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Privatization-Bound PSBs To Roll Out VRS Initiative To Clear Out Deadwood From Their Ranks: Report

Prime Minister Narendra Modi with Finance Minister Nirmala Sitharaman. State-run banks that are set to be privatised this fiscal year are likely to come out with an alluring voluntary retirement scheme (VRS) for interested employees. This new initiative is slated to make banks attractive to buyers which could be taken over by the private sector enterprises that are eager to get into the country’s banking sector. VRS, a mechanism through which employees are provided an opportunity to take early retirement along with a good financial package, has also been previously put to use for the consolidation purposes of certain public-sector banks (PSBs),

Cabinet secy-led panel wants PLI scheme revamp to boost manufacturing

Top Headlines: Panel wants PLI reform, Google clarifies social media role

Read more about Top Headlines: Panel wants PLI reform, Google clarifies social media role on Business Standard. A committee headed by Union Cabinet Secretary has suggested a revamp of the production-linked incentive scheme to boost manufacturing.

Uddhav Thackeray: If needed, I will meet PM Modi over Maratha quota post SC ruling

Uddhav Thackeray: If needed, I will meet PM Modi over Maratha quota post SC ruling Mirror Online / Updated: May 5, 2021, 21:38 IST Mumbai: Maharashtra chief minister Uddhav Thackeray on Wednesday (May 5) urged the Centre and President Ram Nath Kovind to step in and help the Marathas in the state to get quota as the Supreme Court struck down the 2018 law, giving quota in government jobs and education to the Marathas, by terming it unconstitutional . The Supreme Court has said that this is not a decision for the state to take on its own. This is something the Centre and President need to decide on. I appeal to the Centre and the President because the SC has now said that only they can take a decision, the chief minister said.

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