The SBC scheme was intended to help small and medium-sized businesses affected by the Covid-19 pandemic. From June, Inland Revenue will default a loan if it was not paid off, and default interest would be charged. “More than 129,000 businesses were issued loans totalling $2.4 billion. The average amount approved was $17,000.” AdvertisementAdvertise with NZME.
On March 8, 2025, the Department of Government Efficiency announced (archived) on X that, during the COVID-19 pandemic in 2020 and 2021, the Small Business Administration — an agency describing its mission on its website as helping “small business owners and entrepreneurs pursue the American dream” — listed a child 11 or younger as the
Will the U.S. Department of Education be disbanded by Trump Administration? This video examines the historical foundation of the U.S. Department of Education, its mission to promote equal access and accountability in education, and the conservative-driven debate over its future. The Trump administration’s proposed cuts to the U.S. Department of Education have raised question by
Some of President Donald Trump‘s recent education initiatives and tentative plans, including the potential dismantling of the Department of Education (DOE) and subsequent restructuring of student loan programs, reflect similar recommendations outlined in Project 2025, a conservative policy agenda he previously sought to distance himself from. Newsweek has reached out to the DOE and White
Linda McMahon confirmed by Senate for Education secretary The Senate confirmed GOP donor and former wrestling executive Linda McMahon to head the Department of Education with a 51-45 vote. President Donald Trump is seeking to eliminate the U.S. Department of Education, according to a draft of an executive order reviewed by USA TODAY. As Trump
If you are planning to raise a personal loan, remember that there are certain reasons for which it is not unreasonable to take a loan. For instance, when there is an emergency at home or a wedding. Additionally, there are some people who do not refrain from taking a loan for going on a vacation as
Last Updated:February 23, 2025, 15:16 IST In its latest meeting, the RBI’s Monetary Policy Committee (MPC) had unanimously decided to cut the repo rate by 25 basis points to 6.25%. RBI cuts its repo rate by 25 bps. State-owned Bank of Maharashtra (BoM) has reduced interest rates on retail loans, including home and car loans,
The Reserve Bank of India (RBI) released draft norms for prepayment penalties on loans on Friday, February 21, where it proposed to scrap the foreclosure charges on floating-rate loans for retail and MSME borrowers. Once approved, this will apply to all floating-rate loans. The central bank added that the loans granted for business purposes to
Employees work on the production line of a high-tech company in Tianjin. [Photo/Xinhua] BEIJING — Official data showed that China saw robust growth in the outstanding sum of loans to small and micro companies by the end of 2024 amid government efforts to encourage inclusive financing. By the end of the fourth quarter (Q4) of
Trump shuts down US Consumer Financial Protection Bureau Protesters are calling on the Trump administration to change course and re-open the Consumer Financial Protection Bureau (CFPB). It is an independent agency of the United States government responsible for consumer protection in the financial sector founded in 2011 after the Great Recession. Fox – Seattle CFPB