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Govt mulls credit guarantee scheme for loans for payment of wages by MSMEs

Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further.




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Vettel dedicates victory to team after 'incredible day'

Sebastian Vettel said that he had fallen in love with the Suzuka circuit after winning the Japanese Grand Prix for the second time




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Input Credit Balance

Dear Sir ,

As i discharged gst liabilty till march 2020 as per gst rules but lots of party submit bill in the month of april to june for last year as in next year i want to change my business line from earlier line so can i still claim input credit against output liabilty of new line business as i already paid output liabilty.




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Shilpa Shetty: Mom is an 'incredible example of strength, dignity, ethics and love'

May 10 is Mother's Day and like many other Bollywood celebrities, Shilpa Shetty took out time to talk about what an "incredible example of strength, dignity, ethics and love" her mother has been for her as well as her sister Shamita. "I am so grateful to God for blessing me with 'this' mother in this life, who has loved and supported me unconditionally and selflessly. She has been an incredible example of strength, dignity, ethics and love to both Shamita and me and moulded us into the individuals we are today. The moral and spiritual values that she gave us throughout our formative years make for such a beautiful gift - one that can never be repaid," said Shilpa.

Shilpa used TikTok's in-app campaign #ThanksMaa to thank her mother. She created a video using TikTok's photo template to express love for her mom on this special occasion. It features beautiful photographs of the actress along with her mother.

She also thanked her mother-in-law, "who encourages me with pride in all my endeavours", adding: "None of this would have ever been possible without your love and blessings". Meanwhile, to make the day even more memorable, cricketers David Warner, Suresh Raina and Shikhar Dhawan and actress Hansika Motwani will be going live on TikTok at 11 am on May 10.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Incredible headphone--Heartbeats? by Lady Gaga

Having won Grammy awards in 2009 for Best Dance Recording
monster isport headphones with the song “Poker Face” and Best Electronic/Dance Album for The Fame, Lady Gaga bagged a total of 6 Grammy...




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Credit crunch squeezing entrepreneurs and small businesses more than big firms

Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.




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SMEs and entrepreneurs need to diversify their funding amid continued credit constraints

Small and medium-sized enterprises (SMEs) are fundamental for inclusive growth and jobs, but they need to broaden their sources of finance in order to reduce their vulnerability to volatile credit market developments, according to two new OECD reports.




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Lending volumes and credit conditions are improving for SMEs, but many firms continue to struggle to obtain financing that meets their needs

Lending volumes and credit conditions for small and medium-sized enterprises (SMEs) have gradually improved, according to a new report from the OECD, but demand-side obstacles such as a lack of financial knowledge are contributing to holding back a stronger recovery.




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Statement from Participants to the Arrangement on Officially Supported Export Credits

Participants to the Arrangement on Officially Supported Export Credits have agreed new rules on official support for coal-fired power plants, including restrictions on official export credits for the least efficient coal-fired power plants, the OECD announced today.




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New export credit rules will boost railway development and help countries achieve greener growth, OECD says

New international rules on state financing of rail exports will boost the development of cleaner transportation infrastructure and help countries meet green growth objectives, the OECD said.




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Lending volumes and credit conditions are improving for SMEs, but many firms continue to struggle to obtain financing that meets their needs

Lending volumes and credit conditions for small and medium-sized enterprises (SMEs) have gradually improved, according to a new report from the OECD, but demand-side obstacles such as a lack of financial knowledge are contributing to holding back a stronger recovery.




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United States - Credit Rating

Standard & Poor's credit rating for the United States stands at AA+ with stable outlook. Moody's credit rating for the United States was last set at Aaa with stable outlook. Fitch's credit rating for the United States was last reported at AAA with stable outlook. DBRS's credit rating for the United States is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of the United States thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for the United States as reported by major credit rating agencies.




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Turkey - Credit Rating

Standard & Poor's credit rating for Turkey stands at B+ with stable outlook. Moody's credit rating for Turkey was last set at B1 with negative outlook. Fitch's credit rating for Turkey was last reported at BB- with stable outlook. DBRS's credit rating for Turkey is BB (high) with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Turkey thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Turkey as reported by major credit rating agencies.




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Amazon’s phone is about credit, not calls

People seem to resign themselves to innovations they considered dubious at the outset




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Qantas allows customers to cancel their flights and use credit for later trips amid coronavirus

Qantas passengers will be able to cancel booked flights and use the credit to reschedule trips later on.




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Qantas bows to furious Australian customers and overhauls its coronavirus credit policy

Qantas has moved to revamp its credit policy during the coronavirus crisis after a wave of anger from out-of-pocket customers.




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Liberal MP unloads on 'fear mongering Chairman Dan' Andrews for 'incredibly cruel' lockdown

Tim Smith, Liberal member for Kew in Melbourne's east, said the premier was 'fear mongering' despite Prime Minister Scott Morrison releasing a national roadmap to ease lockdown restrictions.




