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Banks told to ensure interest payback, RBI tells SC

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Banks told to ensure interest payback, RBI tells SC

The Reserve Bank of India (RBI) knowledgeable the Supreme Court on Sunday that it has suggested banks and monetary agencies to absolutely observe a central authority scheme to pay again debtors compound hobby or hobby on hobby, charged on their loans at some stage in the six-month moratorium duration.
The RBI, in a brief affidavit, stated its round changed into issued on October 26, simply 3 days after the Ministry of Finance accepted the scheme for ex-gratia charge of the distinction withinside the compound hobby and easy hobby charged among March 1 and August 31 for 8 classes of loans really well worth up to ₹2 crore through November 5, 2020.
The RBI stated it has “suggested” business banks, co-operative banks, monetary establishments and non-banking monetary agencies to conform with the authorities’s pay-again scheme.
“RBI has suggested all Commercial Banks (which includes Small Finance Banks, Local Area Banks and Regional Rural Banks), all Primary (Urban) Co-operative Banks/ State Cooperative Banks/ District Central Co-operative Banks, all All India Financial Institutions and all Non-Banking Financial Companies (which includes Housing Finance Companies) to be guided through the provisions of the Scheme and take essential movements in the stipulated timeline therein,” the affidavit filed thru recommend Ramesh Babu M.R. stated.
A 3-decide Bench led through Justice Ashok Bhushan is scheduled to pay attention the case on November 2.
The authorities scheme is supposed to bring “extra comfort” to debtors laid low with the pandemic-triggered monetary distress. The Union Cabinet had accepted the scheme on October 21. The scheme will cowl MSME, education, housing, customer durables, credit score card, auto, private and intake loans.
Clause 3 of the authorities scheme defines “all monetary establishments” to consist of banking agencies, public region banks, cooperative banks, nearby rural banks, all India monetary establishments, non-banking monetary agencies, housing finance agencies registered with the RBI, and country wide housing banks.
“The Central Government has directed that every one lending establishments shall supply impact to the scheme and credit score the quantity calculated as in line with the scheme into the debts of the debtors through November 5,” the Ministry of Finance had in advance declared in an affidavit.
All lending establishments will credit score the distinction among compound hobby and easy hobby on loans withinside the respective debts of eligible debtors for the duration among March 1 and August 31, the authorities affidavit had stated.
“The quantity will be credited through every of the lending establishments no matter whether or not such eligible debtors have absolutely availed or partly availed or have now no longer availed of the moratorium/deferment in charge of instalments as in line with the circulars dated March 27 and May 23 issued through the RBI,” the Finance Ministry affidavit had explained.
In the closing courtroom docket listening to on October 14, the Bench had frowned upon a perceived put off in giving comfort to cash-strapped debtors, in general people in dire monetary straits casued through the pandemic.

Tap To Explore More : The Hindu

Also Read : IN THE LAST 24 HOURS 46,963 NEW CASES OF CORONA HAVE BEEN REPORTED

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HT Rewind 2024: Teja Sajja says HanuMan kicking off the year in style is the moment he’d been ‘waiting for’ | Exclusive

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HT Rewind 2024: Teja Sajja says HanuMan kicking off the year in style is the moment he’d been ‘waiting for’ | Exclusive

In conversation with Hindustan Times, Teja Sajja decodes the success of HanuMan and other Telugu films, talks about his upcoming projects, and more.
When Prasanth Varma’s superhero film HanuMan, starring Teja Sajja, was announced to be released alongside big films like Mahesh Babu’s Guntur Kaaram, Venkatesh’s Saindhav and Nagarjuna’s Naa Saami Ranga in January this year, no one expected the underdog to emerge on top. And yet, the film, made on a budget of under ₹50 crore, managed to collect over ₹300 crore at the box office worldwide in 25 days, becoming one of the highest-grossing Indian films for the year. (Also Read: Ranveer Singh met HanuMan actor Teja Sajja, complimented him even after his Prasanth Varma film Rakshas got shelved)

Ask Teja about the moment he realised his film had not just fought against the tide but also risen to the top; he tells Hindustan Times in an exclusive conversation, “Since I returned to acting (as a lead actor after being a child artiste since 1998), this is the moment I’ve been waiting for. When everything from the HanuMan teaser to the songs was grabbing attention, we knew we had hit a gold mine. But I don’t think we imagined it would cross the ₹300 crore threshold. We were so satisfied with the opening numbers; everything else was a bonus.”

‘Success has given me fear of disappointing people’

Teja acted in Zombie Reddy, Ishq and Adbhutham before HanuMan, but they are what you would call ‘critical successes’, adding to his repertoire as an actor who can perform. But things have changed for him now, says Teja, who is being picky about the roles he says yes to. “Success either makes you overconfident or gives you the fear of disappointing people; I have the latter,” he explains.

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Teja admits he wants to chart out his career in Hrithik Roshan’s footsteps, but not in the way you think. “I have such a fondness for Hrithik due to Koi Mil Gaya and Krrish. No matter how well he performed after that, these left a lasting impression on me; I’m sure 90s kids will agree,” he says, adding, “Similarly, I’ve realised that I have an audience in children now. I want to be conscious of that when I pick roles. I want to make films families can enjoy together.”

But despite people in places like Mumbai or Delhi recognising him, Teja says he’s clear that he wants to cater to the Telugu audience first. “I am conscious that I am making films for my playground – the Telugu states. This is the sensibility I have grown up with, and I don’t know if I can cater to everyone else. Will I promote my films in other languages? Sure. But I also can’t be part of films that aren’t authentic to what I know or understand,” he explains.

‘Rootedness has put us on the world map’

And authenticity seems to be the need of the hour. Be it Baahubali and RRR or the recently released Pushpa 2: The Rule, Kalki 2898 AD and Devara: Part 1, certain kind of stories seem to be finding success. “Rootedness and going local is proving to be such a boon for us, be it in Devara or Pushpa or HanuMan. Kalki 2898 AD was our version of a Hollywood film (the sci-fi concept) with actors from across languages in predominant roles; it put us on the world map,” reflects Teja.

However, the actor admits Tollywood went through a phase of Bollywood-inspired rom-coms and family dramas that worked in their favour for a while. “That wasn’t easy to replicate either, but it’s just that these local stories are what the audience seems most interested in now. It can’t just be chalked up to religion, too. It’s about the morals these films are hinged on, the fighting for righteousness, and how an underdog can find their strength. Introducing Mahabharata or Ramayana to a new audience in a cool way is just a perk,” he says.

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And it’s this rootedness that Teja says his next films, Mirai and Jai Hanuman (the sequel to HanuMan), will also have ample of. “Mirai is also a superhero film that caters to kids, but it’s not an origin story like HanuMan. It has a pan-Asian and Buddhist touch because the story is based on King Ashoka’s ideologies. I hope that I will get to deliver something new to the audience again. I will only feel like I’ve arrived if Mirai is equally, if not more, successful,” says Teja.

Rishab Shetty will headline Jai Hanuman, but Teja also looks forward to shooting that. “I can’t wait to be on that set; it’ll be exciting. Now that we know India is ready to watch our films, I want to step it up. I want to shift gears and shoot for at least two films in 2025,” he says. As for what he will do next, Teja says he wants to up the ante. “When I got a SIIMA award for Zombie Reddy as a debutant, I remember telling Prasanth this would be the last award I get. But now that I won a Radio City Cine Award for Best Actor, I hope more awards will follow,” he signs off cheekily.

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