(The Center Square) – Maine Gov. Janet Mills is hoping a compromise to extend tax breaks on Paycheck Protection Program loans will convince critics to support the measure.
Argentina state energy company YPF expects to win high take-up from creditors in a bond restructuring of its 2021 notes, on which it faces a $413 million payment next month, which would clear at least its short-term default risk.
Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks?
RBI s database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy
Prasanna Mohanty | February 10, 2021 | Updated 18:39 IST
What compromises the Indian economy further is India s repeated failure to resolve stressed assets over the past few decades
In November 2020, an internal working group (IWG) of the Reserve Bank of India (RBI) recommended that India s large industrial houses be allowed to run banks to increase credit-to-GDP ratio from the current level of 50% to more than 150%, in line with many developed economies, for higher growth. Now Prof. Arvind Panagariya, former Niti Aayog vice-chairman, is claiming that India faces acute problem of credit deprivation to support the same cause.
Follow us Get news via Twitter
Become a fan Join us on Facebook
Subscribe Net News via RSS
Beasley Revenue Falls, Income Rises In Fourth Quarter
February 10, 2021 at 5:39 AM (PT)
Q4 Results
BEASLEY BROADCAST GROUP fourth quarter 2020 revenue fell 5% year-to-year to $68.5 million, blamed on pandemic-related advertising decreases, but net income rose 234% to $11 million (38 cents/diluted share), with income including a $4.4 million gain on dispositions, $3.6 million in other operating income and $2.2 million of non-cash impairment losses in 2020 and a $17.1 million gain on dispositions and $13.7 million of non-cash impairment losses in fourth quarter 2019.
CEO CAROLINE BEASLEY said, “BEASLEY’s 2020 fourth quarter financial results reflect the ongoing recovery of our business and solid execution by our teams in generating sequential quarter-over-quarter revenue growth that exceeded the high-end of the preliminary range we announced in JANUARY.