Prime Minister Narendra Modi’s programme to help small businesses back on their feet through $40 billion of government-gauranteed loans is too little and may not be enough to save the many companies that form the backbone of India’s economy, nearly three dozen entrepreneuers Reuters spoke to across the country said. … [Read more...] about India’s ambitious plan to help small businesses does little to save them
It support companies for small business
Its not yet known how the Federal Government’s next wave of support would be allocated but Ms Cash told news.com.au it would make sense to support hard-hit industries such as hospitality and retail nationwide rather than narrowing the focus to Victoria. … [Read more...] about Federal Government splurges $5 million to help local small business
"Twitch does not have a great history of dealing with things like sexual harassment, for example," said Bo Ruberg, assistant film and media studies professor at the University of California, Irvine. Now, they added, "we're seeing them respond more quickly...It's the kind of moment where people seem to be expecting companies to respond more quickly to social justice issues." … [Read more...] about Gaming companies are responding to a wave of sexual misconduct allegations
Britain's budget watchdog, the Office for Budget Responsibility, said in March — before the country entered lockdown — that it expected economic output to be about 4% lower over the next 15 years than it would have been without Brexit, even if the United Kingdom and the European Union reach a "typical" free trade agreement. … [Read more...] about Could the United Kingdom become an emerging market?
Pitching for more fiscal support to revive the economy, Hero Enterprises Chairman Sunil Kant Munjal on Friday said the overall recovery in the economy may take 2-3 years even as some sectors could see a quicker recovery. "The overall recovery in the economy will take between 2-3 years. But, we will see sectors come up very quickly. Some important sectors with large multiplier and large potential for employment, which are still struggling, and without support, they will actually not be able to fully recover in this time," Munjal said. He was speaking at a SBI-hosted virtual banking and economy conclave on the "impact of COVID-19 on business and economy". There is a need for "intervention", some of it as structural and longer-term permanent requirement for the overall system and some for the present times, he said adding that "the government needs to be prepared not just to provide monetary support but at least two more doses of fiscal support, sectorally and may be even at some point … [Read more...] about Overall recovery in economy may take 2-3 years; more fiscal support needed: Munjal
Meanwhile, some legal experts say that the special consideration the government gave faith groups in the loan program has further eroded the wall between church and state provided in the First Amendment. With that erosion, religious groups that don’t pay taxes have gained more access to public money, said Marci Hamilton, a University of Pennsylvania professor and attorney who has represented clergy abuse victims on constitutional issues during bankruptcy proceedings. … [Read more...] about AP: After lobbying, Catholic Church won $1.4B in virus aid