By Nick Brown Puerto Rico GDB amends wind-down deal to help storm-battered towns NEW YORK (Reuters) – Puerto Ricos Government Development Bank, the islands insolvent former fiscal agent now in wind-down mode, has tweaked its $5 billion debt restructuring deal to help keep small towns afloat six months after Hurricane Maria. Governor Ricardo Rossellos office…
Having worked for more than eight years in managing credit risks for Google, Ravi Malhotra saw an acute problem plaguing Indian corporates. His answer was Debt Nirvana which works with 45 clients across Asia to help them with their revenue flows. It is no secret that a key element to doing all business is credit. Be…
By TOI | Monday | 26th March, 2018 In january, 46,556 marginal farmers of Mansa, Bathinda, Faridkot, Muktsar and Moga districts had been provided relief of Rs 167.39 crore. This data would then be verified by the department of revenue for identifying farmers as small or marginal, the spokesperson added.Debt relief would be given to…
In July 2016 the Australian Government rolled out a new automated income matching system for detecting and recovering debts. The Online Compliance Intervention Program, which soon became known as “Robodebt”, was designed to help the Department of Human Services collect $4.5 million in debt every day. In that sense, it was super efficient. Too efficient,…
CHANDIGARH: The Punjab government will waive the loans of around 50,000 farmers, amounting to Rs 200 crore, during a state-level function in the first week of April in Gurdaspur, said a spokesperson of the state government on Sunday. The function will be help as part of the next phase of the Congress governments debt-relief scheme.…
Michelle OSullivan didnt hesitate when she was offered the chance to reduce her HECS debt and stay in the country town she now calls home. The director at Mathoura Preschool was the recipient of an incentive scholarship that gives $9000 to early childhood educators to help with education costs. Originally from Geelong, Michelle has worked…
An entrepreneur takes many risks simply by making the choice to start a business. You likely did all of your homework and have an excellent business model youre using. You likely secured financing through credit cards or a small business loan, both of which seemed sensible considering your anticipated revenue. If business isnt going quite…
PRESIDENT Emmerson Mnangagwa has embarked on a diplomatic initiative with Britain and other creditors as the country seeks debt rescheduling and cancellation to improve its risk profile and credit rating. By Bernard Mpofu/Melody Chikono This development could signal a shift in the countrys debt strategy. The government has in the past rejected any debt cancellation…
Nearly everyone who borrows money wants to repay it, but Joannes story demonstrates why it is so important that banks lend responsibly she was provided credit that she could not afford to pay back, leading to substantial harm. Lenders tend to market credit as a way to improve peoples financial situation (get on top of…
IOWA CITY As Iowa lawmakers keep cutting funding for higher education and university administrators keep looking for ways to do more with less help from the Capitol, University of Iowa student leaders are taking it upon themselves to help peers pay off lingering debts that prevent them from graduating. UI Student Government has been collaborating…