scholarly journals HUBUNGAN RESTRUKTURISASI PERJANJIAN PEMBIAYAAN KONSUMEN SEPEDA MOTOR DENGAN POJK NO.11/POJK.03/2020 TENTANG STIMULUS PEREKONOMIAN NASIONAL

2021 ◽  
Vol 5 (1) ◽  
pp. 104
Author(s):  
Aceng Asnawi Rohani ◽  
Anne Gunawati ◽  
Agus Prihartono PS
Keyword(s):  
Interest Rates ◽  
Financial Services ◽  
The Public ◽  
Corona Virus ◽  
National Economic ◽  
Economic Stimulus ◽  
The Government ◽  
The Impact

The government enforces various kinds of regulations in providing protection to the public, one of which is through the Financial Services Authority (OJK) by issuing POJK Number 11 / POJK.03 / 2020 concerning National Economic Stimulus as a Countercyclical Policy on the Impact of the Spread of Coronavirus Disease 2019. This regulates the implementation of the relaxation policy. against debtors affected by the new Corona Virus or Covid-19 outbreak. The restructuring carried out by the financing institution is carried out in accordance with the guidelines issued by the OJK based on POJK Number 11 / POJK.03 / 2020. However, the implementation is left to the policies of each financing institution, the relief scheme may vary, among others, in the form of lowering interest rates, adjusting principal or interest installments, extension of time or other matters determined by the bank or financing institution. This regulation does not regulate sanctions against banks / financing companies that do not provide restructuring / relaxation programs for debtor customers, because they are not coercive, the language used in this POJK is "can" not "must".

scholarly journals Sosialisasi PSBB, perwako dalam rangka upaya pencegahan Covid-19 di Pekanbaru dan kaitannya dengan hak kesehatan masyarakat

2020 ◽  
Vol 2 ◽  
pp. 566-570
Author(s):  
Mukhlis Mukhlis ◽  
Hayatul Ismi ◽  
Emilda Firdaus ◽  
Maria Maya Lestari ◽  
Adlin Adlin
Keyword(s):  
Large Scale ◽  
Central Government ◽  
Public Knowledge ◽  
Ministry Of Health ◽  
The Public ◽  
Corona Virus ◽  
The People ◽  
Service Activity ◽  
The Government ◽  
The Impact

With the increasing number of Covid-19 cases in Indonesia, including in Riau Province, it is necessary to implement Large-Scale Social Restrictions (PSBB). PSBB is one way to reduce the impact of Covid-19. PSBB has currently been implemented in 10 regions in Indonesia as part of efforts to prevent the corona virus. The Central Government through the Ministry of Health has approved Pekanbaru to implement the PSBB. The main reason for implementing PSBB in dealing with the Covid-19 corona virus is because physical distancing, which has been carried out so far, is ineffective in the community. On that basis, the government strengthened the policy of physical restrictions for the community by implementing PSBB in the regions. It is necessary to do the socialization of PSBB and this Perwako, so that the public knows the Rules about PSBB. The service activity aims to provide guidance to the people of Pekanbaru City regarding Corona and PSBB, because Pekanbaru City is one of the cities that is a transit point. The implementation of activities to increase public knowledge about PSBB and Perwako was successful. This can be seen from changes in the behavior of people who were previously reluctant to wear masks, then have started wearing masks when they go out, as can be seen from the behavior of people who have avoided people's hassles and tried to keep their distance. The community also complies with large-scale social restrictions set by the government, this can be seen from the minimum community activity at night outside the home.

scholarly journals Default of Banking Credit Agreements in the Time of Covid 19

2021 ◽  
Vol 4 (2) ◽  
pp. 1925-1933
Author(s):  
Sri Dewi ◽  
Sriono Sriono ◽  
Elviana Sagala
Keyword(s):  
Financial Services ◽  
Judicial Power ◽  
Force Majeure ◽  
National Economic ◽  
Law And Justice ◽  
The Government ◽  
Credit Agreement ◽  
National Disaster ◽  
The Impact ◽  
Banking Credit

