200cr loan for ITI staff gets govt nod
The government on Friday approved a soft loan of Rs 200 crore for paying salaries to employees of loss-making PSU Indian Telephone Industries (ITI) Ltd. The move is expected to mitigate the hardship being faced by the company in paying its employees. ITI Ltd had 7,633 employees as on December 1, 2013.The decision was taken by the Cabinet Committee on Economic Affairs (CCEA).