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Tag: hurdles

India may face hurdles in creating a bad bank

India may face hurdles in creating a bad bank

Finance
MUMBAI: The move to create a bad bank may hit a wall, as the banking regulator and the government, which is expected to sponsor it, are unlikely to accept two key proposals that the bankers’ lobby group has made. The Indian Bankers’ Association wants to transfer accounts where fraudulent activities have been detected to the new entity that will hold their risky assets. It is also proposing to sell bad loans at book value to the asset reconstruction company. As per the proposal submitted to the government and the Reserve Bank of India, fraud-hit accounts could be considered on a case-to-case basis, with approval from the regulator, to sell to the band bank. However, lenders who sell these loans will have to deal with all inquiries relating to fraud investigation. Current rules don’t allow s...
Path is clear for a year-end rally with key hurdles like the trade war removed

Path is clear for a year-end rally with key hurdles like the trade war removed

Finance
Traders work on the floor at the New York Stock Exchange.Brendan McDermid | ReutersWith trade tensions toned down, stocks have clearance to rally into year-end, a traditionally positive time for stocks.Stocks surged to record highs in the past week, as the U.S. and China moved to announce a phase one trade deal that halts tariffs that were set to go into effect Sunday. Stocks gave up some of their best gains Friday, in a sell-the-news move after U.S. and Chinese officials announced the agreement."Three big geopolitical things are taken off the table — USMCA, phase one and Brexit, and even though we might not like or be fulfilled by phase one, these uncertainties are behind us," said Sam Stovall, chief investment strategist at CFRA.Earlier in the week, the House had approved the USMCA, a re...
World Athletics Championships: GB 4x100m teams reach finals, Dalilah Muhammad wins 400m hurdles

World Athletics Championships: GB 4x100m teams reach finals, Dalilah Muhammad wins 400m hurdles

Sports
Media playback is not supported on this device 2019 World Athletics ChampionshipsVenue: Khalifa International Stadium, Doha Dates: 27 September-6 OctoberCoverage: Watch live on BBC TV, BBC iPlayer and BBC Sport website and app; Listen live on BBC Radio 5 Live; Live streams, clips and text commentary online.Dina Asher-Smith's hopes of a third 2019 World Championships medal remained intact as both Britain's 4x100m relay teams qualified for Saturday's finals.Britain's men, the defending champions, made it through their heat with a world lead time of 37.56 seconds in Doha.Britons Neil Gourle...
Refunds from the IRS may go out, but hurdles to complete your return remain

Refunds from the IRS may go out, but hurdles to complete your return remain

Finance
The IRS has assured taxpayers of two key concerns during the ongoing federal government shutdown — the tax season start date and the availability of refunds — but accountants say the tax-filing season could still be painful. Earlier this week, the tax agency said that it would kick off the income tax--filing season on Jan. 28 and taxpayers would receive the refunds they're owed, in spite of the shutdown. The IRS said it would also recall a "significant portion" of its workforce, bringing them back to work without pay. ...
Trump says he wants skilled migrants but creates new hurdles

Trump says he wants skilled migrants but creates new hurdles

Technology
It may be a while before President Donald Trump gets another chance at creating a new, "merit-based" immigration system, a keystone of his four-part plan that Congress rejected last month. In the meantime, his administration is busy making it harder, not easier, for skilled migrants to come work in the United States. The State Department has ended an Obama-era program to grant visas to foreign entrepreneurs who want to start companies in the United States. It is more aggressively scrutinizing visas to skilled workers from other countries. And it is contemplating ending a provision that allows spouses of those skilled workers to be employed in the U.S. The administration and its backers contend it's trying to fix flaws in the existing, employer-centric skilled immigration system while advo...