The covid 19 pandemic resulted in a very significant economic impact, and resulted in many defaults on bank credit agreements which underwent payment restructuring based on the covid 19 virus. Financial Services Authority (OJK) Regulation No. 11/POJK.03/2020 concerning the national economic stimulus as a countercyclical policy for the impact of the spread of covid 19 gives authority to banks to establish policies that support economic growth stimulus for debtors affected by the spread of covid 19, one of which is credit or financing restructuring policies. The occurrence of a national disaster caused by the Covid 19 virus had an impact on the force majeure situation. That defaults due to the spread of the covid-19 virus have resulted in debtors being negligent in carrying out their obligations, this method uses the normative juridical method, which refers to the provisions of positive laws and regulations in Indonesia. The results of the research show that defaults in the credit agreement cannot be used as an excuse for not fulfilling their obligations. The spread of covid-19 cannot be used as an excuse that causes a compelling situation that requires the debtor to commit an act of default. In the concept of a rule of law, judicial power is independent in carrying out its judicial function, thus enabling the exercise of judicial power to be fair in examining, adjudicating and deciding cases based on law and justice. Then the policy of the regulations issued by the government against the spread of the covid-19 virus is very important for the community regarding the problem of the spread of the covid-19 virus.

scholarly journals Penanganan Kredit sebagai Kebijakan Countercyclical Dampak Penyebara Corona Virus Disease 2019 Berdasarkan Peraturan Otoritas Jasa Keuangan Nomor ll/POJK.03/2020 di PT BPR Saptacristy Ut ama

2021 ◽  
Vol 2 (2) ◽  
pp. 277-282
Author(s):  
Kadek Dani Arditha Perrnana ◽  
I Nyoman Putu Budiartha ◽  
Ni Made Puspasutari Ujianti
Keyword(s):  
Financial Services ◽  
Virus Disease ◽  
Scientific Paper ◽  
Empirical Method ◽  
System Stability ◽  
Bank Performance ◽  
Corona Virus ◽  
National Economic ◽  
Credit Agreement ◽  
The Impact

The spread and growth of the Corona Virus in Indonesia directly and indirectly affect the performance and the capacity of micro, small, as well as medium business debtors. Therefore, it may undermine bank performance and financial system stability, thereby affecting economic growth. Based on these considerations, the Financial Services Authority (Otoritas Jasa Keuangan) issued the Financial Services Authority regulation number 11 /POJK/03/2020 which regard National Economic Stimulus as a Countercyclical Policy for the impact of Corona Virus Disease 2019. The purpose of this research is to find out how the Financial Services Authority's policies are in dealing with bad credit due to Covid-19. The research method that carried out in this scientific paper is the empirical method, namely legal research based on actual conditions in the field. The results of this research are the things that have not been regulated in the credit agreement can be changed and or added by using an additional agreement or addendum. In the Financial Services Authority Implementation Regulation No. l l/POJK.03/2020, the Financial Services Authority requires every bank to formulate guidelines to designate debtor's affectively the spread of Coronavirus Disease 2019. Each bank will have different policies for handling the credit of its debtor's.

scholarly journals Keabsahan Klausula Perpanjangan Periode dalam Restrukturisasi Kredit Akibat Pandemi Covid-19

Notaire ◽  
2021 ◽  
Vol 4 (2) ◽  
pp. 313
Author(s):  
Tamara Teguh
Keyword(s):  
Natural Disaster ◽  
Financial Services ◽  
Virus Disease ◽  
Human Life ◽  
Loan Repayment ◽  
Corona Virus ◽  
Presidential Decree ◽  
The Republic ◽  
The Government ◽  
The Impact

