Lal-Imli" brand of woollen products, made Cawnpore (now Kanpur) the Manchester of the East. In the 75th year of independence, the government may finally pull the curtains on the century-old, now defunct public sector enterprise. "The Department of Public Enterprises (DPE) has floated a draft cabinet note for closure of British India Corporation (BICL) along with National Textiles Corporation (NTC). "The Cabinet may soon tak

Hindustan Motors offers VRS to employees

Hindustan Motors offers VRS to employees

Rediff.com10 Nov 2014

The VRS notice was pasted on the gates of the company's Uttarpara unit by the management, which said all workers would be paid their statutory dues plus and additional amount of Rs 100,000 each.

'Can MFs Save Enough For My Retirement?'

'Can MFs Save Enough For My Retirement?'

Rediff.com17 Oct 2023

rediffGURU Ramalingam Kalirajan answers your personal finance queries.

The man who spearheaded Swachh Bharat Mission is Niti CEO

The man who spearheaded Swachh Bharat Mission is Niti CEO

Rediff.com24 Jun 2022

He will replace Amitabh Kant, who will demit office on June 30. Iyer has been appointed for two years or until further orders, whichever is earlier, the personnel ministry order stated.

VRS plea of BSF jawan who complained about food rejected

VRS plea of BSF jawan who complained about food rejected

Rediff.com2 Feb 2017

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".

HMT Watches all set to offer VRS

HMT Watches all set to offer VRS

Rediff.com12 Mar 2015

HMT Watches has been making losses for the last 15 years.

Nokia paid Rs 250 cr VRS to Chennai staff

Nokia paid Rs 250 cr VRS to Chennai staff

Rediff.com25 Jul 2014

Nokia shut down has also resulted in the loss of job for over 12,000, who were indirectly employed by the company.

Air India sale: EoI, share purchase agreement get govt nod

Air India sale: EoI, share purchase agreement get govt nod

Rediff.com7 Jan 2020

The EoI and the share purchase agreement would be issued in January itself for the bidders. While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.

Nokia India appoints V Sembian as head of Chennai factory

Nokia India appoints V Sembian as head of Chennai factory

Rediff.com16 Apr 2014

he company said that though Katama has decided to quit, he would play a consulting role for a 'fixed' period.

Why BJP leaders will fight on JD-S ticket in Karnataka

Why BJP leaders will fight on JD-S ticket in Karnataka

Rediff.com12 Mar 2024

This strategy was discussed when Union Home Minister Amit Shah recently visited Mysuru to discuss the BJP's Lok Sabha plan, reports Aditi Phadnis.

Tej Bahadur's family meets BSF DG for speedy disposal of inquiry

Tej Bahadur's family meets BSF DG for speedy disposal of inquiry

Rediff.com6 Feb 2017

Yadav's family had expressed desire to meet the DG following which the meeting was arranged.

Air India official suspended for shoplifting in Sydney

Air India official suspended for shoplifting in Sydney

Rediff.com28 Aug 2019

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.

GM India to consider fresh VRS applications at Halol unit

GM India to consider fresh VRS applications at Halol unit

Rediff.com4 May 2017

In 2015, the auto major had announced that it would cease production at the plant, a move that affected around 1,100 employees.

NPS: Best For Retirement, Tax Saving

NPS: Best For Retirement, Tax Saving

Rediff.com6 Mar 2023

NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.

Asset sale process for BSNL, MTNL begins

Asset sale process for BSNL, MTNL begins

Rediff.com16 Jul 2020

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.

Honda's scooter sales back in the fast lane after a steep decline

Honda's scooter sales back in the fast lane after a steep decline

Rediff.com9 Mar 2021

The local arm of the Japanese two-wheeler manufacturer accounts for every second scooter sold in India.

1,300 MTNL employees opt for VRS

1,300 MTNL employees opt for VRS

Rediff.com18 Apr 2006

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.

Foxconn employees to go on hunger-strike on Jan 23

Foxconn employees to go on hunger-strike on Jan 23

Rediff.com13 Jan 2015

Trouble began at the manufacturing facilities of Foxconn situated at Sriperumbudur near Chennai after it decided to suspend production from December 22, 2014. Fearing job losses the employees have been resorting to agitations since then.

Nokia union seeks Centre's help to save roughly 6,000 jobs

Nokia union seeks Centre's help to save roughly 6,000 jobs

Rediff.com21 Oct 2014

Union Commerce Minister Nirmala Sitharaman said she will pursue the matter with the finance ministry

Nokia trying its best to ensure Chennai plant transfer

Nokia trying its best to ensure Chennai plant transfer

Rediff.com24 Apr 2014

The Chennai plant may be excluded from software giant Microsoft's acquisition of Nokia's handset business for 5.4 billion euros due to tax issues.

VRS offered by companies to pick up further: Experts

VRS offered by companies to pick up further: Experts

Rediff.com14 Apr 2014

The VRS has been mostly offered to cut costs in wake of economic slowdown, the experts said.

Hero MotoCorp offers VRS, eyes leaner organisation

Hero MotoCorp offers VRS, eyes leaner organisation

Rediff.com7 Apr 2023

With a new chief executive officer (CEO) at the helm, the country's largest two-wheeler maker Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme (VRS) for its staff as it aims to make the organisation 'agile and future-ready'. Recently, the company's erstwhile chief financial officer (CFO) Niranjan Gupta was elevated as CEO.

500 ONGC employees opt for VRS

500 ONGC employees opt for VRS

Rediff.com20 Jul 2004

About 507 employees of Oil and Natural Gas Corp have opted for voluntary retirement under the latest VRS scheme floated by the company, the Rajya Sabha was informed on Tuesday.