Relief for banks, debt-laden companies as RBI dilutes circular

Banks now have more leeway in dealing with defaulters with the RBI coming out with a diluted version of its February 2018 circular on defaulting companies which was struck down by the Supreme Court. The new norms, which apply to borrowers with loans of over Rs 2,000 crore, give relief on the “one-day default” rule … Read moreRelief for banks, debt-laden companies as RBI dilutes circular

The cluster?uck that is the VA Hiring Process

usastaffingoffice@opm.gov 2:56 PM (2 minutes ago) to me Dear Virgil Bierschwale, This refers to the application you recently submitted to this office for the position below: Position Title: Program Analyst Pay Plan/Series/Grade: GS-0343-7/9/11 Hiring Office: George H OBrien Jr VA Medical Center Location: Big Spring, Texas Based on the application package you submitted and/or the answers provided … Read moreThe cluster?uck that is the VA Hiring Process

Wipro’s Premji to retire on July 30, son Rishad to succeed

Bengaluru, June 6 (IANS) Signalling an end of an era, Indian IT industry czar and Wipro Founder Chairman and Managing Director Azim H. Premji, 73, will retire on July 30. His son and the company’s Chief Strategy Officer Rishad Premji will succeed him on July 31 as the Executive Chairman, the global software major said here … Read moreWipro’s Premji to retire on July 30, son Rishad to succeed

Mexico Withholds Identities of Migrant Caravan Funders in U.S., Britain

Mexican authorities are not releasing the names of the 26 individuals and entities whose assets were frozen as part of a new probe into migrant caravans and cartel-linked human smuggling organizations. The investigation was moved into high gear this week as tensions between the U.S. and Mexico escalated over tariff threats as a punitive measure … Read moreMexico Withholds Identities of Migrant Caravan Funders in U.S., Britain

President Signs Bipartisan Disaster Bill into Law with Funding for Iowa

WASHINGTON – Today, President Trump signed into law the much-needed bipartisan disaster supplemental bill that will provide Iowa with crucial funding to rebuild and recover following devastating flooding that hit Southwest Iowa in March. Rep. Axne has fought tirelessly to include $3 billion in funding for Iowa and the Midwest in disaster funding since March. … Read morePresident Signs Bipartisan Disaster Bill into Law with Funding for Iowa

New NPA norms offers leeway to lenders, borrowers

Two months after the Supreme Court struck down the February 12 circular, the Reserve Bank on Friday issued a revised framework for resolving stressed assets by offering lenders a 30-day period to label an account an NPA but has withdrawn all other resolution methods. The new directions, effective immediately, retain the basic spirits of the … Read moreNew NPA norms offers leeway to lenders, borrowers

Author Judith Teitelman: ‘I have been particularly drawn to Ganesha’

BY VEENA RAO Guesthouse for Ganesha She Writes Press Released on May 7, 2019 Fiction – 256 pages Judith Teitelman is the author of the newly released novel, ‘Guesthouse for Ganesha’, a riveting story of lost love, survival and spiritual awakening. In 1923, Esther Grünspan, a seventeen-year-old Jewish girl, arrives in Germany with a broken heart. … Read moreAuthor Judith Teitelman: ‘I have been particularly drawn to Ganesha’

Improved Mapping Tool for Local Area Unemployment Statistics

We publish thousands of unemployment rates each month for states, metro areas, and counties. That can make them hard to follow, but we just upgraded our mapping tool to make it easy. Instead of wading through all those numbers, just check out the latest maps for what you need. We have rebuilt the tool using … Read moreImproved Mapping Tool for Local Area Unemployment Statistics

What Would It Take to Spark a Rural/Small-Town Revival?

Recent research supports the idea that this under-the-radar migration is already under way. The decline of rural regions and small towns is a global phenomenon, and the causes are many but boil down to two primary dynamics: 1. Cities and megalopolises (aggregations of cities, suburbs and exurbs) attract capital, infrastructure, markets and talent, and these … Read moreWhat Would It Take to Spark a Rural/Small-Town Revival?

US Senators Manchin and Capito Invite Global Business Leaders to Attend SelectUSA Investment Summit and Discover Why West Virginia is the Right Choice for Global Companies

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.This post contains external links. Please review our external linking policy. Sara B. Dearing is the Executive … Read moreUS Senators Manchin and Capito Invite Global Business Leaders to Attend SelectUSA Investment Summit and Discover Why West Virginia is the Right Choice for Global Companies

Here’s What It Was Like to Rent an Electric Car From Maven Gig for Rideshare Driving

One barrier to entry into the gig economy is that you need a car if you want to drive for Uber, Lyft, Postmates, Grubhub or the other services. And not just any car: it must be economical, reliable and meet the platform requirements. If you’re considering renting a car for rideshare, RSG contributor Gabe Ets-Hokin … Read moreHere’s What It Was Like to Rent an Electric Car From Maven Gig for Rideshare Driving

Indian CEO of crypto firm charged in $66 million accounting fraud scheme

NRI Pulse Staff Report Atlanta, GA, June 7, 2019: The Indian CEO of a commodities trading company has been indicted for allegedly orchestrating an accounting scheme to defraud investors and others by recognizing more than $66 million in fake revenue in the company’s public filings. Venkata Meenavalli, 49, of India, was charged by indictment with … Read moreIndian CEO of crypto firm charged in $66 million accounting fraud scheme

RBI issues new NPA recognition norms

The Reserve Bank on Friday issued a new framework for resolution of bad loans, replacing the previous norms quashed by the Supreme Court in April, offering a 30-day gap for stress recognition instead of the one-day default earlier. The new circular provides for a framework for early recognition, reporting and time-bound resolution of bad loans. … Read moreRBI issues new NPA recognition norms

Homelessness and Hurricanes: The Aftereffect of Storms on Poor Populations

Hurricane season is inching around the bend and the first named storm of the season (Subtropical Storm Andrea) has already touched down prior to June 1st. A premature start to hurricane season is a trend that’s been ongoing for five … Continue reading → The post Homelessness and Hurricanes: The Aftereffect of Storms on Poor … Read moreHomelessness and Hurricanes: The Aftereffect of Storms on Poor Populations

CPA Op-ed: Reliance on foreign mines an environmental and national security risk

Excerpt: “less than half of the minerals used by America’s manufacturers are actually sourced domestically” Americans recently woke up to the news that China is threatening to cut off supplies of “rare earth” metals to the United States. It’s a troubling situation. But such alarming headlines could finally motivate Washington to rectify a longstanding problem … Read moreCPA Op-ed: Reliance on foreign mines an environmental and national security risk

What ex-IL&FS bosses got for loans? Trips, jets, more

Foreign trips, chopper riders and interior decoration at houses aboard — the probe into the IL&FS saga has unearthed such inducements that the top brass allegedly got from borrowers in return for faster loans and delayed recoveries. A probe has revealed several cases where the top brass got personal benefits from the borrowers of IL&FS … Read moreWhat ex-IL&FS bosses got for loans? Trips, jets, more