MUMBAI — India has launched its recapitalization scheme totaling 2.1 trillion rupees ($32.3 billion) to help state-run banks write off nonperforming loans and put the economy back into high gear. State Bank of India, the country’s largest commercial bank, said Friday that shareholders approved a private allotment of preferential shares for the government. The bank will receive an…
EMERYVILLE, Calif., March 27, 2018 /PRNewswire/ — Student loan borrowers often feel like victims of their debt, perhaps especially if they have a high balance. Or they may feel like victims of predatory lending or of a society that pushed them to take on any amount of debt for a degree that may or may…
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. FILE PHOTO – The Government Development Bank (GDB) is seen in San Juan, November 30, 2015. Reuters/Alvin…
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…