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VRS Scheme For MTNL Employees Rolled-Out

Days after the union cabinet approved a revival package and merger of the state-owned telecom companies MTNL and BSNL, the former rolled out a voluntary retirement scheme (VRS) for its employees. The scheme will be open for employees till 3 December ...

NPS Rules On Voluntary Retirement: Things You Should Know

National Pension Scheme (NPS) is the Central Government's social security initiative that was started for government employees but later opened to those working in the private and unorganized sectors as well with an exception of those who work for the armed ...

2,800 Employees Of SBI's Associate Banks Opt For VRS

Only 2,800 employees of five associate entities of State Bank of India have so far applied for voluntary retirement scheme (VRS) out of more than 12,000 who are eligible for it, SBI Chairman Arundhati Bhattacharya said today. All the five entities ...

Tata Motors Will Offer Voluntary Retirement Scheme

Tata Motors will offer a voluntary retirement scheme to trim costs as part of restructuring although the number of employees is still being worked out. "Tata Motors confirms that as part of the on-going organization effectiveness project, where we have already ...

Where To Invest Your VRS Money Without Too Many Risks?

Many individuals opt for a Voluntary Retirement Scheme (VRS) offered by companies. It's important to remember that if you have opted for this scheme when you are in the late 40s or early 50s, you should invest the money wisely as ...

How Is Payment On Voluntary Retirement Scheme Taxed in India?

Voluntary Retirement Scheme (VRS) was until a few years back very much in vogue. It was also called golden handshake because a lot of employees received lumpsum payment depending on the number of years of service they put in at an ...