BSNL wants to offer VRS to one lakh employees

BSNL wants to offer VRS to one lakh employees: In order to bring down the salary burden, which constitutes about 48 per cent of its revenues, BSNL wants to let go one lakh employees by offering them voluntary retirement, a top BSNL official told PTI.

PSUs may not get to issue tax-free bonds

New Delhi: The finance ministry may not allow PSUs to float tax-free bonds in the forthcoming Budget as they have not been utilising funds raised through them for infrastructure development, a ministry official told PTI.

Banking system shows signs of instability: RBI

mumbai: The banking system has shown signs of moderate rise in instability due to increase in non-performing assets , RBI has said in a working paper on Banking Stability.

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