📷 Image: Latestly (via NewsData)
Business
Assam Cabinet Approves Rs 9.75 Crore for Tea Corporation Staff VRS
🗓 25 Jun 2026, 12:31 AM
👁 1
The Assam cabinet has sanctioned Rs 9.75 crore for a Voluntary Retirement Scheme (VRS) for employees of the Assam Tea Corporation Ltd. This decision aims to facilitate the exit of executives who expressed interest in the scheme.
The Assam state cabinet has given its approval for a financial package amounting to Rs 9.75 crore dedicated to a Voluntary Retirement Scheme (VRS) for the staff of the Assam Tea Corporation Ltd. This move comes in response to the expressed desire of executives within the corporation to opt for voluntary retirement.
The allocation of funds is intended to facilitate the smooth implementation of the VRS, providing financial relief and support to employees who choose to avail themselves of this option. The decision underscores the state government's efforts to manage the affairs of the state-run corporation.
Further details regarding the specific terms and conditions of the VRS are expected to be released following the cabinet's deliberations. The cabinet also approved new regulations for homestay registrations in the state, requiring registration through a portal with renewals every three years.
The allocation of funds is intended to facilitate the smooth implementation of the VRS, providing financial relief and support to employees who choose to avail themselves of this option. The decision underscores the state government's efforts to manage the affairs of the state-run corporation.
Further details regarding the specific terms and conditions of the VRS are expected to be released following the cabinet's deliberations. The cabinet also approved new regulations for homestay registrations in the state, requiring registration through a portal with renewals every three years.