As many as 75,000 workers of Bharat Sanchar Nigam (BSNL) dangle already opted for the VRS arrangement which rolled out nowadays, Chairman and Managing Director of the order-owned telecom corporation PK Purwar said on Thursday.In all, almost one lakh BSNL workers are eligible for the Voluntary Retirement Draw (VRS) out of its complete workers strength of about 1.50 lakh. BSNL has pegged its inner arrangement for VRS at 77,000 workers, and the effective date of voluntary retirement under the snort arrangement is January 31, 2020.Purwar instructed PTI on November 14 that the assortment of VRS optees dangle reached 75,000.The ‘BSNL Voluntary Retirement Draw – 2019’ that become rolled out last week, will remain launch until December 3. BSNL is savings of about Rs 7,000 crore in wage bill, if 70,000-80,000 personnel decide for the arrangement.Constant with the arrangement, all usual and permanent workers of BSNL at the side of those on deputation to other organisations or posted launch air the corporation on deputation basis, who attended the age of 50 years or above are eligible to gaze voluntary retirement under the arrangement.The quantity of ex-gratia for any eligible worker will be equal to 35 days salary for each achieved year of service and 25 days salary for each year of service left until superannuation.Mahanagar Phone Nigam Ltd (MTNL) too has rolled out a VRS for its workers. The arrangement, according to Gujarat Model, will additionally be launch for workers until December 3, 2019.The Union Cupboard last month had current the notion to combine MTNL – which provides products and companies in Mumbai and Unique Delhi – with BSNL that products and companies the remainder of the nation.The rescue kit current by the authorities contains infusion of Rs 20,140 crore for buy of 4G spectrum, Rs 3,674 crore for GST to be paid on spectrum allocation, companies elevating Rs 15,000 crore in debt on the sovereign guarantee and authorities funding Rs 17,160 crore VRS and one other Rs 12,768 crore towards retirement licensed responsibility.The two companies will additionally monetise sources price Rs 37,500 crore in the next three years. MTNL has reported losses in 9 of the previous 10 years and BSNL too has been ringing in loss since 2010. The overall debt on each the companies stood at Rs 40,000 crore, of which half of the licensed responsibility is on MTNL by myself.Gain gain entry to to India’s fastest growing financial subscriptions service Moneycontrol Knowledgeable for as cramped as Rs 599 for first year. Exercise the code “GETPRO”. Moneycontrol Knowledgeable provides you the total data you will need for wealth introduction at the side of actionable investment ideas, independent be taught and insights & diagnosis For extra data, try the Moneycontrol internet order or mobile app.
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