ABOUT VRS AND ALL
Many comrades were asking our comments on VRS package etc. We did not want to jump into any hasty conclusion. So we waited. Our GS Com. Gangadhra Rao is not well. We could not consult each other and prepare any document.
Hence, I am giving my personal observations hereunder:
The scheme is formally announced now only. Our present members are not affected/benefitted by the VRS. Staff Unions have to react and give proper guidelines to remove the confusion. Some Staff unions, as usual, project the VRS as their historic achievement. Some others do not like it but they are helpless.
[They have not properly reacted to the ‘substandard’ speech of new CMD. Present CMD should understand that his predecessors only moved the BSNL to ventilator. It was total mismanagement all along. Can the new CMD take any action against them?]
VRS: There is no common formula to calculate the gains. Ex Gratia, in almost all cases of employees above 50 years of age, is limited to 125% of Pay (BP+IDA) of the balance service. Hence, it depends upon mainly on the length of service left. Pension, Gratuity and Pension Commutation are common retirement benefits. Over and above these normal retirement benefits the extra benefit is 25% of total pay of remaining service. HRA is lost till retirement date. Increments in future and increased rate of IDA are also lost. If one has more than 30 months of service left, the immediate monetary benefit is good. At the same time, they will be losing more in monthly pension for the rest of their life.
THE GAME UNDER THE CARPET
It is the government machinery assisted by vested interest social media that project Revival and VRS as great initiatives to uplift BSNL and MTNL.
MAKE IT LEAN AND CLEAN
Through VRS, one lakh workers will be sent out soon. BSNL will be LEAN.
By infusing some funds, government takes over the debt of BSNL and MTNL. They will be CLEAN. MTNL is made subsidiary of BSNL. So, only BSNL remains.
Airtel and Vodafone-Idea are in crisis. Supreme Court has directed them to pay Rs 93000 crore as fine to Govt. With the interest increasing daily, it is now Rs 1.4 lakh CRORE. Both the companies have approached the government for some relaxation. Mr. Mukesh Ambani has asked Minister, Communications to simply throw away their letter. Anytime Airtel and Vodafone may close their shops and exit, as done by Tata.
Then Reliance will be ready to take over BSNL, the LEAN and CLEAN baby. Once that is done, they will hike the tariff. Like LPG. Government will remain a silent spectator. Then people of India will understand the real impact. Till that time propaganda will be against workers, PSUs etc.
WAR is GOING ON. Wait and see who will survive and who will be eliminated.
.PSR