Srei Infrastructure Finance vice chairman Sunil Kanoria said the RBI restructuring package is somewhat “restrictive and not a workable solution” TopicsFinancial Advisor|RBI|NBFCs The loan restructuring package announced by the Reserve Bank of India evoked mixed reactions from experts in the financial sector, as some found it helpful for the tourism industry, while others described the…
DetailsGambling is an activity that is enjoyed by many people around the world. From playing blackjack to participating in poker tournaments, people are not only entering casinos but they are playing online now too. But do you know what the laws and rules are in Australia when it comes to gambling? There have been several…
Details2.4 million of new funding to help households with money problems. More people will be able to benefit from free debt advice following investment from the Scottish Government. More than 2.4 million will be distributed among a number of advice organisations to expand their services and invest in more effective methods to help individuals with…
DetailsA COCAINE and gambling addict turned to dealing Class A drugs to pay off his debts and fund his habit, a court heard. Mark Dunn was caught acting suspiciously by police while parked up in his van on a quiet country road near Yarm in May. A search of his vehicle resulted in the discovery…
DetailsCompiled by C. ARUNO, SIRA HABIBU and R. ARAVINTHAN A FAMILY of four in Tamil Nadu, India, went into hiding in a mountain because they were afraid to take the Covid-19 test, Makkal Osai reported. When a farmer in the city of Salem was found to have been infected with the virus, health officials tested…
DetailsI REFER to the latest bankruptcy threshold of RM100,000 in the recently amended Insolvency Act 1967 (Act 360). Raising the threshold in order to prevent bankruptcy is only part of the solution. There has to be an effective mechanism to prevent and rescue people from bankruptcy as well. Although 13 amendments have already been made…
DetailsAlbury businessman and prominent racehorse owner Allan Endresz has been declared bankrupt for a fourth time, but is refusing to concede defeat in his marathon legal battle with the federal government. His latest legal setback came this week in the Federal Court where the Commonwealth had applied for a sequestrian order and Justice Jacqueline Gleeson…
DetailsAn Albury businessman has been declared bankrupt in a win for the Commonwealth which says he owes it more than $10 million following a long-running court battle. The Commonwealth had applied to the Federal Court for a sequestration order against Allan Paul Endresz . He opposed it on a number of grounds, including a submission…
DetailsCoca-Cola announced on Friday a workforce restructuring plan that will include voluntary job cuts. Shares of the beverage giant, which has a market value of $210 billion, rose 1% in premarket trading. The stock has fallen 12% this year. Coke said it will offer voluntary layoff packages to employees who qualify, starting with about 4,000…
DetailsAlbury businessman and prominent racehorse owner Allan Endresz has been declared bankrupt for a fourth time, but is refusing to concede defeat in his marathon legal battle with the federal government. His latest legal setback came this week in the Federal Court where the Commonwealth had applied for a sequestrian order and Justice Jacqueline Gleeson…
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