State Bank of India-led consortium of lenders Monday decided to send the grounded Jet Airways to the National Company Law of Tribunal (NCLT) as they have not yet received any concrete proposal for the airline.
Despite the recent adversities that hit some debt fund schemes hard, benefits like high liquidity, safety and tax benefits on long-term capital gains still make it an attractive choice over other fixed income options.
FM Nirmala Sitharaman is expected to announce a number of big-ticket decisions in the Union Budget 2019 considering the thumping majority her party secured in the recent Lok Sabha elections.
Global rating agency Fitch on Monday cut India’s GDP growth rate forecast for FY20 by 20 bps to 6.6 per cent, even as it retained FY21 estimate at 7.1 per cent.
CSCs are available for plethora of services such as banking, PAN and passport applications, insurance policies, IRCTC tickets, air and bus purchases, electricity and water bills and mobile recharges.
