Hi Subodh
The local lable means the local label generated by router for particular prefix. This local label becomes remote label on adjacent routers for the same prefix.
Output Label:- No label means for out going no label will be added, If label is aggregate, it means mpls traffic will sent in the global routing table.
Bytes Label Switch:- The number of bytes switch for prefix.
Outgoing INterface:- Simple
Next Hop:- Simple
For more please visit mplsvpn blog, you will your answers there
http://shivlu.blogspot.com
regards
shivlu jain