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India announces new scheme to support traditional artisans

STORY: India announces new scheme to support traditional artisans DATELINE: Aug. 18, 2023 LENGTH: 00:01:41 LOCATION: New Delhi CATEGORY: SOCIETY SHOTLIST: 1. various of traditional artisans and craftspeople in India STORYLINE: The Indian government on Wednesday announced a new scheme worth 130 billion Indian Rupees (1.56 billion U.S. dollars) to provide financial support to traditional artisans and craftspeople engaged in small family businesses. One of the broad objectives of the scheme is to integrate these artisans and craftspeople in urban and rural areas of the South Asian country into both domestic and global value chains. The scheme is expected to cover 18 traditional trades, benefiting carpenters, goldsmiths, blacksmiths, shoe smiths, masons, barbers, garland-makers, tailors, and fishing-net makers, among others. Besides credit support offered over a period of five years beginning fiscal year 2023-24, "the scheme will further provide skill up-gradation, toolkit incentive, incentive for digital t

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Trump Organization fined 1.6 mln USD for tax fraud

STORY: Trump Organization fined 1.6 mln USD for tax fraud DATELINE: Jan. 14, 2023 LENGTH: 00:01:00 LOCATION: Washington D.C. CATEGORY: POLITICS SHOTLIST: 1. various of exterior of the Trump Tower in New York 2. file of Trump arriving at the White House STORYLINE: The Trump Organization was ordered to pay 1.6 million U.S. dollars in fines on Friday for tax fraud and other crimes. Two subsidiaries of the Trump Organization -- owned by former U.S. President Donald Trump -- were both sentenced to the maximum penalty under New York laws. The Trump Organization has denied all wrongdoing and is reportedly planning to appeal the verdict. Trump himself was not charged in the case. Allen Weisselberg, former chief financial officer of the Trump Organization, was sentenced to five months in jail on Tuesday for his role in the tax fraud scheme. Xinhua News Agency correspondents reporting from Washington D.C. (XHTV)

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Majority of shared forest left unsold in western Japan

KOCHI, Japan - A majority of a cedar and "hinoki" cypress forest purchased by citizens through a shared forest investment scheme promoted by the Forestry Agency in the 1980s is left untouched in Shimanto, Kochi Prefecture, western Japan, in August 2014. The scheme was created to preserve forests and help cover a huge financial deficit of Japan's forest industry.

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Nomura uses actress, comedians to promote NISA sales

TOKYO, Japan - Actress Umika Kawashima (C) joins a group of comedians and cartoon characters in making a pitch for Nomura Securities Co.'s Nippon Individual Savings Account (NISA) scheme in Tokyo on July 24, 2014. Under the scheme, dividends and capital gains are exempt from tax for an investment of up to 1 million yen a year in stocks and other financial schemes.

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PM Abe visits Iwate Pref.

OTSUCHI, Japan - Prime Minister Shinzo Abe talks with members of the Otsuchi Recovery Sashiko Project group in Otsuchi, Iwate Prefecture, on July 2, 2014. After the visit to the prefecture, the prime minister revealed a plan to create a new funding scheme to offer financial support for reconstruction from the 2011 disaster. (Pool photo)

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PM Abe visits Iwate Pref.

OTSUCHI, Japan - Prime Minister Shinzo Abe visits a factory of a marine product processing company in Otsuchi, Iwate Prefecture, on July 2, 2014. After the visit to the prefecture, the prime minister revealed a plan to create a new funding scheme to offer financial support for reconstruction from the 2011 disaster. (Pool photo)

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Cabinet shifts from Koizumi's postal privatization scheme

TOKYO, Japan - Financial and postal services minister Shizuka Kamei speaks during a press conference after the Cabinet meeting on Oct. 20. 2009, over the government's basic policy for reviewing the postal privatization scheme launched in 2007.

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Japan to table emergency IMF loan scheme for emerging nations

WASHINGTON, United States - Japan's Finance and Financial Services Minister Shoichi Nakagawa speaks to reporters in Washington on Oct. 9. Nakagawa said Japan propose creating a scheme under the International Monetary Fund to offer emergency loans to emerging nations to assist their efforts to deal with the financial crisis.

