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Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates
The government has introduced its bill to reduce student debt. Photo: Australian National University.
The Federal Government has fired the starter’s gun on the business schedule for the new parliament by introducing its legislation to cut student debt.
Labor’s bill seeks to cut 20 per cent off all higher education student debts, with the aim to wipe away more than $16 billion for about three million Australians.
It’s likely to pass with little trouble, as both the Opposition and the Greens have signalled enough initial support for it to get up when it arrives in the Senate.
The government won’t need any help to have it first pass the House of Representatives.
Anthony Albanese said the aim of the bill was to deliver cost of…
The number of South Koreans in their 50s and older seeking debt relief surged in the first half of 2025, reflecting a growing financial strain among aging households.
According to data obtained Tuesday by People Power Party lawmaker Choo Kyung-ho from the Credit Counseling & Recovery Service (CCRS), 47,750 individuals had their principal debt reduction approved via the government’s individual workout program during the first half of 2025. Older borrowers accounted for a significant portion of the total, with 19,656 applicants aged 50 and above. This included 11,633 in their 50s and 8,023 aged 60 or older, both record highs. The number of approvals…
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The development came after Adani group reportedly made an unconditional bid for debt-ridden Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process (CIRP).
“The proposed combination relates to the acquisition of up to 100 per cent of the shareholding of the target (Jaiprakash Associates Ltd) by the acquirers (Adani Enterprises Ltd and Adani Infrastructure and Developers Pvt Ltd) or any other entity forming part of the Adani Group,” according to a notice filed…
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Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, said:
“The number of corporate insolvencies fell in June, reaching their lowest level for this month since 2022. The yearly decline has been driven by a drop in the number of Creditors’ Voluntary Liquidations (CVLs) and Administrations, alongside a slight fall in Company Voluntary Arrangements (CVAs). Whilst a single month of data does not indicate a long-term trend, it may signal that some directors are holding back from taking formal action…
The development came after Adani group reportedly made an unconditional bid for debt-ridden Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process (CIRP).
“The proposed combination relates to the acquisition of up to 100 per cent of the shareholding of the target (Jaiprakash Associates Ltd) by the acquirers (Adani Enterprises Ltd and Adani Infrastructure and Developers Pvt Ltd) or any other entity forming part of the Adani Group,” according to a…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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A groundbreaking approach to financial recovery is giving hope to households grappling with rising credit card debt. Thanks to advanced technology, what once felt like insurmountable debt can now be tackled with structured, practical steps, offering a real lifeline for families worldwide.
Jenn Allan, who works in Delaware’s property sector, found herself overwhelmed by mounting credit card balances. After a traumatic birth in 2023 left her daughter in the NICU, Allan suffered severe postpartum depression and was forced to stop working. As her income dried up, her credit card debt soared to $23,000 (£17,114.50), as reported by The Daily Mail.
Desperate for a solution, Allan turned to ChatGPT for help. ‘I already use ChatGPT every day…
Laws to cut debts for university students and graduates are expected to be waved through parliament, saving people hundreds of dollars a year in repayments.
Federal Education Minister Jason Clare said legislation to slash HECS debts by 20 per cent and increase income thresholds before minimum repayments kick in will make the system fairer.
“It means you start paying off your uni degree when uni starts to pay off for you,” he said while introducing the bill to the House of Representatives on Wednesday.
Education Minister Jason Clare says three million Australians will benefit from HECS debt cuts. (AAP VIDEO)
It is the first bill the Albanese government put before parliament at the start of its second term.
Jason Clare is now introducing the childcare safety bill in the House of Representatives.
The education department secretary will have the power under this bill to consider a provider’s “quality, safety and compliance history” to determine whether they should be approved to access the childcare subsidy.
Clare says this has “never been part of the childcare subsidy system” but he concedes that government’s haven’t worked fast enough.
I’ve been pretty blunt. In the last few weeks, people have been arrested and convicted of offences like those alleged before, and governments of different colours, state and federal have taken action, but not enough, and not fast enough….
