UK energy suppliers call on government to scrap levies and charges on bills

Energy suppliers including British Gas, Eon and Octopus have called on the UK government to move a swath of charges from customer bills into general taxation as they face growing pressure to lower soaring costs for households. With UK gas and electricity bills forecast to reach as high as £5,000 a year next spring, four … Read more

Grave governance challenges await Bihar’s new coalition government

As allegations fly thick and fast in Bihar after the Janata Dal (United) decided to break its coalition with the Bharatiya Janata Party and tie-up with the Rashtriya Janata Dal and its allies instead, it is governance that appears to be crying for attention. Various indicators make it amply … Read more

Government 95% mortgage guarantee scheme totals 17,966 completions

The UK government has revealed that 17,966 mortgages had been completed through its 95% loan to value (LTV) scheme at the end of March 2022.  The scheme, which was announced in March last year, provides buyers with the option to put down a 5% deposit on a home with a value of up to £600,000, … Read more

Karnataka government clears 18 investment proposals worth Rs 34,432 crore

The state high-level clearance committee (SHLCC) chaired by chief minister Basavaraj Bommai on Friday cleared 18 investment proposals worth Rs 34,432 crore with a potential to add 48,850 jobs. Of these eight are new projects while 10 are about additional investments. Some of the major proposals cleared are: Trualt Bioenergy’s ethanol plant of 2000 kilo-litres … Read more

US government bonds and stocks drop after hot jobs report

US government bonds and stocks sold off on Friday after employment data showed red hot labour conditions, leading traders to boost their expectations for Federal Reserve rate increases. Treasury yields shot higher after the closely watched US jobs report showed employers added 528,000 jobs in July, more than double the 250,000 expected by economists and … Read more

The Definitive Guide to Government Business Loans

During the COVID-19 pandemic, the federal government made headlines through its Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) program. Loans through these programs kept many businesses afloat throughout 2020 and 2021 during COVID-related restrictions. In the case of the PPP, many loans were also forgiven. While both the Paycheck Protection and COVID-19 … Read more

Government bonds slip as Fed officials focus on inflation

Government bonds were under pressure on Wednesday as traders expected that the world’s most influential central banks would extend their aggressive rate rises to combat soaring inflation. The yield on the 10-year US Treasury note, which underpins debt pricing worldwide, added 0.05 percentage points to 2.79 per cent, up sharply from the level of about … Read more

Octopus Seeks £1 Billion From UK Government to Buy Bulb: Sky

Breadcrumb Trail Links PMN Business Privately-owned Octopus Energy Ltd. is nearing a deal to acquire failed electricity supplier Bulb Energy Ltd., and has asked the government for a £1 billion funding package, Sky News reported. Author of the article: Bloomberg News Devika Krishna Kumar Publishing date: Jul 31, 2022  •  50 minutes ago  •  2 minute … Read more

Prez Wickremesinghe invites Sri Lankan parties to form national government

Sri Lankan President Ranil Wickremesinghe has written to members of Parliament, inviting them to form an all-party national government to help the bankrupt country to recover from the worst economic crisis. The government is currently engaged in great efforts to gradually restore normalcy to the political and social unrest created by the … Read more

Federal Government to fund Youpla funeral claims – Daily – Insurance News

The Federal Government will cover around $4 million in funeral claim expenses faced by First Nations communities due to the collapse of Youpla and will consider further action regarding the group’s failings. Payments will be made to eligible beneficiaries of policy holders who had an active policy on or after April 1, 2020, which is … Read more