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The great Covid dole - Newspaper

The writer is a business and economy journalist. NEWS is coming in that the agreement reached between the government and the IMF for restarting the programme includes up to Rs200 billion of continuing spending for Covid support, an amount that is substantially lower than the unspent funds committed by the prime minister under his relief package announced at the start of the pandemic last year. The news has not yet been confirmed officially by the Fund or the government, but has been reported by the intrepid Shahbaz Rana. The Fund had hinted at this in its last statement when it said the fiscal strategy to be followed under the terms agreed “allows for higher-than-expected Covid-related and social spending to minimise the short-term impact on growth and the most vulnerable.” We do not yet have details on how the government proposes to spend this additional Rs200bn but note the distinction the IMF draws in its language between spending to support growth and spending to support th

Universal Credit uplift helps thousands of Barrow households

Erfolg in Krisenzeiten? Der Online-Bereich macht es vor

Erfolg in Krisenzeiten? Der Online-Bereich macht es vor
heute.at - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heute.at Daily Mail and Mail on Sunday newspapers.

Quick lending upturn unlikely | BusinessWorld

BusinessWorld THE FINANCIAL Institutions Strategic Transfer (FIST) Law will not be enough for a “turnaround” in credit growth even as it aims to help banks offload non-performing assets (NPAs), ANZ Research said in a note. “It (FIST Law) is unlikely to trigger a credit cycle until the risk profile of borrowers improves, a development that is contingent upon a broad-based upturn in the business cycle,” ANZ Research Chief Economist Sanjay Mathur said in a note sent on Thursday. Republic Act No. 11532 signed by President Rodrigo R. Duterte last week allows banks to get rid of soured loans and NPAs by selling them to Financial Institutions Strategic Transfer Corporations (FISTCs).

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