Public Sector Banks Lose More Than Rs 50,000 Crore In Q4

Gold Silver Reports (GSR) – The result has been that most public sector banks have reported large losses for the quarter ended March 2018. For the 17 listed PSU banks which have reported earnings till Friday, the total net loss stood at Rs 53,000 crore compared with a net loss of Rs 4,302 crore in the same quarter last year. Most banks took some reprieve through tax write-backs which helped reduces losses to some extent.                 

Read More →

No Cancellation Fee For Flights Cancelled Within 24 Hours; Draft Plan Says

No Cancellation Fee For Flights Cancelled Within 24 Hours

Gold Silver Reports (GSR) – No Cancellation Fee For Flights Cancelled Within 24 Hours; Draft Plan Says  — Cancellation charges should not be more than basic fare and fuel surcharge, Minister of State for Civil Aviation Jayant Sinha told reporters earlier. “If a flight is cancelled and it is the airline’s fault, then the passenger has to be compensated or ticket has to be refunded,” he said. “If a flight is delayed, the passenger will be compensated in various ways.”     

Read More →