New Delhi: March 15, 2016, DHNS Finance Minister Arun Jaitley on Monday urged the Opposition to help pass bankruptcy and insolvency laws in Parliament, in absence of which, the government was unable to get a firm handle on the long pending issue of non-performing assets (NPAs), and wilful defaulters. The country needs bankruptcy and insolvency…
DetailsIf you watched the last Republican presidential debate, you may have noticed the split on Social Security among the final four. Donald Trump vowed not to cut benefits. His three rivals would — by raising the retirement age, reducing payouts for wealthier people, diverting payroll taxes to private accounts or trimming cost-of-living increases. Why the…
DetailsThe Zika virus is the newest threat to humanity, especially pregnant women, so they say. Big Pharma is working feverishly to create a vaccine. Chances are the vaccine will be created, highly profitable, and Big Pharma will be held harmless for injuries to those who were vaccinated. Add GM mosquitos, birth defects, Brazilian Olympics, big…
DetailsMINNEAPOLIS A growing number of companies are dangling a recruitment perk that is tailor-made for the millennial generation: debt relief. Free snacks and gym memberships dont hold the allure they once did for young people entering the working world. Buried under student loans of more than $29,000 on average, they want help. For this millennial…
DetailsHARTFORD, Conn. (WTNH) A new online student loan repayment guide has been created by several state agencies to assist Connecticut college students with repaying loans. The offices of Attorney General, Consumer Protection, and Banking gathered information the U.S. Department of Education and Consumer Finance Protection Bureau, among others, in creating the guide with the…
DetailsDelGrosso: “Our target is to break even by the fourth quarter; we’d like to do it faster than that.” A year after filing for Chapter 11 bankruptcy, Chassix Inc. is inching closer to fixing the plant that almost single-handedly sent the supplier into insolvency. The supplier’s Bristol, Ind., plant, which manufactures automotive die-cast and machined…
DetailsA new wave of debt restructuring all over Latin America is poised to drive dealmaking as many companies find no other way to obtain cash. Most of the transactions out there require credit and, whether you are an investor or a banker, either you figure out how to do that or you dont have a…
DetailsOutsourcing group Capita is axing jobs at its IT enterprise services operations in Nottingham as part of a restructuring. Up to 40 jobs are set to go at the site, part of the Capita subsidiary whose services range from administering pension schemes to collecting the TV licence. A spokesman said the move was a one-off,…
DetailsIndia foreign direct investment (FDI) remains healthy while competitive federalism, the devolution of economic resource allocation and decision-making to the states is producing results said Adrian Lim, senior investment manager at Aberdeen Asset Management. In an interview to ET he said though corporate earnings growth has been stalling there have been signs of resilience among…
DetailsInsolvency firm Begbies Traynor has won a major new insolvency services contract with the Northern Ireland governments Department of Enterprise, Trade and Investment (DETI). Begbies said the contract will be managed by its Scotland and Northern Ireland operation, who will help the DETI manage historically high levels of both corporate and individual insolvency. Begbies said…
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