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Expectations From The Budget 2019

BankBazaar

The salaried-class, especially, hopes against hope that they will get some relief from with respect to Income Tax. The general ask is to either have a higher tax-exemption limit or more tax breaks. Psst… did you know that a Home Loan can help you save on Income Tax? Higher income tax exemption limit. 50,000 in NPS.

Taxes 90
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Managing Stagflation Credit Risk in Banking – Part III

South State Correspondent

In a stagflation environment, as interest rates rise and cash flow (earnings before interest, taxes, depreciation, and amortization (EBITDA), or net operating income (NOI)) decreases, the borrower’s capacity to service debt as measured by the debt service coverage ratio (DSCR) decreases rapidly. A loan starting at 1.20X DSCR dips below 1.0X

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Saving Main Street: Advocacy Groups Propose New Government Relief Programs

PYMNTS

We’ve been advocating for grants even before the PPP was passed, knowing it would be problematic,” Arensmeyer said in a Forbes interview , referring to the Paycheck Protection Program being implemented by the Small Business Administration as part of the federal stimulus effort. There is no shortage of other larger scale ideas.

Maine 142
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Latest CECL FAQs

Abrigo

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard. the incurred loss method).

Policies 188
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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. In fact, spending is often referred to as the engine of the US economy. The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%.

US 52
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Austin Is Bringing The FinTech Heat

PYMNTS

That couldn’t ring truer for the state’s capital, which many consider to have a tech scene bursting with potential and growth. Last year, 147 companies in Austin’s digital tech ecosystem raised more than $966 million in new capital, with more than $3.9 You know what they say, everything is bigger in Texas. billion in exits.

Austin 100
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Bitcoin Tracker: Blowing Past Milestones

PYMNTS

Nikkei noted that, in July of this year, digital currencies will no longer be subject to Japan’s consumption tax, which will work to lessen the cost of trading and boost the likelihood of further corporate financial investments in bitcoin. What OGC lacks in decentralization, it makes up for in a clear value referent.

Bitcoin 117