Discover and read the best of Twitter Threads about #moratorium

Most recents (21)

Daily Bookmarks to GAVNet 08/18/2021 greeneracresvaluenetwork.wordpress.com/2021/08/18/dai…
New clean energy tech extracts twice the power from ocean waves

techxplore.com/news/2021-08-e…

#CleanEnergyTechnology #OceanWaves #PowerHarvesting #efficiency
This town is the first in America to ban new gas stations – is the tide turning?

theguardian.com/us-news/2021/a…

#GasStations #moratorium #california #TransportationSystem #usa #consequences
Read 8 tweets
Peminjam individu, dan perusahaan mikro, kecil dan sederhana (PMKS) yang terjejas akibat pandemik Covid-19 boleh mula memohon moratorium selama enam bulan mulai 7 Julai, 2021, kata Bank Negara Malaysia (BNM).

bit.ly/3hxqEhm

#Infografik #Moratorium Image
Image
Image
Read 5 tweets
Justice Rohinton Fali Nariman led bench of the #SupremeCourt to consider an appeal with a question on whether the erstwhile directors of a company be liable under section 27 of the Consumer Protection Act after a moratorium is issued in the company under section 14 of #IBC
The other question of law in the appeal is whether the directors be held liable for criminal proceedings if they don’t comply with an order which is passed against the company which is on #moratorium at the moment.
Supreme Court issues notice. High Court order stayed
#SupremeCourt
Read 4 tweets
WHAT HAPPENED TO LAXMI VILAS BANK?

A #THREAD

@dmuthuk @RBI @FinKrypt @Rishikesh_ADX @DividendGrowth Image
The banking sector, in India, has been under stress for several years now.

Both the NBFCs and banking institutions (predominantly, public sector banks) have seen substantial deterioration in their asset quality.

#banknifty #nifty50 #nifty #NASDAQ #writerslife #writing
Over the past two years, we have seen many well-known names within these sectors.

The latest in the series being is the 93-year old #LakshmiVilasBank

#StockMarket #stockstowatch #sharemarket #Zomato
Read 12 tweets
FM Announcement
#Atmanirbhar Rozgar Yojana
 • EPFO registered companies incentivized to hire freshers or those who have lost their jobs from Mar-Sep
 • CG to contribute EPF on behalf of employees for the next 2 years where wages <15,000.on behalf of employers if <1000 employees
Emergency Credit Limit Guarantee Scheme
 • Extended to stressed sectors per KV Kamat report
 • Outstanding debt 50-500 Crores, to any sized company as long as account was not NPA pre #covid
 • 20% extra borrowing to be repaid over 5 years. 1 year #moratorium
Production linked incentive scheme
 • 10 new champion sectors
 • to boost exports, manufacturing, employment
 • Rs. 1,45,000 Crores
Read 11 tweets
Evening News - InfoSnippets - 3rd October 2020

Match 1 - #IPL2020 - #RCB wins against #RR
infodigger.in/searchnews?new…

Match 2 - #Capitals vs #KKR (KKR won the toss and elect to bowl)

- 1
Loan #moratorium case: Centre ready to waive compound interest on loans of up to Rs 2 crore
infodigger.in/searchnews?new…

Prime Minister Narendra Modi dedicates #AtalTunnel to Nation
infodigger.in/searchnews?new…

MH Govt releases SOP for restaurants
infodigger.in/searchnews?new…

- 2
#TamilNadu COVID19 stats - 03 Oct
infodigger.in/searchnews?new…

#ChennaiPolice continues drive against drugs
infodigger.in/searchnews?new…

@cmrlofficial steps in to help UPSC candidates
infodigger.in/searchnews?new…

- 3
Read 4 tweets
With threats of #homelessness and #bankruptcy in the air as the #eviction moratoriums subside, both renters & small #landlords are getting pinched by predatory #tech #capitalism as the #gigeconomy hits the #RealEstate market.
by Raul Diego @hijodelcuervo
mintpressnews.com/kushner-linked…
A “tsunami” of #evictions is about to sweep across the US when the 120-day #moratorium ends today, threatening millions of Americans with #homelessness or worse – a new set of #landlords called #Facebook, #Google and #Apple.
by Raul Diego @hijodelcuervo
mintpressnews.com/tech-giants-po…
Powerful #tech players like #IBM, #Microsoft and #Facebook are teaming up with hospital networks with links to the #Vatican and tech lobbying groups to shape the conversation about the future role of tech in the public sphere.
by Raul Diego @hijodelcuervo
mintpressnews.com/big-tech-giant…
Read 3 tweets
RBI MORATORIUM OF LOAN REPAYMENT:

Supreme Court will take up for hearing today petitions challenging the interest component of the RBI's circular on loan moratorium.

