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After earlier confusion, filing requirements are waived and veterans will get stimulus checks automatically

After earlier confusion, filing requirements are waived and veterans will get stimulus checks automatically

Finance
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)The Washington PostAmericans generally are required to file a tax return in order to receive their money, which the IRS began issuing over the past several days. The IRS uses that information to determine the eligibility for and the size of the payments, which can total up to $ 1,200 per individual and $ 2,400 per married couple. But many veterans and their survivors who rely solely on government benefits, such as disability payments from Veterans Affairs, do not typically have to submit a&nbs...
Clear bank dues when loans are waived: Nabard to states

Clear bank dues when loans are waived: Nabard to states

Finance
NEW DELHI: Amid a flurry of farm loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken. The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans based on announcements from the state governments, banking sources said. In 2016, while announcing the Rs 6,000-crore loan waiver, Tamil Nadu, for instance, had decided to clear the dues of over Rs 3,200 crore to cooperative institutions over five years. States, such as Uttar Pradesh, have cleared the dues to lenders, the sources added. Nabard's advisory will put pressure on the states to ...