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RBI writes off loans over Rs 68,000 crore given to defaulters including Mehul Choksi, reveals RTI

The RBI admitted to writing off Rs 68,607 crores that were due on the willful defaulters including absconding diamantaire Mehul Choksi.
Mehul Choksi

The Reserve Bank of India (RBI) admitted to writing off Rs 68,607 crores that were due on the willful defaulters including absconding diamantaire Mehul Choksi. The information came to light after activist Saket Gokhale filed an RTI query on details of top 50 willful defaulters and their present loan status till February 16. The RBI revealed that this huge amount comprised outstanding as well as the amounts technically/prudentially written off till September 30, 2019.

Gokhale told IANS, I filed this RTI because Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur had refused to reply to this starred question asked in parliament by Congress MP Rahul Gandhi, in the last budget session, on Feb 16, 2020. Disclosing what the government didn’t, the RBI’s Central Public Information Officer Abhay Kumar provided the replies on Saturday (April 24), with several startling revelations in the diamond-studded list.

Gokhale further told IANS, The apex bank also declined to provide the relevant information on overseas borrowers citing a Supreme Court judgement of December 16, 2015.

Choksis Gitanjali Gems Limited that owed Rs 5,492 crore, besides other group companies of his ? Gili India Ltd. and Nakshatra Brands Ltd. ? that had taken loans of Rs 1,447 crore and Rs 1,109 crore, respectively topped the list.

With Rs 1,943 crore, liquor baron Vijay Mallya’s now defunct Kingfisher Airlines Ltd (Rs 1,943 crore) also made his entry in the list. Six out of the 50 names in the list are connected with diamond and gold jewellery industries. While Choksi is currently a citizen of Antigua & Barbados Isles, his nephew and another absconder diamond trader Nirav Modi is in London.

 

Also read: Maharashtra CM callsback UP CM; says avoid giving communal angle to saints murder in UP

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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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