Karnataka silk marketing board faces closure

The Board posted a loss of Rs five crore in 2009-10, during which it clocked a turnover of Rs 80 lakh. It has 101 employees who would now be offered voluntary retirement scheme (VRS), he said.Venkataramanappa said annual pay packets of the Board's Chairman and Managing Director collectively tops Rs 50 lakh if one includes perks and other facilities.

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