NEW DELHI: The cooling off period for bureaucrats seeking commercial employment after their retirement has been cut by half to one year.
With new rules formed recently by the Personnel Ministry, the officers of Indian Administrative Service (IAS) and Indian Police Service (IPS), among others, will have to take prior permission from the Centre only for the period of one year from the date of their superannuation to work in private firms.
However, they need to declare clear service records particularly with respect to integrity and dealings with non-Government organisations (NGOs) and also mention that the proposed emoluments and pecuniary benefits being offered to them are in conformity with the industry standards.
The reduction has been done on the demand made by officers who have been seeking cut in the time period from two years. Following which this period has been reduced to one year, as per the new rules. (AGENCIES)
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