Court is considering the aspect of interest levied on interest during the moratorium period.

#SupremeCourt @RBI
In the previous hearing, the #SupremeCourt had pulled up the Centre for failing to make its position on the issue clear.

@RBI

barandbench.com/news/litigatio…
The moratorium period allowed for by the RBI came to an end yesterday (August 31).

Separate pleas seeking extension of this moratorium period are also likely to be taken up by the Court today.

#SupremeCourt @RBI #moratorium
Read 14 tweets
As we are nearing the #COVID19 #economy #shutdown , schools likely to reopen , #moratorium and Govt pay checks to end soon , let’s see the likely scenario which may play out socially and economically

Middle-income
countries such as India, South Africa, and Brazil are rapidly
experiencing rising levels of social and economic destruction as millions of people that were just about managing have been tipped over the edge by the
pandemic. Even the world’s richest countries are not immune.
The dramatic slowdown in the global economy,
coupled with severe restrictions on movement, has resulted in mass job losses over the last few months. With no income or social support, millions of people cannot afford enough to even eat.
The International Labour Organization estimates that the equivalent of 305 million
Read 12 tweets
Anidst the #COVID19 pandemic,the @narendramodi govt came out with a slew of steps to help #MSME sector-- a Rs 40000Cr fund to help distressed units by way of #Equity, Quasi-Equity& #SubordinatedDebt, guaranteed to the tune of 90% by govt's #CGTSME is easing stress!

#Modinomics💪 Image
Read👇 to know about eligibility criteria of #MSMEs that qualify, difference between #SeniorDebt & Subordinate Debt,Intetest Rate that will be charged,etc..

#economy Image
Amidst*
Read 9 tweets
German GDP down 10% in June qtr

France down 14%

Singapore minus 41%

#USGDP minus 32.9%,as per advance estimates

#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth

Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
Besides Farm sector,thx to Banking clean-up,by @narendramodi govt, #Banks are doing well too

#SBI reported 81% jump in net profit at Rs 4189Cr

Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%

#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#NetNPAs of #SBI fell from 2.23%,to 1.88%,in June2020 qtr

Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses

SBI made Covid related provisions worth 1836Cr inJune qtr

Total provisions against Covid related losses are 3008Cr
Read 13 tweets
Ini adalah thread #moratorium

BENARKAH MENTERI SIMPATI BANK TANGGUNG ‘KERUGIAN’ KETIKA MORATORIUM: BAGAIMANA PULA DENGAN NASIB RAKYAT?

Kongsikan!
Merujuk jawapan YB Dato’ Sri Tengku Zafrul, Menteri Kewangan di dalam Dewan Rakyat, beliau menyatakan bahawa sektor perbankan dianggarkan mengalami kerugian sebanyak RM1.06b sebulan sepanjang tempoh moratorium atau sebanyak RM6.4b secara keseluruhan
Gambaran yang diberikan oleh kerajaan juga seolah-olah desakan orang ramai agar tempoh moratorium dipanjangkan tidak akan diendahkan.
Read 28 tweets
[RBI LOAN MORATORIUM ISSUE]

A Justice Ashok Bhushan led bench of the Supreme Court hears the plea seeking relief from the interest payable on the moratorium offered on loans by the @RBI

SG Mehta: These loanees need not be small time loans. It can be 500 crores to 2000 crores.
J Shah: Not necessarily

J Bhushan: You can't have such distinctions

SG Mehta: Banks are also under obligation to give compound interest to depositors.

#SupremeCourt
#moratorium
#lockdown
J Bhushan: We understand that since you give interest to depositors you will charge the same.

SG Mehta: Moratorium only means deferment.

J Bhushan: You are saying that payment of 1 lakh is deferred. But you cannot charge interest on this 1 lakh after 3 months.
Read 23 tweets
#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%

Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut

#MPC meet was held ahead of schedule from 3rd-5th,June

#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass

Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful

This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels

Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend

#Covid
Read 10 tweets
#MORATORIUM

1. Jika anda tidak ambil, bayar loan macam biasa.

2. Jika anda ambil, anda ada 2 option pula.

i. Bayar ansuran terkumpul 6 bulan pada Oktober 2020 (tiada tambahan interest)

ii. Bayar macam biasa start Oktober 2020. Tapi kena interest lepas tarikh matang.

