Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 706)

2019-07-23 Business

706.

This company agreed to offer Rs 1.25 trillion by 2024 for highway projects.

United India Insurance

LIC

Max Life Insurance

Bank of India

Answer: Option

Explanation:

Life Insurance Corporation of India has agreed to offer Rs 1.25 trillion Line of Credit by 2024, to fund highway projects. LIC has offered Rs 25,000 crore in a year and Rs 1.25 trilion in five years. The borrowings will be in the form of bonds to be issued by the National Highways Authority of India.