The Corona Virus Disease 2019 (COVID-19) outbreak was determined by the President as a non-natural disaster through Presidential Decree Number 12 of 2020 concerning the Designation of Non-Natural Disaster for the Spread of Corona Virus Disease 2019 (COVID-19) as a National Disaster. Its rapid spread has an impact on all aspects of human life, especially in the economic sector, many business actors have suffered losses and a number of banks are experiencing credit risk, which debtors or customers are unable to make credit installments on the pretext of being affected by the pandemic. The Presidential Decree cannot automatically cancel existing agreements, so that the Government makes policies in order to stimulate economic growth. This policy was issued by the Financial Services Authority through Regulation of the Financial Services Authority of the Republic of Indonesia Number 11/POJK.03/2020 concerning National Economic Stimulus as a Countercyclical Policy on the Impact of the Spread of Corona Virus Disease 2019 which has been extended by the Financial Services Authority Regulation of the Republic of Indonesia Number 48/POJK.03/2020 as an effort to avoid default. The debtor is given loan repayment relief at the Bank or Leasing with terms determined by the Bank. This payment relief is known as credit restructuring, which there is a renegotiation process to change existing loans. One of the changes in the agreement is by rescheduling, namely extending the installment payment period. Keywords: COVID-19 Disease Outbreak; Credit Restructuring; Rescheduling.Wabah penyakit Corona Virus Disease 2019 (COVID-19) ditetapkan oleh Presiden sebagai bencana non alam melalui Keputusan Presiden Republik Indonesia Nomor 12 Tahun 2020 Tentang Penetapan Bencana Non Alam Penyebaran Corona Virus Disease 2019 (COVID-19) Sebagai Bencana Nasional. Penyebarannya yang begitu pesat berdampak pada segala aspek kehidupan manusia terutama di bidang ekonomi, banyak pelaku usaha yang mengalami kerugian dan sejumlah perbankan mengalami risiko kredit, dimana debitur atau nasabah tidak mampu untuk melakukan pembayaran cicilan kredit dengan dalih terkena dampak pandemi. Dengan adanya Keputusan Presiden itu tidak dapat serta merta membatalkan perjanjian yang sudah ada, sehingga Pemerintah membuat kebijakan dalam rangka menstimulus pertumbuhan ekonomi. Kebijakan tersebut dikeluarkan oleh Otoritas Jasa Keuangan melalui Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 11/POJK.03/2020 Tentang Stimulus Perekonomian Nasional Sebagai Kebijakan Countercyclical Dampak Penyebaran Corona Virus Disease 2019 yang telah diperpanjang dengan Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 48/POJK.03/2020 sebagai upaya agar tidak terjadinya wanprestasi. Debitur diberikan keringanan pembayaran cicilan pinjaman di Bank atau Leasing dengan persyaratan-persyaratan yang ditentukan oleh Bank. Keringanan pembayaran ini dikenal dengan restrukturisasi kredit, dimana terdapat proses renegosiasi atau negosiasi ulang untuk merubah perjanjian kredit yang sudah ada. Perubahan perjanjian tersebut salah satunya ialah dengan penjadwalan kembali atau rescheduling, yaitu memperpanjang periode pembayaran cicilan.Kata Kunci: Wabah Penyakit COVID-19; Restrukturisasi Kredit; Penjadwalan Kembali.

scholarly journals Stimulus Kredit Perbankan: Kebijakan Penanggulangan Risiko Kredit Akibat Coronavirus Disease 2019 (COVID-19) di Indonesia

2021 ◽  
Vol 10 (3) ◽  
pp. 563
Author(s):  
Hari Sutra Disemadi
Keyword(s):  
Financial Services ◽  
Research Method ◽  
System Stability ◽  
Credit Risk Management ◽  
Economic Stability ◽  
Economic Cycle ◽  
National Economic ◽  
The Government ◽  
The Stability ◽  
The Impact

The spread “of Coronavirus Disease 2019 or COVID-19 affects the economic stability of a country. Indonesia is one of the countries whose economic stability is disrupted “due to the spread of COVID-19. The problem currently facing Indonesia is that the performance and capacity of debtors in carrying out their credit obligations has been disrupted by the spread of COVID-19, which has the potential to disrupt banking performance in credit management. Therefore, the aim of this research is to find out and study the government's efforts in encouraging the banking intermediation function, maintaining financial system stability and supporting economic growth, a policy is needed as a legal strategy in overcoming the impact of the COVID-19 pandemic, particularly the impact on the performance and capacity of debtors in carry out its credit obligations. The research method used is a normative legal research method by utilizing legal materials. The results of this study indicate that the regulation of credit risk management policies” in Indonesia has been regulated in existing laws and regulations such as the Law on Banking; Law concerning Sharia Banking; Bank Indonesia Regulations; and Financial Services Authority Regulations. “The effort chosen by the government in overcoming economic instability due to the spread of COVID-19 is the issuance of a policy to provide a national economic stimulus through the application of Financial Services Authority Regulation No. 11/POJK.03/2020. This policy is “countercyclical” due to the” policies used in maintaining the stability of the economic” cycle. Penyebaran Coronavirus Disease “2019 atau COVID-19 mempengaruhi kestabilan ekonomi suatu negara. Indonesia merupakan salah satu negara yang kestabilan ekonominya terganggu akibat penyebaran COVID-19. Permasalahan yang dihadapi Indonesia saat ini adalah kinerja serta kapasitas debitur dalam melaksanakan kewajiban kreditnya telah terganggu dengan adanya penyebaran COVID-19, sehingga berpotensi mengganggu kinerja perbankan dalam pengelolaan kredit. Maka dari itu, tujuan penelitian ini adalah untuk mengetahui dan mengkaji upaya pemerintah dalam mendorong fungsi intermediasi perbankan, menjaga stabilitas sistem keuangan dan mendukung pertumbuhan ekonomi diperlukan adanya” kebijakan sebagai strategi hukum dalam menanggulangi dampak Pandemi COVID-19, “khususnya dampak bagi kinerja serta kapasitas debitur dalam “melaksanakan kewajiban kreditnya. Metode penelitian yang digunakan adalah metode penelitian hukum normatif dengan memanfaatkan bahan-bahan hukum. Hasil penelitian ini menunjukkan pengaturan kebijakan manajemen risiko kredit di Indonesia telah diatur dalam peraturan perundang-undangan yang ada seperti Undang-Undang tentang Perbankan; Undang-Undang tentang Perbankan Syariah; Peraturan Bank Indonesia; dan Peraturan Otoritas Jasa Keuangan.   Upaya yang dipilih oleh pemerintah dalam mengatasi ketidakstabilan perekonomian akibat penyebaran COVID-19 adalah diterbitkannya kebijakan pemberian stimulus perekonomian nasional melalui penerapan Peraturan Otoritas Jasa Keuangan No. 11/POJK.03/2020.” Kebijakan ini bersifat “countercyclical” dikarenakan kebijakan” yang digunakan dalam menjaga kestabilan siklus perekonomian

