Money

The Delhi High Court on Monday directed the administrators of Punjab and Maharashtra Co-operation (PMC) Bank to decide afresh about the applications of depositors seeking money for medical and educational emergencies. The court also directed the petitioner to submit the list of depositors before administrators, which included medical and educational emergencies within three weeks. The Bench of Justice DN Patel and Justice Jyoti Singh said, "We direct the depositors to approach the administrators of PMC Bank giving the need in detail, for which they would require the money. Administrator to decide within two weeks. They would inform the decision through an affidavit." "We have something in our mind while petition sought the issuance of direction to RBI to make a mechanism in this regards," the Bench said. The direction of the High Court came on Monday during the hearing of an interim application in an ongoing Public Interest Litigation (PIL) by activist Bejon Kumar Mishra through … [Read more...] about Delhi HC directs PMC Bank to consider afresh applications of depositors seeking money for emergencies

However, if you want to, some plans give you the option of making voluntary partial repayments to help you keep the size of the loan down. All of Key’s plans offer homeowners this option. You can repay up to 12 per cent of the initial amount you borrowed each year without incurring an early repayment charge. Subject to criteria. … [Read more...] about How George and Sue managed to pay off their existing mortgage, get ready for retirement AND stay near their grandchildren

Roughly half those rejected were graduates, and a third were in professional or managerial jobs, the study found. Over half reported losing at least 25% of their household income. Nearly two-thirds said they were unsure how they would cope financially when they heard they did not qualify for benefits. … [Read more...] about Thousands of people refused universal credit ‘turning to food banks’

There are exemptions to the new six-month notice period. Tenants engaged in antisocial behaviour can be given four weeks’ notice to leave, while in cases of domestic abuse the notice period is two to four weeks. If there is more than six months of accumulated rent arrears the notice period is also shortened to four weeks. … [Read more...] about Calls for Covid evictions ban to be extended in England and Wales

The Care to Learn scheme can help with childcare costs for parents still in education. It's £160 per child per week if you live outside London or £175 per child per week if you live in London. All payments will go directly to your childcare provider. … [Read more...] about What today’s Universal Credit crunch vote means for you – and who is affected