The City of New York is considering allowing tenants to pay April rent using their security deposits, an idea championed by Ankur Jain, the founder of Kairos, a startup that helps tenants reduce the cost of security deposits. “April 1 is going to be the first major economic test of how people are going to fare in this new coronavirus world,” he says. “Unfortunately, the stimulus bill and everything else that they’re talking about, at best, will hit people’s bank accounts in 30 days. So we have this crisis where if renters can’t pay their rent on April 1, even if their state has an eviction [moratorium], they’re going to go into default with their landlord. It’s going to hit their credit score. Their landlord will default with their mortgage bank. The domino effect is massive.” … [Read more...] about How are people supposed to pay April rent if they lost their jobs due to coronavirus?
Loses job at nasa
Trillions of dollars in credit and loan guarantees dispensed by central banks and governments in the US and Europe have perhaps cushioned the most developed economies. That may prevent large numbers of businesses from failing, say economists, while ensuring that workers who lose jobs will be able to stay current on their bills. … [Read more...] about Coronavirus pandemic | Why the global recession could last a long time
Under the package, the government would front-load Rs 2,000 paid to farmers in first week of April through direct cash transfer, under the existing PM Kisan Yojana scheme. The front loading of expenditure is expected to benefit 8.7 crore farmers. … [Read more...] about Coronavirus pandemic: FM Sitharaman announces Rs 1.7 lk cr relief under PM Garib Kalyan Scheme