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Jessica Ennis-Hill reveals how she got her incredible six-pack after giving birth

Many parents struggling with sleepless nights may wonder how the Olympian from Sheffield had the time and energy to get back to her best. The 29-year-old says it wasn't easy, and reveals her fitness regime.




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Heather Dubrow shows off her incredible kitchen pantry and garden in Château Dubrow home tour

The former Real Housewives of Orange County star and her husband, Botched doctor Terry Dubrow, own a lavish mansion in Southern California.




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Strictly's Saffron Barker credits routine with AJ Pritchard with helping her to sleep since burglary

The Vlogger, 19, was left petrified by the 3am raid on her Brighton home two weeks ago, but revealed that her training schedule has left exhausted enough to go to bed.




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Beyonce thanks Tina Knowles for her 'incredible vision' as they support COVID-19 testing in Houston

Beyonce and her BeyGOOD Foundation have been aiding in the fight against the coronavirus pandemic in the United States.




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Team-mates Kieron Dyer and Lee Bowyer fought on pitch in an incredible season 15 years ago

Before this season, few Premier League campaigns had been more barmy than 2004-05, when conventions were ripped up and troublemaking footballers hit the front pages as well as the back.




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FM to meet PSU bank chiefs on Monday; to review credit flow

New Delhi, May 10 () Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 crisis. The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said. The RBI had on March 27 slashed the benchmark interest rate by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown. Earlier this month, RBI Governor Shaktikanta Das held a meeting with heads of both public and private sector banks to take stock




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FM Nirmala Sitharaman to meet PSU bank chiefs on May 11 to review credit flow

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 crisis. The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said. The RBI had on March 27 slashed the benchmark interest rate by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown. Earlier this month, RBI Governor Shaktikanta Das held a meeting with heads of both public and private sector banks to take stock of the economic situation




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Govt mulls credit guarantee scheme for loans for payment of wages by MSMEs

As part of a stimulus package for the coronavirus-hit economy, the government is working on a credit guarantee scheme to enable banks to provide additional 10-15 per cent working capital to MSMEs for payment of wages, sources said. Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further. Since units are closed due to lockdown and there has been no operation for the past two months, most micro, small and medium enterprises (MSMEs) do not have money for paying wages and financial assistance for them is under consideration of the government, the sources said. One of the proposals under consideration is to provide 10-15 per cent additional line of credit by banks over the working capital limit of the MSME sector, which is the largest employer in the country after agriculture. This loan, especially for wage payment, will be backed by a proposed credit guarantee fund so that lenders' money is ...




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FM to meet PSU bank chiefs on Monday; to review credit flow

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 crisis. The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said. The RBI had on March 27 slashed the benchmark interest rate by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown. Earlier this month, RBI Governor Shaktikanta Das held a meeting with heads of both public and private sector banks to take stock of the economic situation and review implementation of various measures announced by the central bank. The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Monday, ...




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Credit Card ग्राहक अलर्ट : कंपनियां नहीं बताती ये 5 बातें, जानना है जरूरी

नयी दिल्ली। पिछले कुछ सालों में भारत में क्रेडिट कार्ड इस्तेमाल करने वालों की संख्या में काफी बढ़ोतरी हुई है। मगर इसी के साथ क्रेडिट कार्ड के बिना या कम जरूरत पर इस्तेमाल करने में भी इजाफा हुआ है। जानकार हमेशा




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Trump is Not Credible on Coronavirus Death Tolls. A Fact Check

The distortions in the US president's statements emerged over the past week alongside his relentless bragging about the US testing system, which failed in the crucial early weeks and remains globally subpar.




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Women's T20 World Cup Final Created "Absolutely Incredible" Moment: Perry

Australia lifted the title after defeating India by 85 runs in the final of the Women's T20 World Cup in Melbourne.




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Nirmala Sitharaman to meet PSU bank chiefs on Monday; to review credit flow

New Delhi, May 10: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by




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Italian companies ask for $20 billion in state-guaranteed loans - credit agency

Large Italian companies have requested 18.5 billion euros ($20 billion) in state-guaranteed loans to weather the coronavirus crisis, state-backed export credit agency SACE said on Saturday.




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Credai alleges cartelisation, flags cement and steel prices

The Confederation of Real Estate Developers' Association of India (Credai) has written to Housing and Urban Affairs minister Hardeep Puri and Commerce




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Credai reports 40-50% hike in cement, steel prices; alleges cartelisation

The association has written a letter to Minister of Housing and Urban Affairs Hardeep Singh Puri seeking his intervention in the matter




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With no credit to Cupid, white-naped crane couples remain faithful for life

Chris Crowe, keeper of the National Zoo’s 15 white-naped cranes, is well acquainted with the strong attachments these graceful Asian birds form with their mates.

The post With no credit to Cupid, white-naped crane couples remain faithful for life appeared first on Smithsonian Insider.




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Sacred shrew mummies reveal species distribution in ancient Egypt

Nocturnal, solitary and fiercely territorial the adult Egyptian pigmy shrew—one of the smallest mammals on earth—weighs just 7 grams. French zoologist Isidore Geoffroy Saint-Hilaire first […]

The post Sacred shrew mummies reveal species distribution in ancient Egypt appeared first on Smithsonian Insider.





