PREMIUMGovt to spend $37b stimulus by year end through new programs, simpler bureaucracy

first_imgsocial-safety-program stimulus-package government-spending healthcare COVID-19 Linkedin Log in with your social account The government is looking to disburse Rp 534.98 trillion (US$37.04 billion) in COVID-19 stimulus funding in the remaining months of the year, through proposed new programs and streamlined bureaucracy in an attempt to rescue the pandemic-hit economy.The new stimulus programs range from a continuation of existing programs such as fund placement in banks, electricity discounts and the Family Hope program, as well as new programs intended to spur economic growth and boost people’s purchasing power, according to Finance Minister Sri Mulyani Indrawati on Monday.The new proposed stimulus programs, totaling Rp 126.2 trillion, will be financed from reserves and budget reallocations from the government’s COVID-19 stimulus package of Rp 695.2 trillion.“We will redesign the stimulus to maximize its impact and to allow the economy to recover faster, while also simplifyin… Facebook LOG INDon’t have an account? Register here Topics : Google Forgot Password ?last_img read more

Football News Italian football side loses 20-0 with only seven players, gets kicked out of Serie C

first_img For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. Milan: Italian third-tier side Pro Piacenza were on Monday excluded from Serie C after fielding a team of just seven players in a 20-0 defeat by league rivals Cuneo, governing body Lega Pro announced. Financially troubled Pro Piacenza, a side from northern Italy, have been unable to pay their players and staff, who have been on strike for several weeks. Before Sunday’s game at Cuneo in Piedmont, northern Italy, bottom club Pro Piacenza had already forfeited three matches and a fourth would have seen them kicked out of Serie C. So they took to the pitch with seven players, all teenagers born between 2000 and 2002. An eighth player could not initially start having forgotten his identity papers, and came on after an hour.       One of the two players born in 2000 was named on the match sheet as the coach, with a team physiotherapist even taking to the pitch at one point to substitute a player who was suffering from cramps. Italian Football Federation president Gabriele Gravina had slammed the match as “an insult to sport” and vowed it would be “the last farce”. Lega Pro sports judge Pasquale Marino on Monday ruled that Pro Piacenza would be excluded from Serie C, with the “farcial match” assigned as a 3-0 defeat. Pro Piacenza have been unable to pay their players and staff.Pro Piacenza staff have been on strike as many clubs in Serie C face financial difficulties.One player born in 2000 was named as the coach, with a team physiotherapist taking the pitch.  highlights In a statement Lega Pro slammed “Pro Piacenza’s unacceptable behaviour” which it said was also dangerous for players who had not been adequately prepared from the competitive point of view.Team physio Alessio Picciarelli, who came onto the pitch to replace a player, was disqualified until December 31, 2019. Pro Piacenza will also have to pay a fine of 20,000 euros (USD 22,615).        The Italian third division, which is made up of three groups of 20 teams, is professional in Italy, but many of the clubs have financial problems. Last week Matera were kicked out of the league after forfeiting a fourth match with their players on strike since December, having not been paid since September.last_img read more