OUT; NOW WAIT
News:Business Standard: 3-2-2020:
“BSNL and MTNL employees, who have opted for voluntary retirement scheme (VRS) scheme, will have to wait for next fiscal year (FY21) to get their dues. The reason for this delay is because the Union Budget 2020 has not made any provisions for disbursement towards the programme in FY20. Settlement worth Rs 37,268.42 crore on account of VRS, capital investment in BSNL and MTNL for 4G spectrum and grant for payment of GST has been budgeted for the next financial year, the Business Standard reported.”
The budget 2020 is presented. Rs 37640 crore is allotted to BSNL and MTNL according to the Media reports. It will be available only after the Budget and Appropriation bill are adopted by Parliament. Now, one month gap is given for Committees to meet and discuss the allotment etc. By end of March 2020, the Budget will be approved. Only in April the funds will be made available.
So, BSNL and MTNL will not be able to pay the first instalment of Exgratia under VRS before 31-3-2020. Many assurances were given to the employees. Nothing is honoured.