BSNL and MTNL (VRS) Scheme : Rs. 29,937 crore approved Ex-Gratia and Pensioner Benefits

BSNL and MTNL (VRS) Scheme : Rs. 29,937 crore approved Ex-Gratia and Pensioner Benefits
The Cabinet in the meeting held on 23.10.2019 approved a revival plan for Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). The revival plan, inter-alia, includes the measures to reduce the staff cost through a Voluntary Retirement Scheme (VRS) for employees of age 50 years and above. Accordingly, BSNL and MTNL introduced VRS with effect from 04.11.2019 which was open till 03.12.2019. BSNL and MTNL have informed that 78,569 employees of BSNL and 14,387 employees of MTNL have opted for VRS.
The Government has approved Rs.29,937 crore (Rs.17,169 crore on account of Ex-Gratia on VRS and Rs.12,768 crore due to preponement of pensionary benefits spread over a period of ten years) through budgetary allocation for VRS.
The above statement was submitted by Ministry of Communications Department of Telecommunications of undermentioned Lok Sabha Question:-
GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS DEPARTMENT OF TELECOMMUNICATIONS
LOK SABHA
UNSTARRED QUESTION NO. 3694 TO BE ANSWERED ON 11TH DECEMBER, 2019
VRS FOR BSNL AND MTNL EMPLOYEES
3694. SHRI ANTO ANTONY
Will the Minister of COMMUNICATIONS be pleased to state:
(a) whether the Government has announced Voluntary Retirement Scheme (VRS) for employees of BSNL and MTNL;
(b) if so, the details thereof;
(c) whether the Government has any record regarding number of employees who applied for VRS;
(d) if so, the details thereof and the quantum of amount required for settlement of VRS;
(e) whether the VRS is a part of revival package for BSNL and MTNL; and
(f) if so, the details thereof?
ANSWER
MINISTER OF STATE FOR COMMUNICATIONS, HUMAN RESOURCE DEVELOPMENT
AND ELECTRONICS & INFORMATION TECHNOLOGY
(SHRI SANJAY DHOTRE)
(a) to (f) As above
Source Lok Sabha

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