scholarly journals FINTECH AND INDUSTRIAL REVOLUTION 4.0, THE IMPACT ON THE FINANCIAL WORLD

2020 ◽  
Author(s):  
Ha Hoang
Keyword(s):  
Asset Management ◽  
Financial Services ◽  
Industrial Revolution ◽  
Advanced Technology ◽  
The Public ◽  
Start Up ◽  
The World ◽  
The Government ◽  
The Impact ◽  
Tremendous Impact

Industrial Revolution 4.0 is taking place strongly and has gained a lot of special attention from the public recently. For the financial world, this revolution has given birth to Fintech – a generation of start-up companies with advanced technology based on the Internet. Most Fintech companies start out with payment services, but in many other areas of the financial world, by their own strategies, Fintech is competing directly or indirectly with segments that are the monopoly of traditional financial services such as capital mobilization, lending, asset management, etc.The results show that Fintech has had a tremendous impact on the financial world and traditional financial institutions. However, the challenges and risks of this start-up generation should not be taken seriously and neglected their positive impacts such as promoting innovation, increasing competition, better serving customers. We also believe that Fintech will be a promising land for startups in Vietnam. As many studies in the world have shown, the government need to observe closely, but should not lay down rules too soon or too closely because it can extinguish a field that has many advantages for Vietnam in the 4.0 revolution. This is also an important citation for further research in this field in Vietnam.

scholarly journals Relationship Between Non-Formal Credit and the Welfare of Indonesian Households

2020 ◽  
Author(s):  
Inayati Nuraini Dwiputri
Keyword(s):  
Interest Rates ◽  
Negative Impact ◽  
Positive Impact ◽  
Estimation Method ◽  
Household Welfare ◽  
Informal Credit ◽  
The Public ◽  
The Government ◽  
Effect Estimation ◽  
The Impact

This study used Indonesian Family Life Survey (IFLS) data and applied the fixed effect estimation method. This study showed that informal credit had a more negative impact on household welfare compared to the use of formal credit. In addition, the use of semi-formal credit caused a more negative impact on household welfare compared to the use of formal credit. It can be due to higher interest rates in the use of informal credit compared to semi-formal and formal credit. This study also indicated that credit used for productive purposes brought about a more positive impact than credit used for consumptive purposes. The higher the amount of credit used, the more positive the impact on household welfare is compared to the use of fewer loans. This research results can be the basis for the government to concern about the policy of credit interest rates to the public. Keywords: formal credit, semi-formal credit, informal credit, interest rate

Novel Coronavirus 2019 Outbreak: A Global Epidemic

2020 ◽  
Vol 17 (12) ◽  
pp. 1458-1464
Author(s):  
Sweta Kamboj ◽  
Rohit Kamboj ◽  
Shikha Kamboj ◽  
Kumar Guarve ◽  
Rohit Dutt
Keyword(s):  
World Health ◽  
Upper Respiratory Tract ◽  
Global Epidemic ◽  
The Public ◽  
The Government ◽  
Tract Disease ◽  
The 1960S ◽  
Novel Coronavirus ◽  
Health Organization ◽  
The Impact

