Spending requirements: Only 60% of the loan funds would need to be spent on payroll, compared to the current 75%. Loan forgiveness period: This would be extended to 24 weeks, up from eight weeks. Deadline to rehire workers: This would be pushed back to a yet-to-be-determined date. It’s currently June 30. Other perks: Forgiveness recipients would now be allowed to defer payroll taxes. Restrictions on the PPP loans have been a significant point of contention for many small business owners, particularly those with physical storefronts who felt it made no sense to maintain payroll if their businesses weren’t allowed to operate during the pandemic. To make matters more complicated, guidance from the Small Business Administration kept changing, leaving some business owners worried that they could be accused of fraud if they spend the money the wrong way. … [Read more...] about Paycheck Protection Program rules could get easier under House bill: Here’s what it would do
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Observing that the world is now suffering as a result of the malfeasance of the Chinese government, Trump reiterated that China's cover-up of the Wuhan virus allowed the disease to spread all over the world, instigating a global pandemic that has cost more than 100,000 American lives and over one million lives worldwide. … [Read more...] about Trump says US terminating relationship with WHO; takes steps against China
Although the idea of a show called Space Force from the reunited Office duo may sound like a golden opportunity to rip this administration a new black hole, it’s not an opportunity they were interested in taking. In fact, the show only vaguely alludes to the 45th president every now and again over the course of its 10 episodes, and it doesn’t drop his name even once. … [Read more...] about Netflix’s ‘Space Force’ is not the show you think it’s going to be
3-Point Analysis | These companies may gain as global supply chain gets reconfigured Big Story | Decoding the importance of CSR for corporates Ideas For Profit | Is elevated rural exposure Dabur's Achilles heel? … [Read more...] about Ideas For Profit | Will HDFC’s resilient performance hold out amidst COVID-19 uncertainty?
In February as the world began to shut down, Devidayal got together with Chef Amninder Sandhu — the woman credited with making Arth and slow cooking a phenomenon in Mumbai — to launch a home delivery-only brand, Iktara. “We are working on a brick-and-motor project, but we decided to launch the home delivery brand first since we had the infrastructure and the time was right. The idea is to deliver great Indian comfort food to homes across the city.” … [Read more...] about Riding COVID-19 storm: Restaurants rewrite home delivery rules with special menus, DIY kits