Reliance Capital forays into microfinance Mar 4, 2008
We envisage lending to MFIs, which would then be on-lending finances to self help groups, individuals and joint liability groups as per their norms, Reliance consumer finances deputy CEO KV Srinivasan told reporters at a press conference on Monday. Print. (Economic Times)
Trinity Holdings files Chapter 11 petition Feb 6, 2008
the corporate parent of the firm that operates Brown Deer-based , has filed a voluntary petition for Chapter 11 bankruptcy reorganization because it may share joint liability for its subsidiary's debt ... The resolution goes on to state that Trinity Holdings has "possible joint liability" for TRC's debt, which includes a $10. (Milwaukee Business Journal, WI)
State sues 2 janitorial companies over wages Dec 20, 2007
Bradstreet would not identify the more than 50 Southern California restaurants that had contracts with the companies, saying that investigators are still determining whether the restaurants had knowledge of the practices, and therefore any joint liability. One restaurant chain, Irvine-based Yard House, acknowledged that it had a contract with Excell Cleaning & Building Services, but said it terminated the contract after learning of the investigation early this year. (San Diego Union-Tribune -- Business)
Jug Suraiya: Dollar store Oct 28, 2007
Will Bunny and my joint liability go up by another Rs 1,950 per year. God help us. (India Times, India)
Unless registered and licensed, ATVs and off-roaders are restricted from public land Aug 29, 2007
There can be joint liability for fines, whether or not the parent or guardian knows about the violation, Gonzales said. Violation of the municipal code is a civil offense with fines ranging from 50 to 500 for each violation. (Douglas Daily Dispatch, AZ)
Brussels seeks greater protection for borrowers May 22, 2007
Countries can keep other rules familiar to their citizens, such as the joint liability of lenders for faulty products in Britain and Finland. Being able to compare offers is a good first step, "because the level of consumer confidence is limited and there's very little activity in terms of cross-border provision of financial services," said Dominique Forest, economic adviser at the European Consumers Organization in Brussels. (International Herald Tribune -- Business)
Insurance bill passes after debate Feb 23, 2007
He advised calling the bill an act to "reintroduce joint liability for defendants who are less than 50 percent liable for civil litigation.". Attorney Martin Honigberg spoke against the bill on behalf of the Medical Society, saying it might cause windfall damage awards and buffer a somewhat negligent party from paying anything. (Seacoast New Hampshire)
He stole my heart - and emptied my bank account Feb 13, 2007
First things first: you will only be liable for a partner's debts if you carry joint liability ... If joint liability applies, the creditor will try to get full payment from any, or all, of the people responsible ... So long as there is genuinely no joint liability, that's fine, but Moira Haynes of Citizens Advice says you should always double-check: if there's an outstanding debt on a bill your partner took responsibility for, you can be held accountable if you are also named. (Guardian Unlimited -- Money)
FACTBOX-Key facts about microfinance Oct 14, 2006
Since no collateral is collected from borrowers, microfinance programmes are sustained by joint liability. Peer groups of less than a dozen clients guarantee each other's loans and a default by one could result in the entire group being penalised. (AlertNet)
Rural Customers Represent Next Big Growth Opportunity for India's Commercial Banks: New Diamond Report Sep 3, 2006
"But it is possible to come up with an innovative cost-effective approach that creates greater access for rural customers, while satisfying a bank's financial goals." According to the Diamond report, a combination of banking channels might include: -- Business correspondents or other authorized groups who could assist with loan applications, nurture self-help and joint liability groups, collect small-value deposits, and deliver small-value remittances. -- Secure mobile bank branches that visit... (PR Newswire)
Nabard keen to back Reliance retail push Jul 3, 2006
The bank is also planning to help weaker sections in the state through the formation of joint liability groups. "We can use the joint liability group model here to finance the marginal farmers who has no title to land. This is successful in Andhra Pradesh," he added. (Business Standard)
Editorial: Down to a deadline Jun 1, 2006
Assembly Bill 3050, by Assemblyman Dave Jones, D-Sacramento, would require local governments to assume joint liability with the state when they approve new development in such areas. Attorney General Bill Lockyer supports the bill, and Gov. Arnold Schwarzenegger is a late supporter, at least in concept. (Sacramento Bee -- Opinion)
MSPs join asbestos campaign fight May 12, 2006
"In Mesothelioma cases, up until now, if you go against an employer you don't then have to run around to get the other employers to take joint liability.". Scottish National Party health spokeswoman Shona Robison said: "It doesn't fit well with Scots law and certainly across all of the parties there is a Scottish view on this which is that this is deeply unfair and unjust.". (BBC News -- UK)
FM lists steps to prosperity Mar 11, 2006
He indicated that the government would soon come with a policy package to give more credit to self-help groups and joint liability groups covering tenant farmers. He stressed the crucial role of manufacturing sector to promote growth and said the government would replicate the ongoing revolution in auto industry in other sectors like textiles, leather, petroleum, food processing and handicrafts and make India a manufacturing hub. (Deccan Herald)
