Financial services entities seek setting up of a bad bank

financial services entities seek setting up of a bad bank


NEW DELHI: Financial services sector entities batted for a one-time restructuring of all loans and setting up of a bad bank — or a system like the Troubled Asset Relief Program (TARP) of the US — to help revive the economy and shore up weak balance sheets that they said would be seen a year from now due to the impact of Covid-19.
Speaking at the 125th annual session of the Confederation of Indian Industry on Tuesday via videoconference, entities representing non-banking financial companies (NBFCs), health insurers and private equity firms also backed the idea of a single financial regulator, besides enabling healthcare insurance for all.
“Going into Covid, we had a weak financial sector. A $25-30 billion TARP-like programme can pull sectors like NBFCs out of distress,” Bain Capital Private Equity managing director Amit Chandra said.
Others also backed one-time restructuring. “A weaker credit book business will be the result of the moratorium (for six months on loan repayments) as it gives time for the borrower, but it is not the solution; a one-time restructuring plan (is),” said Sanjay Nayar, the CEO of KKR India.
Sanjiv Bajaj, the managing director of Bajaj Finserv, the country’s largest NBFC, also supported the …



The Importance of Web Security in Digital Marketing

the importance of web security in digital marketing


Listen : Audio version of this article

“Threat is a mirror of security gaps. Cyber-threat is mainly a reflection of our weaknesses. An accurate vision of digital and behavioral gaps is crucial for a consistent cyber-resilience.”Stephane Nappo

How would you feel when a stranger infringes on your privacy? How would you react when the unknown tries to misuse your information? Undoubtedly it would be an insecure feeling, and to prevent the occurrence of such situations, we take strict security measures to safeguard ourselves. Similarly, the web is also prone to certain security threats imposed by anonymous people to gain personal profits. Thus, ‘web security’ is the term derived for the security measures adopted to eradicate such online risks.

Web security plays a crucial role in cyberspace. Cyberspace is a comprehensive concept which deals with various activities carried online, out of which one such action is digital marketing. Digital marketing is described as marketing born over the internet with the help of new technology. It revolves around the concept of e-commerce.

Nowadays, digital marketing has become a trend because of the accessible digitalization. It has given rise to the modern form of the market, which is well suited to the people …


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Online sales save Vermont Hempicurean | The Brattleboro Reformer

online sales save vermont hempicurean | the brattleboro reformer


By Chris Mays, Brattleboro Reformer

BRATTLEBORO — Online sales have helped Vermont Hempicurean survive the coronavirus pandemic.

“If I didn’t have the online business, I’d be shut down,” owner Scott Sparks said recently. “I’ve been able to get by with that.”

Sparks said he has been able to pay the bills and does not owe anything more than he normally would before the pandemic.

The business opened on Flat Street about two years ago and specializes in cannabidiols or CBD oils, salve and tinctures. Hemp rope, beverages, food, maple syrup and “pet therapy” products are also sold there.

Sparks has invested in search-engine optimization, which he said is paying off. That is intended to increase the quality and quantity of traffic to his website.

“I do a lot of marketing,” Sparks said. “So all of those things combined have generated a lot of online business for me.”

His business never fully shut down during the pandemic. At first, Sparks moved to online sales only. Then he added curbside pickup before stores could reopen with limited occupancy.

“I’ve been serving people all along,” he said.

Sales revenue for March 1 to May 28 for last year and this year is nearly identical, Sparks said, …


