The mass of the bureaucrat is there at the lower end. And here it gets totally protected due to Union support. And if the VRS scheme is seen to be as attractive as in the case of banks, people will start taking advantage of that. Also one has to look at the enormous cost of it. Besides the huge outflow of funds, there will also be huge social cost attached to it.
Possibility is there.
But there are various factors, If you look at the Balco experience, whatever you do you are damned, even if you don't do anything you are damned. It is a total conflict of perceptions and distortion of facts based on political experiences. It is not based on any economic logic. So when this kind of things happen, all the efforts towards privatization, which are in the pipeline, suffer a setback. So we have to go through this churning process for a couple of more years, before privatization really takes off.