Covid Loans
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Centre's Covid-Era Response Strategy To Shield Sectors Hit By War: Sources
Iran War Impact: MSMEs are seen as the most exposed. They are highly sensitive to interest rates and demand disruptions.
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Woman Who Lost Husband In Covid Allowed To Settle Loan On Relaxed Terms
The Supreme Court has granted relief to a widow who lost her husband during the second wave of Covid-19 by permitting her to settle a bank loan on relaxed terms.
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Owner Of Indian Restaurant In UK Gets Jail For Misusing Covid Loan
The owner of an Indian restaurant who used funds from the UK government's COVID Bounce Back Loan for personal gain has been sentenced and banned as a company director for two years.
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2 Indian-Origin Men In US Guilty In Multi-Million Dollar Covid Fund Fraud
Two men of Indian origin in the US have pleaded guilty to their participation in a multi-million dollar fraud scheme by obtaining loans under an economic assistance plan following the Covid-19 pandemic in the country, the justice department said.
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More Than $200 Billion In Covid Loans Stolen By Fraudsters In US: Report
The inspector general of the Small Business Administration released a report that gives the largest estimate of how much of the $1.2 trillion disbursed was stolen by fraudulent claims.
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Man Robs Former Employer Of Rs 3 Lakh In Delhi, Arrested: Police
A man, who worked as an elderly person's help in Delhi, was arrested for allegedly stealing his ATM cards and a diary containing PINs to withdraw over Rs 3 lakh to clear loans he had taken during the Covid lockdown, police said on Monday.
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Indian-Origin Company Director Banned For Misuse Of Covid Loan In UK
A 42-year-old Indian-origin company director who failed to account for around GBP 45,000 from a UK government COVID-19 support loan for businesses has been banned from operating a venture for seven years.
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Asian Development Bank Approves $1.5 Billion Loan For India To Buy COVID-19 Vaccines
The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
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Indian-Origin Tech Executive Gets 2 Years Jail For Covid Loan Fraud
A 48-year-old Indian-origin tech executive in the US has been sentenced to two years in prison for fraudulently obtaining nearly USD 1.8 million in federal COVID-19 disaster relief loans.
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Indians Sell Their Gold As Covid 2nd Wave Pushes Millions Into Poverty
Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children's education after losing his job on a cruise liner.
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Centre's Covid-Era Response Strategy To Shield Sectors Hit By War: Sources
Iran War Impact: MSMEs are seen as the most exposed. They are highly sensitive to interest rates and demand disruptions.
-
Woman Who Lost Husband In Covid Allowed To Settle Loan On Relaxed Terms
The Supreme Court has granted relief to a widow who lost her husband during the second wave of Covid-19 by permitting her to settle a bank loan on relaxed terms.
-
Owner Of Indian Restaurant In UK Gets Jail For Misusing Covid Loan
The owner of an Indian restaurant who used funds from the UK government's COVID Bounce Back Loan for personal gain has been sentenced and banned as a company director for two years.
-
2 Indian-Origin Men In US Guilty In Multi-Million Dollar Covid Fund Fraud
Two men of Indian origin in the US have pleaded guilty to their participation in a multi-million dollar fraud scheme by obtaining loans under an economic assistance plan following the Covid-19 pandemic in the country, the justice department said.
-
More Than $200 Billion In Covid Loans Stolen By Fraudsters In US: Report
The inspector general of the Small Business Administration released a report that gives the largest estimate of how much of the $1.2 trillion disbursed was stolen by fraudulent claims.
-
Man Robs Former Employer Of Rs 3 Lakh In Delhi, Arrested: Police
A man, who worked as an elderly person's help in Delhi, was arrested for allegedly stealing his ATM cards and a diary containing PINs to withdraw over Rs 3 lakh to clear loans he had taken during the Covid lockdown, police said on Monday.
-
Indian-Origin Company Director Banned For Misuse Of Covid Loan In UK
A 42-year-old Indian-origin company director who failed to account for around GBP 45,000 from a UK government COVID-19 support loan for businesses has been banned from operating a venture for seven years.
-
Asian Development Bank Approves $1.5 Billion Loan For India To Buy COVID-19 Vaccines
The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
-
Indian-Origin Tech Executive Gets 2 Years Jail For Covid Loan Fraud
A 48-year-old Indian-origin tech executive in the US has been sentenced to two years in prison for fraudulently obtaining nearly USD 1.8 million in federal COVID-19 disaster relief loans.
-
Indians Sell Their Gold As Covid 2nd Wave Pushes Millions Into Poverty
Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children's education after losing his job on a cruise liner.
