This is because the Union Budget does not have provision for any expenditure towards the programme in the current fiscal year
The scheme is fully voluntary and benefits offered have been developed after taking suggestions from many associates
The government is planning to float Expression of Interest (EoI) for selling its entire 100 per cent stake in the loss-making flag carrier some time next week.
On October 25, the Centre approved a Rs 69,000 crore revival package for BSNL and MTNL
Both companies are strategic assets and the government would make them more professional and profitable, he emphasised.
Communications minister Ravi Shankar Prasad said a total of 79,000 employees of BSNL and 14,000 out of 20,000 employees of MTNL have applied for the VRS scheme
he 'BSNL Voluntary Retirement Scheme - 2019', that was rolled out recently, will remain open till December 3
The 'BSNL Voluntary Retirement Scheme - 2019', that was rolled out recently, will remain open till December 3
Younger people who have many working years left may spend a part of the retrenchment compensation on re-skilling themselves
The effective date of voluntary retirement under the present scheme is January 31, 2020
At present, various options are being discussed for the transition period
For any organisation that is too big, becoming an outcome-oriented organisation is challenging, says BSNL CMD
Telecom Minister Ravi Shankar Prasad had recently asked BSNL to start a dialogue with its employees on the VRS
Union sources said if the management does not take a call on the issue 'amicably' they would be forced to intensify their stir next week by going on a hunger strike
The company had earlier said it was implementing cost-cutting measures to save around Rs 500 crore to mitigate the impact of slowdown in the market
HVOC is a Central Public Sector Enterprise (CPSE) under the Department of Food and Public Distribution in the ministry of consumer affairs, food and public distribution