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Publishing Insider: California’s Freelancer Law Magnifies COVID-19 Pain

publishing insider: california’s freelancer law magnifies covid-19 pain


California’s misguided restrictions on freelance writers, editors and photographers haven’t created one new job, and likely have made unemployment even worse during the coronavirus pandemic. As publishers cut jobs amid a plunge in advertising revenue, those newly unemployed people in California have even less possibility of earning income from freelance work.Republican
lawmakers in the state last week failed to overturn a law that limits reporters and photographers to contributing 35 pieces of content to a single publication a year. After that, publishers are
supposed to hire those journalists as full-timers, an impossibility now that many publications are cutting jobs, reducing print frequency or going out of business. The limitation on freelancers
was part of California’s Assembly Bill 5 (AB 5) that took effect on Jan. 1 — as part of a crackdown on ride-hailing companies like Uber and Lyft. The idea behind the law was to force the
companies to treat drivers as full-time employees instead of independent contractors, making them eligible for benefits like health and unemployment insurance.advertisementadvertisementThey also would have a right to
join labor unions, as many editorial employees have done for decades. Unfortunately, those union cards don’t guarantee job security in a pandemic.As it turned out, the federal …


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Education Finance Takes Center Stage Amid Fiscal Uncertainty

education finance takes center stage amid fiscal uncertainty


June 2, 2020

Quality Counts’ annual deep dive into school finance might seem like a specialty project—crucial for the brass who keep the fiscal ship afloat in their school districts, but overshadowed by the day-to-day challenges of teaching, learning, and student safety that seem to dominate the K-12 education discussion.
Not this year.
As it has with every aspect of society, the COVID-19 pandemic threatens K-12 finances to an unprecedented degree. School administrators and state policymakers face the prospect of devastating budget cuts, layoffs, and programmatic retrenchment even as they wrestle with how to safely reopen their virus-shuttered schools.

Highlights From the Report

Full Report

They can’t make these decisions in a vacuum. School leaders need a clear picture of the resources in hand and what they can learn from those who have confronted past financial downturns—and survived.
“Quality Counts 2020: School Finance” aims to address all of these needs.
In his lead article, Education Week school finance reporter Daarel Burnette II, who has been covering the fiscal impact of the pandemic for months, shares advice from district leaders and school finance experts on navigating this crisis, informed by lessons from the Great Recession of 2007-09 and its aftermath.
Scores, …


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Zoom’s Q1 earnings will revolve around pandemic, security issues

Information Access and Management (IAM) Platform powers IAM Network - 60,000 + engaged information professionals worldwide.


Video chat software giant Zoom (ZM) announced its Q1 2021 earnings after the bell on Tuesday, beating expectations and giving investors and analysts their first look at how much growth the company has experienced as a result of the coronavirus pandemic and ensuing lockdowns.Here are the most important numbers from the report compared with what analysts were expecting, as compiled by Bloomberg.Revenue: $328 million versus $203 million expectedEarnings per share: $0.09 versus $0.01 expectedThe company’s stock was down in after hours tradingZoom has been among the biggest beneficiaries, if you can call it that, of the pandemic. The lockdowns, which are now being eased in many countries, forced people to gather in front of their laptops, smartphones, and tablets to stay in contact with friends and loved ones, work from home, and attend virtual classes.Its revenue, as a result, jumped a whopping 169% year-over-year. Zoom CEO Eric Yuan attends the opening bell at Nasdaq as his company holds its IPO in New York. (AP Photo/Mark Lennihan, File)MoreZoom says it now has 265,400 customers with more than 10 employees, a 354% increase year-over-year, and 769 customers paying more than $100,000 for the service.The company, however, expects to see a larger amount of customer churn in …


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Market movers: Bajaj Finance, Kotak lead rally; 150 stocks give buy signal

market movers: bajaj finance, kotak lead rally; 150 stocks give buy signal


NEW DELHI: Unperturbed by Moody’s sovereign rating downgrade and concerns over growth outlook in coming months, investors continued piling up equities as benchmark indices rose for the fifth-straight session on Tuesday.
In a repeat of Monday, bank and financial names led the rally as the 30-share pack Sensex climbed over 500 points and the broader 50-share Nifty advanced 150 points to flirt with the 10,000 mark.
Among bluechips, Bajaj Finance was the biggest gainer, up nearly 9 per cent while Kotak Mahindra Bank, IndusInd Bank, HDFC, Axis Bank and ICICI Bank added 3-8 per cent.
Here is a lowdown on what happened in Tuesday’s session:
Smallcaps outperform
Nifty Smallcap index continued their stupendous run, rising for the sixth session, outperforming its peers. The index added 2.36 per cent led by 6-10 per cent gains in Arvind Fashions, Aster DM, NCC, Aegis Chemicals and ITI. In comparison, Nifty Midcap advanced 1.36 per cent, Nifty500 1.46 per cent and Nifty50 1.56 per cent.
FMCG lone losing sector
At a time when everything was being bought, FMCG stocks were under pressure as investors believed some cost cutting from households is likely as cash flow dwindles. Some selling was also due to CAPF canteen’s decision to exclude products from ‘ …


