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.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
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.
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.
The bench is hearing a batch of pleas seeking a collegium-like system for the appointment of ECs and the Chief Election Commissioner.
Tata Group-owned Air India on Wednesday announced the launch of new flights connecting Mumbai with New York, Paris and Frankfurt, starting February next year. Besides, the full-service carrier also announced the resumption of non-stop flights connecting Delhi with Copenhagen, Milan and Vienna. The Mumbai-New York (JFK International Airport) daily service will commence from February 14 next year, Air India said.
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.
Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.
'Second Innings Tap VRS-2020' will be opened to all permanent officers and staff who have put in 25 years of service or completed 55 years of age on the cut-off date.
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.
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.
Almost a fortnight after former bureaucrat K P Ramaiah took voluntary retirement from the Indian Administrative Service, he is ready to take on Lok Sabha Speaker Meira Kumar, a former Indian Foreign Service officer, in the Lok Sabha polls from the Sasaram seat in Bihar.
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.
Both these roles were handled by Laxman K Badiga, who took 'voluntary retirement' earlier this month after over three decades of service.
The year was 2014. A small boy in his teens stood in front of Noida's most famous cricket coach Phool Chand's office room, and there was no parent accompanying him.
This means only about 8000 employees will be left with the carrier over the next five years.
A committee headed by Sam Pitroda, advisor to the Prime Minister, has suggested that state-run telecom major Bharat Sanchar Nigam Ltd should retire or transfer about 100,000 of its employees through measures such as a voluntary retirement scheme. This is a third of BSNL's total employee strength, of 300,000 across the country.To improve organisational performance and employee productivity substantially, BSNL should induct young talent in all spaces.
The order has, however, not gone down well with the employees, with the president of the UP Secretariat Employees' Association, Yadavendra Mishra, saying that such attempts were aimed at harassing government servants.
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It could be part of a deliberate strategy to heal divisions within and restore the Pakistan army's image, explains Rana Banerji, who headed the Pakistan desk at RA&W.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
"I am now a free citizen of India like you. I am no longer the DGP. So, no service rules apply to me anymore. Thousands of people are coming from Buxar, Begusarai, Jehanabad, Aurangabad and other districts. I will take a decision after talking to them. Contesting elections is not illegal," he told journalists.
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.
The government on Wednesday indicated that it would continue to avail of the services of the country's first woman IPS officer, Kiran Bedi, without clearly stating what it intended to do with her application for voluntary retirement from service.
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 2000-batch IAS officer, who sparked several controversies and was accused of violating the service rule, had taken voluntary retirement from government service on October 23 this year.
A five-judge constitution bench headed by Justice KM Joseph is likely to give its verdict.
Pandey, a daring IPS officer known for his rustic mannerisms, had sought voluntary retirement in 2009 amid speculation that he wanted to contest the Lok Sabha election from Buxar.
Merck Ltd announced a voluntary retirement scheme to non-bargainable employees in its Taloja plant.
In her application to the Union Home Ministry submitted a few weeks ago, the Director of Bureau of Police Research and Development has cited pursuant of "strong academic and social interest" as the reason for quitting the service.
A decision on IPS officer Kiran Bedi's application for voluntary retirement from service is likely to be taken shortly.
The top court reserved its verdict on a batch of pleas seeking a collegium-like system for the appointment of ECs and the Chief Election Commissioner and asked the parties to file written submission in five days.
Air India's hopes of slashing 5,000 jobs through a voluntary retirement scheme (VRS) may be too ambitious, say experts and union leaders. The airline would need about Rs 700 crore to put the offer together, and it is yet to secure the finance ministry's approval for this.
The first step is to estimate the retirement corpus you would need and to compute the approximate amount you can set aside every month, says V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance
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.
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 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.
"Mission Safter India - our new non-governmental organisation which aims to bridge the gap between the victim and the police. The NGO aims to help those who did visit police stations but could not get their complaints registered. We will forward their complaints to the director general of police of the concerned state," Bedi said.