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New report enables creation of carbon credits for restored wetlands

How much is a wetland worth? It’s a question that has plagued policymakers, scientists and other leaders looking to protect their communities and slow down […]

The post New report enables creation of carbon credits for restored wetlands appeared first on Smithsonian Insider.




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The incredible marine diversity under boat docks

Coastal marine environments are impacted by human disturbance. Dock pilings allow MarineGEO researchers to study these impacts in a standardized way around the world to […]

The post The incredible marine diversity under boat docks appeared first on Smithsonian Insider.




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See thousands of orchids in incredible detail in the Smithsonian’s newly digitized collection

No green thumb? You don’t need to water these dazzling orchids to enjoy them. More than 8,000 living specimens in the Smithsonian Gardens Orchid Collection […]

The post See thousands of orchids in incredible detail in the Smithsonian’s newly digitized collection appeared first on Smithsonian Insider.




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CredoLab, iovation join forces to fight against credit fraud

(The Paypers) CredoLab has partnered with iovation to integrate



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Unusual Credit Card Scam




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NMI, Miura announce accreditation of M020 card payment solution with Elavon

NMI and



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Gov. Brown to sign Film/TV production tax credit bill in Hollywood

California Jerry Brown will sign a bill to expand California's film and television tax credit program into law in Hollywood; Credit: Justin Sullivan/Getty Images

A moment Hollywood's been waiting a while for will take place... in Hollywood. 

A ceremony is planned for Thursday morning at the Chinese Theater where Governor Jerry Brown will sign the "California Film and Television Job Retention and Promotion Act" into law.

The bill - also known  as AB 1839 — will more than triple the funding for California's film and television production tax credit program. 

The push to expand and enhance the tax credit program has been going on for more than a year. In August of 2013, Los Angeles Mayor Eric Garcetti used the term "state of emergency" to characterize the flight of film and television production to other states and countries. Garcetti is expected to speak at the ceremony. 

Los Angeles-area Assemblymen Mike Gatto and Raul Bocanegra are also expected to be on hand. They introduced AB 1839 in February and moved it strategically through the legislature in Sacramento. While there were few vocal opponents of expanding the tax credit program, the big question was by how much. Many supporters hoped to see the annual pot raised from the current $100 million to at least $400 million, but an exact dollar amount wasn't specified until very late in the legislative process.

In April, the state Legislative Analyst's Office released its hard look at the current tax credit program, pointing out that the state is only getting back 65 cents in tax revenues for every dollar it’s spending on the film and TV subsidy.  The bill to expand the program kept moving.

California's magic number turned out to be $330 million dollars, not as high as chief rival New York State's $420 million per year, but still more than triple California's current offering. Along with the extra cash, AB 1839 also changes the way the tax credit program will be administered.   Rather than using a one-day lottery to determine which productions receive the credit, the state will measure the projects based on their potential to create jobs.   A project that overestimates that potential could be penalized.  

 

 




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Governor signs bill raising Hollywood tax credits

In this file photo, California Gov. Jerry Brown speaks during a news conference on January 17, 2014 in San Francisco, California. Brown on Thursday signed a bill that more than triples the state's annual tax credit for film and TV production to $330 million.; Credit: Justin Sullivan/Getty Images

Gov. Jerry Brown has headed to the cradle of the Hollywood film industry to sign legislation that more than triples the state's annual tax credit to $330 million a year for films and TV shows produced in California.

Brown says the increase is needed to help prevent other states and countries from hijacking film and TV production by offering their own lucrative incentives.

Brown signed the bill Thursday at the former Grauman's Chinese Theatre, where handprints and footprints of stars from the eras of Humphrey Bogart to Robert De Niro are embedded in concrete.

Under the new system, credit will be awarded based on the number of jobs a production creates and its overall positive impact on the state.

The historic cinema is now called the TCL Chinese Theatre IMAX.

Film tax credit doc




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Danish Export Credit Agency, Tradeshift to support supply chain finance programme

Tradeshift, a supply...




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Concrete and asphalt's green credentials could be improved through changes to production

Concrete and asphalt's environmental impact could be reduced by over a third through changes to manufacturing processes and the use of alternative raw materials, according to research. A scenario study based on life cycle analysis has indicated that using alternative types of cement in concrete and producing asphalt at lower temperatures could substantially improve the green credentials of these two common building materials.




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Can discounting emission credits solve the CDM's problems?

New research suggests that reducing the value of clean development mechanism (CDM) emission credits according to a country’s wealth and their emissions could encourage advanced developing nations, such as China and India, to leave the CDM, but would not necessarily accelerate CDM projects in the least developed nations.




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NABH to set Digital Health Standards, Telemedicine accreditation in focus too

The NABH Digital Health Standards aims to consider all relevant aspects of the application of patient interfacing technologies across the continuum of care applicable for outpatient, inpatient, and remote patient monitoring.




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Credit Accounting, Senior Manager (The Woodlands)