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Bigin from Zoho is CRM Software for Small Business and Freelancers – Small Business Trends

bigin from zoho is crm software for small business and freelancers – small business trends


Bigin is new CRM software from Zoho. It lets small businesses ditch cumbersome technology to streamline and automate their sales pipeline.
Bigin is for small and micro businesses. It works for smaller companies that don’t need bigger end-to-end CRM solutions. It’s a great fit for freelancers and individuals who want to manage their personal business pipelines online, too.
Small Business Trends contacted Vibhav Vankayala, Head of Marketing for Bigin, to learn more about it.

Move Away from the Spreadsheets
“Bigin is the perfect solution for small businesses that want to move away from spreadsheets and are looking for a simple-yet-powerful CRM solution to get started with,” he says. “It is a pipeline-centric CRM helping small businesses put customer data in one place to boost customer relationships.”
Here are some Bigin highlights small businesses will want.

They can see all their customer details in one place.
They’ll know the status of each deal in the pipeline.
They can manage emails from within the CRM.
Make and receive phone calls through built-in telephony.
View a list of activities for every work-day.
Automate routine tasks and improve productivity.
Measure their sales performance

Bigin Saves Time and Money
Bigin only takes …


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Temp Agency Toronto; Interruptions Brought By The Freelance Economy — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio – Santa Clarita News

temp agency toronto; interruptions brought by the freelance economy — hometown station | khts fm 98.1 & am 1220 — santa clarita radio – santa clarita news


The Freelance Economy and How It Is Likely To Affect Temp Agencies Toronto
Will you be surprised if we told you that in one generation, employees will be a thing of the past? Well, this may not sink well into your ears, but the fact is that, everyone is going to play a role of a contractor or a sub-contractor. As a temp agency Toronto, how many workers would you need to get a particular work done? Firms that execute enormous projects at a time such as event-management companies ,and those which operate on seasonal basis such as warehouses, are always looking for the new candidates to bring in new talents in their operations.
However, according to the research conducted by Team Global, due to rapidly changing preferences by the consumers and the high rate at which firms are opening and shutting down their operations have made employers rethink about the current mode of employment. A temp agency Toronto comes in handy in this, but are these agencies well-prepared to withstand the changes brought by freelance economy?
1. Skilled Freelancing
Most companies which facilitate freelancing are currently explaining the continuous flow and ebb. This causes layoffs and hiring that is endless. …


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Five finance tips for recent college grads – KYMA

five finance tips for recent college grads – kyma


YUMA, Ariz. (KYMA, KECY) – A financial balance is important for recent college graduates as they enter adulthood.

Rebecca Gramuglia, a personal finance expert at, has five tips for recent college graduates to better budget their money.

The first tip is building credit. She says creditworthiness is factored in when opening a credit card or buying a car.

Second is finding a good balance for budgeting income in terms of essential, debt, and personal spending.

“The 50/20/30 rule is to use up to 50% of your after-tax income on essentials such as housing, food; up to 20% on any financial priorities such as savings or debt repayments; and up to 30% on any lifestyle choices,” Gramuglia said.

Maiely Gonzalez is a California State University, Chico graduate, and resident of Calexico. She believes colleges should help students be more prepared financially.

“College should have like a specific class to teach every single student about like credit and their savings because there’s a lot of people who don’t know anything about it, and I only know because I did my own research,” Gonzalez said.

Tune in tonight at 4 p.m. on 13 On Your Side as April Hettinger provides more tips graduates can use to …


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