The Voluntary Retirement Scheme (VRS) for employees of Government-owned telecom firms, BSNL and MTNL will take some more time as the Telecom Ministry is yet to take a final call on the same.
“It (VRS) is not going to be possible in this fiscal,” the Telecom Secretary, Mr R. Chandrasekhar, said on the sidelines of the Skoch summit on employment here on Tuesday.
“BSNL has formulated a proposal. That is something on which a view has not been taken. There is obviously a major financial obligation involved, which needs to be seen before any view is taken,” he said.
Both BSNL and MTNL had submitted a proposal approved by their boards to seek financial support from the Government for implementation of VRS. MTNL had submitted a proposal seeking 100 per cent financial support from the Government, while BSNL had sought nearly Rs 18,000 crore from the Department of Telecom.