The CEO announced that in a letter posted on the Financial Times website, «I'd like to just set the record straight here and now: there is absolutely no
plan, strategy or intention for GM to file for bankruptcy» GM faces a host of issues, revolving around legacy liabilities, poor design, poor marketing (
reliance on sales, rather than everyday low pricing), high production costs, low flexibility, and high
debt.
I have term
plan of 1 cr., emergency fund for 6 month, PF balance 10 lakhs, PPF 3 lakhs, FD 1 lakhs.I am saving annually 1.5 lacks (tax purpose) using PF contribution, PPF and insurance premium and 50000 annually in
Debt fund (
reliance money manager fund).