Fuel credit cards for businesses

Household debt on credit cards and loans and car finance had been rising before the coronavirus struck. Damon Gibbons, director of the Centre for Responsible Credit, said some lenders were being more flexible than others with consumers. “There’s going to be a lender lottery as a result of all this,” he said. … [Read more...] about UK banks granted 1.5m payment holidays on credit cards and loans

In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Client Relationship Specialist, Charles Schwab Inc., Los GatosService Manager, Chipotle Mexican Grill, Los GatosRN Home Health, Brookdale Senior Living, Mountain ViewBDC Manager, Infiniti of San Jose, San JoseCasino Customer Service Associate, Blackstone Gaming, San JoseConcrete Sales Assistant, Graniterock, San JoseMember Service Representative, Pacific Postal Credit Union, San JosePatient Care Coordinator, Heartland Hospice, Santa ClaraFinancial Planner, Fidelity Investments, SunnyvalePackage Handler, United Parcel Service, Sunnyvale Looking for a job in Southern California? Then see: … [Read more...] about Job Openings In NorCal: Businesses Hiring Amid Coronavirus

Treasury Secretary Steven MnuchinSteven Terner MnuchinCoronavirus guidelines sent to every American cost USPS M The Hill's Coronavirus Report: Unemployment claims now at 41 million with 2.1 million more added to rolls; Topeka mayor says cities don't have enough tests for minorities and homeless communities House Democrats press Treasury on debit cards used for coronavirus relief payments MORE said in a statement that the credit "incentivizes American businesses to invest in carbon capture technology and promotes safe and environmentally conscious storage for carbon oxides that would otherwise be emitted to the atmosphere.”  … [Read more...] about IRS proposes guidance for expanded carbon capture tax credit

In the Rs 20 lakh crore fiscal stimulus announced by the government, there is a credit line to MSMEs worth Rs 3 lakh crore which is going to be 100 percent backed by CG and covers both interest and principal. Additionally, the government plans to provide Rs 20,000 crore of subordinate debt to MSME promoters which could be used as equity. The government will provide Rs 4000 crore to CGTSME which in turn will provide partial credit guarantee to banks under this scheme. The other schemes provide full and partial guarantees to NBFCs, HFCs and MFIs to enable them to raise liquidity and capital. Thus, we are back to not just CGs but the possibility of multiple CGs being governed by multiple agencies. … [Read more...] about Credit guarantees of 1970s make a comeback