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RETIREMENT VRS
Tata Motors rolls out VRS after union push; around 300 employees opt inTata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a response to demands from worker unions. ...- EPFO 3.0 withdrawal rules explained: When can EPF members withdraw their PF corpus through UPI?EPFO is set to launch EPFO 3.0, enabling UPI withdrawals and simplifying fund access for members. New rules consolidate withdrawal provisio...
- UP cadre IAS officer seeks voluntary retirement; fourth one to do so in one yearSamphel is the fourth IAS officer of the UP cadre in the past one year to have made a voluntary retirement scheme (VRS) request. A senior o...
- Hero MotoCorp initiates voluntary retirement scheme (VRS) for all staffThe VRS has been designed in line with the vision to make the organization ‘agile’ and ‘future-ready’, consolidating roles and reducing lay...
- SBI moots VRS scheme to optimise costs, about 30,000 employees eligibleBesides, the draft scheme, seen by , said it will provide an option and a respectable exit route to employees who have reached a level of s...
- Nearly 75,000 BSNL employees have opted for VRS so far: ChairmanThe 'BSNL Voluntary Retirement Scheme - 2019' that was rolled out last week, will remain open till December 3. BSNL is looking at savings o...
- Nearly 70,000 BSNL employees opted for VRS so far: ChairmanBSNL Voluntary Retirement Scheme - 2019' was rolled out last week. According to the scheme, all regular and permanent employees of BSNL inc...
- BSNL mulls biz continuity measures as VRS plan rolls out in full swing; talks on with DoTNearly one lakh BSNL employees are eligible for the VRS out of its total staff strength of about 1.50 lakh.
- VRS package may save Rs 1,080 crore in annual salary tab: MTNL chiefImplementation of VRS is expected to lower expenses of the firms and provide them the much-needed liquidity.
- Unions to oppose VRS for SBI associates' employeesThe five associate banks of SBI are State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala a...
- Cabinet okays improved VRS for Hooghly Dock & Port employeesImplementation of the new VRS package would substantially reduce the manpower of HDPEL and would help in downsizing.
- VRS request of eligible government employees should be accepted: High CourtMadras High Court has observed that government should accept the voluntary retirement request of its employees eligible for VRS .
- Employees can't claim VRS benefit as matter of right: Supreme CourtNo employee, as a matter of right, can seek the benefits of voluntary retirement scheme.
- Nearly 16,700 posts lying vacant in Income Tax dept: GovernmentVacancies arise on account of retirement/VRS, promotion, deputation and officers proceeding on leave, among others.
- Decision on VRS to BSNL employees remains in limboBSNL has said that no decision has been taken so far to offer VRS to its employees who are nearing the age of retirement.
- No voluntary retirement can be allowed in absence of VRS: CATThe Central Administrative Tribunal (CAT) has held that a government employee cannot be granted voluntary retirement unless a scheme exists...
- BALCO resorting to contract labourBALCO, which was privatised a few years ago, is resorting to contract labour after giving VRS to its permanent employees.
- VRS is not a dirty word anymoreThe corporate scene in India today is completely different from what it was a decade or so ago.
- More pains than gains in bonanza for VRS takersHere's some bad news for those who were celebrating that VRS takers above 55 will be eligible for the senior citizen scheme.
- Companies can now write off VRS expensesThe Institute of Chartered Accountants of India (ICAI) has decided to allow business enterprises to the write off expenditure on voluntary ...
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