Telecom dept to seek EC's nod before moving Cabinet on VRS for MTNL, BSNL

The VRS for BSNL and MTNL could have a revenue impact of Rs 6,365 crore and Rs 2,120 crore, respectively.

The telecom ministry will seek the Election Commission's permission to put before the union cabinet a proposal offering voluntary retirement to employees of state-owned MTNL and BSNL, an official said Wednesday.

The Department of Telecom (DoT) is preparing a Cabinet note recommending voluntary retirement scheme (VRS) for BSNL and MTNL employees above 50 years of age.

"The DoT is preparing a Cabinet note for seeking its approval to grant VRS to BSNL and MTNL employees. The Department is going to immediately approach Election Commission for its nod to approach the Cabinet," a government official told reporters.

BSNL has 1.76 lakh