Background: In the 1960s, the human coronavirus was designated, which is responsible for the upper respiratory tract disease in children. Back in 2003, mainly 5 new coronaviruses were recognized. This study directly pursues to govern knowledge, attitude and practice of viral and droplet infection isolation safeguard among the researchers during the outbreak of the COVID-19. Introduction: Coronavirus is a proteinaceous and infectious pathogen. It is an etiological agent of severe acute respiratory syndrome (SARS) and the Middle East respiratory syndrome (MERS). Coronavirus, appeared in China from the seafood and poultry market last year, which has spread in various countries, and has caused several deaths. Methods: The literature data has been taken from different search platforms like PubMed, Science Direct, Embase, Web of Science, who.int portal and complied. Results: Corona virology study will be more advanced and outstanding in recent years. COVID-19 epidemic is a threatening reminder not solely for one country but all over the universe. Conclusion: In this review article, we encapsulated the pathogenesis, geographical spread of coronavirus worldwide, also discussed the perspective of diagnosis, effective treatment, and primary recommendations by the World Health Organization, and guidelines of the government to slow down the impact of the virus are also optimistic, efficacious and obliging for the public health. However, it will take a prolonged time in the future to overcome this epidemic.

The Right to Information in India Implementation and Impact

2015 ◽  
Vol 2 (1) ◽  
pp. 17
Author(s):  
_______ Naveen ◽  
_____ Priti
Keyword(s):  
Public Life ◽  
Public Authorities ◽  
The Public ◽  
Know How ◽  
The People ◽  
The Government ◽  
Right To Information ◽  
The Right ◽  
The Impact

The Right to Information Act 2005 was passed by the UPA (United Progressive Alliance) Government with a sense of pride. It flaunted the Act as a milestone in India’s democratic journey. It is five years since the RTI was passed; the performance on the implementation frontis far from perfect. Consequently, the impact on the attitude, mindset and behaviour patterns of the public authorities and the people is not as it was expected to be. Most of the people are still not aware of their newly acquired power. Among those who are aware, a major chunk either does not know how to wield it or lacks the guts and gumption to invoke the RTI. A little more stimulation by the Government, NGOs and other enlightened and empowered citizens can augment the benefits of this Act manifold. RTI will help not only in mitigating corruption in public life but also in alleviating poverty- the two monstrous maladies of India.

scholarly journals A Study on the Impact of Schemes and Programmes of Government of India on Agriculture to Increase Productivity, Profitability, Financial Inclusion, and Welfare of Farmers to Transform them into Modern Society

2021 ◽  
pp. 231-243
Author(s):  
Mahesh K. M. ◽  
P. S. Aithal ◽  
Sharma K. R. S.
Keyword(s):  
Rural Areas ◽  
Financial Services ◽  
Modern Society ◽  
Modern Technology ◽  
Mobile App ◽  
Financial Inclusion ◽  
Agricultural Products ◽  
Theoretical Concepts ◽  
The Government ◽  
The Impact

Purpose: The foremost intent of this research article is to create awareness about various schemes for the productive sector of agriculture. Through this study, the level of performance of these agricultural schemes and programmes were analysed that will be helpful for the attainment of financial inclusion. Hence it is necessary to know about various schemes and their making to connect the beneficiaries. Agriculture is the basic source of food supply, production, processing, promotion and distribution. Agricultural products contribute to Gross Domestic Product (G.D.P.) and generate employment in rural areas. They transform the lives of the farmers in modern society. The government of India has introduced Minimum Support Price (MPS), MIF, PMKSY, PMFBY, e-NAM, PM-KISAN, PMJDY, PM-KUSUM, PKVY, NAMS, and MGNREGS. The mobile app KisanSuvidha and innovative programmes like Kisan Rail, KrishiUdaan double the farmers’ Income (DFI). These help in transforming village economy, coverage of irrigation, crop insurance, and stabilizing the income. They also ensure financial support, flow of credit and Direct Benefit transfer of subsidies and funds to beneficiaries. Adopting modern technology, farm-based activity, poultry, dairy, forestry, beekeeping and with the support of SHGs which will directly impact productivity, profitability, financial inclusion, and the welfare of farmers in the 21st century and development of the country’s economy. Design/ methodology/approaches: This study is all about the theoretical concepts based on analysis of various schemes and interconnect. Findings and results: This study reveals that the effectiveness of various agricultural programs and also identifies the benefits and beneficiaries of these schemes. Under this research, various financial services, subsidies, funds released, online platform for agricultural products, funds for micro-irrigation, and so on benefits provided by the government of India were studied. Originality/value: Analysed the various schemes and compelled its beneficiaries and develop a modern to achieve financial inclusion and economic growth through the study. Type of Paper: Research Analysis.

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