VRS is no long-term solution -- Hewitt official
Voluntary retirement schemes (VRS) are not the panacea for all the ills that are plaguing the Indian banking system, says Hewitt Associates business development head (Asia Pacific region) Anand Shankar.

Govt accedes to soft drink units' demand on RGB labels
Government has acceded to the soft drink industry's demands, albeit, partially by modifying its earlier hard hitting directive (Dec 21, 2000) that made pasting of `contains no fruit juice' labels mandatory on returnable glass bottles (RGBs).

FM, bank CEOs to meet on recruitment norms
Notwithstanding diverse views on the subject, it seems Finance Minister Yashwant Sinha is intent on carrying out his plan to scrap the banking services recruitment boards, mentioned in his Budget speech.


  Government open to JPC on scam, Sebi mounts defence
  Global Trust Bank seeks higher swap ratio for merger
  Tightening of bullion trading norms likely
  DPC, MSEB ties strained over rebate issue
  For Bengal fishermen, Dhaka rules the radio waves
  `VRS no panacea for ills in banking sector'
  Nabard assistance touches Rs 1,538 crore in 2000-01
  Japanese officials renew support for yen
  VRS outgo hits Canara Bank bottomline, net profit may rise
  All co-operative banks should not be held guilty, after scam
  Morgan Stanley in talks to foray into insurance business
  India Inc on lookout for 3,500 directors
  Global oil exploration firms losing interest in India
  Hair, there and everywhere
  Damodar Valley caught in crossfire between two states
  A pragmatic, growth-oriented Exim Policy
  SBI Caps proposes govt-owned SPV to finance power projects
  Kartik Parekh siphoned off another Rs 20 crore from BoI, says CBI
  NTPC, MSEB hold parleys for government-guaranteed bonds
  Seepz, MIDC to develop more SEZ space
  `India can sustain 7% growth rate'