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Deadline extended for tribes to seek broadband licenses

Technology
Tribes have another month to apply for a band of wireless spectrum to establish or expand internet on their landsBy FELICIA FONSECA Associated PressJuly 31, 2020, 11:27 PM3 min readShare to FacebookShare to TwitterEmail this articleFLAGSTAFF, Ariz. -- The Federal Communications Commission is giving tribes another month to apply for a band of wireless spectrum that would help them establish or expand internet access on their land — far less time than what tribes had sought. Tribes pushed to be first in line to apply for licenses for the mid-band spectrum that is largely unassigned across the western United States and can be used for fixed or mobile internet service. The licenses once were reserved for educational institutions. The tribal priority window opened in February and was set to cl
PACL case: Sebi extends deadline for investors to check status of application, rectify errors

PACL case: Sebi extends deadline for investors to check status of application, rectify errors

Finance
New Delhi: Markets regulator Sebi on Friday extended the deadline to October 31 for investors of PACL Ltd, having claims of up to Rs 5,000, to check the status of their application and rectify errors in the form. Earlier, the deadline was July 31. Now, the last date for checking the status of applications and rectification of errors has been extended to October 31, 2020, the Securities and Exchange Board of India (Sebi) said in a statement. The portal for investors to view status of their claim application has been operational from January 24. PACL, which had raised money from public in the name of agriculture and real estate businesses, was found by Sebi to have collected more than Rs 60,000 crore through illegal collective investment schemes (CIS) over a period of 18 years. A panel, head...
Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 15

Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 15

Finance
KOLKATA: Lakshmi Vilas Bank and non-bank lender Clix Capital, who have been exploring merger, have mutually decided to extend the deadline for completing the mutual due diligence till September 15. The previous deadline is expiring on Friday. Auditors of the bank, meanwhile, have cast doubts on whether the bank can continue as a going concern if its merger talks with non-bank lender Clix Capital fails. "There may be slight delay in the mutual due diligence and preparation of documents for regulatory requirements due to Covid situation and travel restrictions. Hence, both the parties mutually agreed to extend the exclusivity period till 15th September 2020," the bank said on Thursday evening. "Despite logistical challenges arising due to Covid-19 situation, we have made significant progress...
RBI asks banks to speed up ATM upgrades as deadline looms large

RBI asks banks to speed up ATM upgrades as deadline looms large

Finance
MUMBAI: Indian banks are staring at penalties over missed deadlines on compliance with ATM security and cash management norms introduced by the Reserve Bank of India over the last two years which banks say is not remunerative enough to carry out due to meddling in the fee structure. Most banks have not initiated these upgrades as sought by the central bank as their cost analysis of such an overhaul is significantly higher than central bank’s estimates, said people aware of the matter. The norms in question include revamp of outdated cash-replenishment process with a new cassette swapping system, ramping electronic surveillance at ATM premises, installing digital locks and upgrading the Operating Systems powering these cash machines. “Most acquirer banks who operate ATMs are waiting for a h
White House weighs pushing tax deadline back to Sept. 15

White House weighs pushing tax deadline back to Sept. 15

Finance
US President Donald Trump speaks about COVID-19, known as coronavirus, after signing a Proclamation in honor of National Nurses Day in the Oval Office of the White House in Washington, DC, May 6, 2020.Saul Loeb | AFP | Getty ImagesThe White House is weighing a second Tax Day delay, according to NBC News.The Trump Administration is reviewing different proposals to help restart the economy, which continues to suffer from the effects of the coronavirus pandemic.A further delay of the deadline for filing federal income tax returns and taxes owed is a one measure that's on the table, two people familiar with the discussions told NBC News.The tax deadline — which the Treasury Department has already pushed back to July 15 — could go as far out as Sept. 15 or even Dec. 15, those people said.