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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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Assam Offers Private Hospitals Interest-Free Loans To Buy Vaccine Shots
In a bid to ramp up the Covid vaccination exercise in the state, the Assam government is offering interest-free loans to private hospitals to help them procure the shots.
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Mahindra Rolls Out M-Protect COVID Plan For Farmers
Under the M-Protect covid plan, Mahindra will provide its customers with a health cover of Rs. 1 lakh through a unique COVID Mediclaim policy covering the customer in case they contract COVID-19 with home quarantine benefits.
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Highlights Of The #RangDe Telethon: An Initiative To Provide Interest Free Loans To Students From Low Income Households
#RangDe campaign hopes to provide interest-free loans to young students from low-income households and help them continue their education, despite the disruption caused by Covid-19 pandemic
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Ford Applies For German COVID-19 Loan Guarantees: Report
Ford Motor, which operates two auto plants in Germany, has applied for 500 million euros ($582 million) of German loan guarantees aimed at cushioning the impact of the COVID-19 pandemic, business daily Handelsblatt reported on Monday.
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Rahul Gandhi's Take On Amit Shah's "Well-Planned Fight" Remark On Covid
Taking a dig at the government, Congress leader Rahul Gandhi today said its "well planned fight" against coronavirus has allegedly put India in an "abyss" of GDP reduction of 24 per cent, 12 crore job losses, 15.5 lakh crore additional stressed loans and globally highest daily COVID-19 cases and deaths.
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Uddhav Thackeray Seeks "Cooperation" For Covid Fight, Waives Farm Loans
Addressing the Monsoon session of the Maharashtra state assembly, which has been adjourned till December 7, Chief Minister Uddhav Thackeray announced loan waiver for 29 lakh famers amid widespread floods and the coronavirus pandemic. He also sought "everyone's cooperation" in the fight against COVID-19.
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No Loan Interest Waiver For Middle Class, Rahul Gandhi Slams "Suit Boot Ki Sarkar"
Congress leader Rahul Gandhi today attacked the government over interest on deferred loan payments and asked why it gave tax benefits of Rs 1.45 lakh crore to businesses but did not waive interest on loans for the middle class.
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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.
-
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.
-
Assam Offers Private Hospitals Interest-Free Loans To Buy Vaccine Shots
In a bid to ramp up the Covid vaccination exercise in the state, the Assam government is offering interest-free loans to private hospitals to help them procure the shots.
-
Mahindra Rolls Out M-Protect COVID Plan For Farmers
Under the M-Protect covid plan, Mahindra will provide its customers with a health cover of Rs. 1 lakh through a unique COVID Mediclaim policy covering the customer in case they contract COVID-19 with home quarantine benefits.
-
Highlights Of The #RangDe Telethon: An Initiative To Provide Interest Free Loans To Students From Low Income Households
#RangDe campaign hopes to provide interest-free loans to young students from low-income households and help them continue their education, despite the disruption caused by Covid-19 pandemic
-
Ford Applies For German COVID-19 Loan Guarantees: Report
Ford Motor, which operates two auto plants in Germany, has applied for 500 million euros ($582 million) of German loan guarantees aimed at cushioning the impact of the COVID-19 pandemic, business daily Handelsblatt reported on Monday.
-
Rahul Gandhi's Take On Amit Shah's "Well-Planned Fight" Remark On Covid
Taking a dig at the government, Congress leader Rahul Gandhi today said its "well planned fight" against coronavirus has allegedly put India in an "abyss" of GDP reduction of 24 per cent, 12 crore job losses, 15.5 lakh crore additional stressed loans and globally highest daily COVID-19 cases and deaths.
-
Uddhav Thackeray Seeks "Cooperation" For Covid Fight, Waives Farm Loans
Addressing the Monsoon session of the Maharashtra state assembly, which has been adjourned till December 7, Chief Minister Uddhav Thackeray announced loan waiver for 29 lakh famers amid widespread floods and the coronavirus pandemic. He also sought "everyone's cooperation" in the fight against COVID-19.
-
No Loan Interest Waiver For Middle Class, Rahul Gandhi Slams "Suit Boot Ki Sarkar"
Congress leader Rahul Gandhi today attacked the government over interest on deferred loan payments and asked why it gave tax benefits of Rs 1.45 lakh crore to businesses but did not waive interest on loans for the middle class.
