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VRS
for 4 PSU General Insurance companies Staffers
New Delhi: The government on Friday cleared the
much delayed voluntary retirement scheme for Class I,
Class III and Class IV staff of the four public sector
general insurance companies - New India Assurance, National
Insurance, Oriental Insurance and United India Insurance.
The scheme is effective January 1 and will remain open
for the next 60 days.
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J&K
Bank lowers PLR to 11 per cent
New Delhi: The Jammu & Kashmir Bank has announced
reduction of prime lending rate (PLR) to 11 per cent effective
from January 1, 2004 from the earlier 11.5 per cent while
also slashing down interest rates on car loans by 200
basis points . The interest rate on auto loans has come
down from 11.5 per cent to 9.5 per cent.
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