(Thread)
Kalau pilih option 1, sama je macam anda bayar bulan-bulan tapi bukan sekarang. Bank hold dulu due date. Anda perlu bayar sekelepuk terus pada bulan Oktober nanti. Anda ada masa kumpul duit sampai Oktober 2020. Tiada interest tambahan.
Jika option 2 yang mana menjadi pilihan ramai kerana sebelum ini kita tak diberitahu pasal interest, anda boleh bayar balik bulanan macam biasa bermula Oktober nanti. Tapi....

Sepanjang 6 bulan anda tak perlu bayar ni, anda akan kena interest yang akan ditambah di hujung loan.
Read 6 tweets
#SupremeCourt bench of Justices NV Ramana, SK Kaul & BR Gavai begins hearing petitions challenging the March 27 notification of the Reserve Bank of India announcing moratorium on loans permitting borrowers to skip EMI from April to June due to #Lockdown in the wake of #Covid19
Justice Kaul: Have the petitioners taken some loan ?

Advocate Shibshankar Saha: This is for the general public

J Ramana-- We are not here to decide whether the scheme is profitable scheme, good scheme, bad scheme. If you're not a borrower ,you don't know anything
J. Kaul: There may be people who have taken loans and who may feel the arrangement is working or not ..kindly do not make balance of litigation into filing such petitions.

J. Ramana: How can you say it's a bad scheme?
Read 9 tweets
Finally, after so much wait, @RBI Governer comes out to provide much needed relief to economy - key announcements thread:

#RBI #economy #rbigovernor
1. Yes, even after all the projections of economic growth slip, India might still stay at the top of global economic growth chart (As per IMF).

#IMF #GDP
2. NBFCs, this time RBI has looked out for you.

TLTRO 2.0 - targeted long term repo operations of INR 50k crore ease the liqudiity issues, specifically for NBFCs.

#NBFC
Read 9 tweets
@RBI #moratorium of 3 mths of #EMIs on all oustanding term loans as on Mar 1, 2020. Includes all #Banks & #NBFCs. #EMI payments will restart only once the time period expires. A #creditcard #loan is not classified as a #TermLoan. It is basically revolving #credit. @fifaindiaorg
This #EMIHOLIDAY is not a Waiver. Once things are normal the deferred #EMIs have to be paid. It simply won't have a negative effect on #CIBIL score. This will not happen in an automated manner, bank has to approve on the basis of request. #moratorium @RBI #RBItoday #rbigovernor
While #CreditCards are defined as revolving credit & not term loans, as per clarity from @RBI it is clear that credit card dues are also covered. Though this must be avoided if possible. #Moratorium #EMIHOLIDAY
Read 3 tweets
Fakten von @netzpolitik_org:

Etat des #Verfassungsschutz'es von 2015 bis heute beinahe verdoppelt – von 230 Millionen Euro auf 421 Millionen Euro.

netzpolitik.org/2019/mehr-uebe…
Das #Bundeskriminalamt erhielt 2015 noch 430 Millionen Euro, während es in diesem Jahr bereits 792 Millionen sind.
#BND erhielt 2015 noch 615 Millionen Euro, während im Haushalt für 2020 stattliche 967 Millionen Euro vorgesehen sind.
Read 35 tweets
WHISTLEBLOWING: Today, in accordance with our whistleblowing polices, I have formally reported my concerns about #seriousmalpractice in @TheGreenParty to the CEO and Chair of Executive. #GreenParty #whistleblowing #complainantidentity #Challenor @VeritaUK @InquiryCSA Please RT
It is with #heavyheart that after 16 yrs in Party I have felt need to do so. I cannot sit back & watch Party corrupted by those who wld abuse their membership rights or subvert their officer roles – a Party which I & Greens before me have toiled over for sake of people and planet
I am raising alarm abt #seriousmalpractice in way members are being disciplined, now & in recent past, with regard to allegations of “transphobia”. I'm calling for urgent review of our complaints system & #specialmeasures to police these processes & safeguard against their abuse.
Read 14 tweets
On Friday, four #Saami Reindeer Herding Communities, from both sides of the Swedish/Norwegian border declared a moratorium at the Nása Mountain, to challenge the proposed opening of a mine in the area.

What follows are excerpts from their Moratorium Statement:
Since time immemorial, the Nása Mountain has been used as grazing pastures by reindeer herding Saami. Through a system of ecologically sustainable hunting, fishing and reindeer husbandry, this area has become a site where Saami have co-existed with nature on its own terms.
Long before the State colonised the Nása Mountain area and decreed that every reindeer herder had to belong to a state-approved herding district, this mountain used to be a privately owned Saami tax district, as well as a reindeer herding district governed by consuetudinary laws.
Read 20 tweets

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