Oregon Senator Ron Wyden told The Hill last week that another general round of direct deposits is not his top priority: "My top priorities are tying expanded unemployment benefits to economic conditions and providing more help for the smallest of small businesses." He acknowledged "a little bit of debate" even among Democratic senators about paying blanket stimulus checks to Americans making less than $75,000 annually. … [Read more...] about Second Stimulus Check Update: What the Senate, House Are Saying About Next Coronavirus Relief Package
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Netcore Solutions announced the appointment of Vishnu Peruvemba as its Group Chief Financial Officer (CFO). A decision which comes in as a part of Netcore’s upscaling strategy.Peruvemba in his new role will play a critical role in the Proficorn model of profitability driven growth. "I have admired Netcore for its track record of innovation, commitment, and financial robustness. The current market realities highlight the criticality of adhering to the fundamentals of building a sustainable business and not sacrificing profitability for the sake of mindless growth. I am proud to be a part of the organization and can't wait to contribute to it," said the new CFO.With over 30 years of experience, Peruvemba has rich experience in areas of business strategy, profit center ownership, operations finance, financial reporting, corporate governance, audit, business planning, analysis and management reporting, tax and statutory compliances, mergers and acquisition (M&A), fund management … [Read more...] about Former Bombay Dyeing CFO joins Netcore Solutions
New Delhi: Distribution companies or Discoms, often cited as the weakest link in the Indian power sector, have been the focal point of power sector reforms for decades now. The fact that the Prime Minister in a recent review meeting of Ministry of Power and Ministry of New and Renewable Energy highlighted that focus needs to be on de-stressing discoms, points towards a systemic persistent problem in the distribution sector in India.There have been many attempts by the government from time to time for financially overhauling the distribution companies, or discoms. The flagship scheme of UDAY launched in 2015 was a leap forward in this regards. As happened with earlier financial packages, the stimulus provided by UDAY also failed to make a difference as discom debts and outstanding dues have reached pre-UDAY levels in 2020.To further add to the discoms’ financial woes, the nationwide lockdown aggravated the situation with electricity consumption falling steeply, particularly for … [Read more...] about OPINION: Will power discoms ever become “Aatmanirbhar” or self-reliant?
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
StarleafStarleaf has introduced a free version of its conferencing software to enable remote working for all employees during the coronavirus crisis, and is also providing customers with additional licensing flexibility. The free version is available worldwide and across all devices, requiring only an internet connection and email address. … [Read more...] about Paid software and services available for free during the pandemic from Microsoft, Facebook and more [updated daily]