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Government brings 1540 cooperative banks under RBI through ordinance

In a virtual press conference held on June 24, it was announced that the Union Cabinet has decided to bring all cooperative banks under the Reserve Bank of India (RBI) through an ordinance. The decision was announced by Union Information and Broadcasting Minister Prakash Javadekar from his residence.

As per the decision, all government banks, including 1482 urban cooperative banks and 58 multi-state cooperative banks have been brought under supervisory powers of the RBI. Javadekar informed that the decision to bring 1540 cooperative banks under RBI would give an assurance to more than 8.6 crore depositors in these banks that their money amounting to Rs 4.84 trillion will stay safe.

Finance Minister Nirmala Sitharaman, in her speech earlier had also announced the government’s intention to bring cooperative banks under RBIs supervision in Budget 2020.

The government has also announced to provide 2% interest subvention to borrowers under the Shishu? category of the flagship of Pradhan Mantri MUDRA Yojana (PMMY). Under this category, collateral free loans of up to Rs 50000 will be given to beneficiaries. The Union Cabinet has approved the scheme for interest subvention of 2% to Shishu loan category borrowers under PMMY, outstanding as on March 31 for a period of 12 months to eligible borrowers, Javadekar said. 

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Entertainment

And that’s how a film is made – Kantara shows the way! | Movie review

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Nation Next Newsroom | Bengaluru

Kantara poster

Social media is buzzing with one word today and that word is Kantara! Yes, another Kannada film after KGF that has caught the people’s fancy and how. In fact, this one goes a notch higher than KGF – because the film has been released only in Kannada with English subtitles and yet – the movie is capturing the hearts of people across India and the world.

From California, London and Berlin to cities across India, high praise is pouring in for the Rishab Shetty starrer and the actor-director’s Twitter feed is testimony to this. Ordinary cine-goers are putting screenshots of housefull bookings, sharing videos of people clapping and whistling in theatres and then profusely thanking the star for making this film.

So, what’s this film about? Kantara (which means forest in Sanskrit) stands out because it has powerful storytelling at its core. It is rooted in local folklore, has the right amount of action and adventure and comes with a social message too. Man versus nature, native customs and local politics, which spans three timelines and a climax that’s to die for, is what the film’s about. Add to this some superlative performances by the cast, a stellar background score by B Ajaneesh Loknath and mind-blowing cinematography by Arvind S Kashyap that serenades Karnataka’s rustic locales and you have what can be called the perfect recipe for a blockbuster film. Telling you more will just be a spoiler! So, what are you waiting for? Go watch!

Also read: When Lata Mangeshkar got offended by Dilip Kumar and didn’t speak to him for 13 years

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Nagpur News

October 01, 2022 | Nagpur News | नागपुर समाचार | Hindi News Bulletin | Nation Next

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Avani Arya | Nagpur

Nation Next Nagpur Bulletin brings to you a summary of major news events that took place in Nagpur on October 01, 2022.

Also read: Shashi Tharoor is capable of bringing Congress back in power, says Congress leader Ashish Deshmukh

 
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Nagpur News

Purva Kothari’s jewellery collection sparkles at ‘Intrea’ exhibition in Nagpur

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Radhika Dhawad | Photographer : Nitin Mankar | Nagpur

Amid festivities, jewellery designer Purva Kothari conducted a two-day exhibition of diamond studded jewellery at Jawaharlal Darda Art Gallery in Nagpur on October 1 and 2.

Purva, in the past, has enticed celebrities including Director at Reliance Industries Nita Ambani, Varsha Patel wife of former minister Praful Patel, Founder at Videocon Venugopal Dhoot, Founder Chairman at GMR Group GM Rao and endorsements from Salman Khan, Kareena Kapoor Khan and Saina Nehwal, to name a few.

Also watch: All you need to know about diamonds, jewellery | Interview with designer Purva Darda Kothari

Also read: When Lata Mangeshkar got offended by Dilip Kumar and didn’t speak to him for 13 years

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