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ASEAN-plus-3 agree to launch multilateral currency swap deal

KYOTO, Japan - Finance chiefs from the 10-member Association of Southeast Asian Nations plus Japan, China and South Korea meet in Kyoto on May 5. They agreed to launch a multilateral currency swap scheme by pooling funds from their foreign exchange reserves to better protect their economies from financial crises.

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Gov't to pour 3.2 tril. yen into NCB before sale

TOKYO, Japan - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference at his office Aug. 25. Under a scheme endorsed by the government earlier in the day, DIC will provide financial assistance to the nationalized Nippon Credit Bank (NCB), including the purchase of its bad loans, to help bolster the failed bank's capital base.

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Lower house panel holds heated deliberations on Sogo collapse

TOKYO, Japan - Kimitaka Kuze, chief of the Financial Reconstruction Commission, on July 17 responds during intense deliberations at the House of Representatives Committee on Finance on the collapse of major department store operator Sogo Co. Sitting right is Finance Minister Kiichi Miyazawa. Saddled with debts of 1.87 trillion yen, Sogo filed for court protection July 12 in the face of growing public criticism of its original rehabilitation scheme that would have involved the use of taxpayers' money to waive part of its debts.

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Banking employees protest layoff scheme

Employees of South Korean banks and other financial institutions call for withdrawal of management-proposed layoff scheme in a rally held in Seoul on Tuesday Sept. 29.

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ASEAN-plus-3 agree to launch multilateral currency swap deal

KYOTO, Japan - Finance chiefs from the 10-member Association of Southeast Asian Nations plus Japan, China and South Korea meet in Kyoto on May 5. They agreed to launch a multilateral currency swap scheme by pooling funds from their foreign exchange reserves to better protect their economies from financial crises. (Kyodo)

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Japan to table emergency IMF loan scheme for emerging nations

WASHINGTON, United States - Japan's Finance and Financial Services Minister Shoichi Nakagawa speaks to reporters in Washington on Oct. 9. Nakagawa said Japan propose creating a scheme under the International Monetary Fund to offer emergency loans to emerging nations to assist their efforts to deal with the financial crisis. (Kyodo)

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Gov't to pour 3.2 tril. yen into NCB before sale

TOKYO, Japan - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference at his office Aug. 25. Under a scheme endorsed by the government earlier in the day, DIC will provide financial assistance to the nationalized Nippon Credit Bank (NCB), including the purchase of its bad loans, to help bolster the failed bank's capital base.

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Nomura uses actress, comedians to promote NISA sales

TOKYO, Japan - Actress Umika Kawashima (C) joins a group of comedians and cartoon characters in making a pitch for Nomura Securities Co.'s Nippon Individual Savings Account (NISA) scheme in Tokyo on July 24, 2014. Under the scheme, dividends and capital gains are exempt from tax for an investment of up to 1 million yen a year in stocks and other financial schemes. (Kyodo)

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PM Abe visits Iwate Pref.

OTSUCHI, Japan - Prime Minister Shinzo Abe talks with members of the Otsuchi Recovery Sashiko Project group in Otsuchi, Iwate Prefecture, on July 2, 2014. After the visit to the prefecture, the prime minister revealed a plan to create a new funding scheme to offer financial support for reconstruction from the 2011 disaster. (Pool photo)(Kyodo)

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PM Abe visits Iwate Pref.

OTSUCHI, Japan - Prime Minister Shinzo Abe visits a factory of a marine product processing company in Otsuchi, Iwate Prefecture, on July 2, 2014. After the visit to the prefecture, the prime minister revealed a plan to create a new funding scheme to offer financial support for reconstruction from the 2011 disaster. (Pool photo)(Kyodo)

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Cabinet shifts from Koizumi's postal privatization scheme

TOKYO, Japan - Financial and postal services minister Shizuka Kamei speaks during a press conference after the Cabinet meeting on Oct. 20. 2009, over the government's basic policy for reviewing the postal privatization scheme launched in 2007. (Kyodo)

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Banking employees protest layoff scheme

Employees of South Korean banks and other financial institutions call for withdrawal of management-proposed layoff scheme in a rally held in Seoul on Tuesday Sept. 29.