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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Why? Because when more people telecommute, it creates the exact kind of interactions that breed familiarity—and, slowly—community. Residents will have fewer faceless neighbors who leave before the sun rises and come home late at night. Instead, they’re more likely to run into each other in the hallway or on the street as they take a work break to stretch their legs or grab lunch. Multiply that chance interaction—the exact meetings that used to happen at the water cooler or in the cafeteria—by a thousandfold and neighborhoods will slowly replace offices as the center of community. Offices become where you get your work done and visit a few times a week, neighborhoods become where you recognize faces and know their backstories. … [Read more...] about The coronavirus will reshape how we build offices—and where we build community
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?
The first thing NRIs must do is to apply for jobs in India. Himanshu has been building a network on social media, speaking to prospective employers and human resource consultants for the last two months. Says Himanshu, “It’s important for at least one person to have a confirmed job offer, so our monthly income is secured after returning to India. Also, this way, we will not dip into our savings and investments.” Harshil Morjaria, a certified financial planner at ValueCurve Financial Solutions says, “Looking for a job after returning to India may diminish your bargaining power and it may take a longer time to get a job offer than expected.” … [Read more...] about COVID crisis: Money matters NRIs must fix before returning to India for good
However, since the start of September 2019, both GBPUSD and GBPINR have skyrocketed until January 2020. In that time frame, GBPUSD has gained nearly 8.36 percent while GBPINR had depreciated 7.43 percent. This rise in the pound was on account of the hard Brexit jitters fading away. … [Read more...] about Grim outlook for the pound sterling as it suffers a double blow