https://www.taxtmi.com/news?id=18684 Approval to close BWEL, a loss-making CPSE, was granted due to sustained poor performance and low revival prospects. The plan provides a voluntary retirement scheme for 626 employees at the 2007 pay scale and a one-time grant to cover the severance package and current liabilities. Implementation is to follow DPE time bound closure guidelines, with the objective of stopping further public financial support and effecting an orderly wind-up of operations. en-us Wed, 23 Aug 2017 17:20:21 +0530 Wed, 23 Aug 2017 17:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18684 Approval to close BWEL, a loss-making CPSE, was granted due to sustained poor performance and low revival prospects. The plan provides a voluntary retirement scheme for 626 employees at the 2007 pay scale and a one-time grant to cover the severance package and current liabilities. Implementation is to follow DPE time bound closure guidelines, with the objective of stopping further public financial support and effecting an orderly wind-up of operations. News - Wed, 23 Aug 2017 17:20:21 +0530 https://www.taxtmi.com/news?id=18684