Improved voluntary retirement scheme package for employees of Hindustan Vegetable Oils Corporation

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....mproved voluntary retirement scheme package for employees of Hindustan Vegetable Oils Corporation <br>News and Press Release<br>Dated:- 18-5-2016<br><BR>The Cabinet Committee on Economic Affairs, chai....

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....red by the Prime Minister Shri Narendra Modi has given its approval to the proposal for offering an improved Voluntary Retirement Scheme (VRS) package based on 2007 notional pay scales for the employe....

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....es of Hindustan Vegetable Oils Corporation (HVOC). The Government assistance will be in the form of non-plan grant of approximately &#8377; 27.56 crore to the company. HVOC is a Central Public Sector ....

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....Enterprise (CPSE) under the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution. The employees of HVOC have been adversely impacted due to sickness ....

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....of the company. They are in very old pay scales of 1992. The improved VRS package will give fair amounts of compensation to the employees and help them in their post retirement rehabilitation.<BR> New....

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....s - Press release - PIB....