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Exclusive! Author of ‘Didda-Kashmir Ki Yodha Rani’ sends a legal notice to Kangana Ranaut; demands a reply within 72 hours | Hindi Movie News

Exclusive! Author of ‘Didda-Kashmir Ki Yodha Rani’ sends a legal notice to Kangana Ranaut; demands a reply within 72 hours | Hindi Movie News

Author Ashish Kaul whose book ‘Didda-Kashmir Ki Yodha Rani’ is up for a release soon, after its English version released in 2017, had accused Kangana Ranaut of violating copyrights when she announced her upcoming film, ‘Manikarnika-The Legend of Didda’. But the actress promptly shot down his claims stating that the film was not based on his book. Etimes has now learnt that the author sent a legal notice to the actress, demanding she reply within 72 hours.

Ashish continues to maintain that he is the sole copyright owner to the life of the legendary yet enigmatic warrior queen Didda who ruled in the Valley directly and indirectly for over five decades. As reported earlier, the author had shared the contents of the book with the actress in an email requesting her to write a foreword for the book. The notice reads, “Our Client was further appalled to discover that the nature and treatment of the character of Didda in the Proposed Film, was identical to the Narrative Text, the Book and the information communicated by Our Client in his e-mail of 11 September 2020. To add further insult to injury, Kangana Ranaut and Kamal Kumar Jain have since issued public statements alleging that their proposed Film is not based on the Book. It is re-iterated that the description of Didda as identified by Kangana Ranaut to promote the Film is identical to as set out in the Book.”

The author complains that following his claims, the actress’s legion of fans has been abusing and trolling him on social media. The notice further adds, “On account of such false denunciations, Our Client has been trolled and abused by the fans of Kangana Ranaut on Twitter and has suffered extreme mental anguish. It is unfortunate that Our Client, an established and published author and one of the few leading authorities on Didda in the world, is being needlessly harassed due to the actions of Ms. Kangana Ranaut and Mr. Kamal Kumar Jain. Our Client further risks financial losses as he has been in conversation with major producers and studios for the production of a film based on the book and the script, which has been registered since 2017. The actions and representations of Ms. Kangana Ranaut, Mr. Kamal Kumar and Ms. Rangoli Ranaut will severely impact all opportunities of commercial exploitation of the Narrative Text, the Book, and the Script by Kaul.”

Ashish has given Kangana 72 hours to reply to the notice, failing which will result in further legal action against her.

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Canada's Kripps and Stones capture World Cup 2-man bobsleigh Bronze at St. Moritz

Canada's Kripps and Stones capture World Cup 2-man bobsleigh Bronze at St. Moritz

Canada's Kripps and Stones capture World Cup 2-man bobsleigh Bronze at St. Moritz

Justin Kripps and Cam Stones of Canada captured the two-man World Cup bronze medal Saturday at the legendary St. Moritz course in Switzerland

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Ice cream from China contaminated with coronavirus: report

Ice cream from China contaminated with coronavirus: report

Three samples of ice cream from a Chinese company tested positive for COVID-19, and thousands of boxes of the dessert have been confiscated as a result. 


The contaminated ice cream caused Tianjin Daqiaodao Food Company to dump 2,089 boxes of the product, although officials believe more than double that amount — 4,836 boxes — has been contaminated, Sky News reported. 

More than half the total boxes had already been distributed for sale when the positive tests were discovered. Market regulation authorities in other provinces outside Tianjin where the ice cream was sent were notified of the issue, and customers who may have purchased the product are being told to report their health to community officials. 

According to the report, 1,662 employees were tested at the company Thursday and were quarantining.


Officials believe the coronavirus was able to survive in the ice cream due to the cold temperature and was likely transferred from a person who had the disease. 

Dr. Stephen Griffin, a virologist based at the University of Leeds, told Sky News the instance of contamination was likely a “one-off” and not indicative of a broader issue with the plant itself.

“Of course, any level of contamination is not acceptable and always a cause for concern, but the chances are that this is the result of an issue with the production plant and potentially down to hygiene at the factory,” Griffin said. 


Initial epidemiological investigations revealed Tianjin produced the batch of ice cream using raw materials including milk powder imported from New Zealand and whey powder imported from Ukraine.

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Frank Stallone recalls filming ‘Rocky’ with brother Sylvester, impressing Frank Sinatra in doc

Frank Stallone recalls filming ‘Rocky’ with brother Sylvester, impressing Frank Sinatra in doc

EXCLUSIVE: Frank Stallone doesn’t want to be known as Rocky’s little brother — but make no mistake, he’s proud of his family’s legacy.

The younger brother of Sylvester Stallone is the subject of a new documentary titled “Stallone: Frank, That Is,” which details his decades-long career as a singer and actor. It features interviews with Arnold Schwarzenegger, Richie Sambora, John Oates, and yes, Sly, too.

“I had done a few little guest spots, like the Lynda Carter specials,” Stallone told Fox News about his acting. “I then studied acting. But I kept busy. And so I actually learned on the job. I’ve done about 77 movies. A lot of them were lousy movies — I’m not gonna sit here and sugar-coat it. But they were all learning experiences for me.”

Frank Stallone pursued music before he found himself on the big screen.

Frank Stallone pursued music before he found himself on the big screen.
(Frank Stallone)

“And these roles weren’t given to me because of my name,” the 70-year-old continued. “Like ‘Barfly’ for example, I auditioned for that. And to this day people talked about it. And along the way, I’ve done some good films. The one thing I regret about my film career is that I somewhat abandoned my music career, which still really bugs me because I shouldn’t have done that.”


“But here’s the thing, I was having these hits and then nothing was happening,” Stallone admitted. I couldn’t even get an agent. So I figure, if they want me to do movies, I’ll study and do the best that I can. And things move forward. A lot of good scripts and a lot of not so good scripts came my way. But my goal was to stay in the game. And no matter what, I always returned to the music.”

While the 70-year-old first pursued music, he made his big-screen debut alongside his Sylvester in 1976’s “Rocky” where he showed off his singing during one memorable doo-wop scene. 

When it came to 'Rocky,' Sylvester Stallone (left) made his brother Frank Stallone (right) an offer he couldn't refuse.

When it came to ‘Rocky,’ Sylvester Stallone (left) made his brother Frank Stallone (right) an offer he couldn’t refuse.
(Photo by LGI Stock/Corbis/VCG via Getty Images)

“I was in a group called Valentine and we were pretty successful — if you want to consider successful making a hundred bucks a week,” the Golden Globe nominee chuckled. “We had pretty successful gigs in Jersey. My brother then calls me and goes, ‘I’m making a boxing movie. Wanna write music for it?’ I said, ‘Well, that’s not really my expertise, writing music for a boxing movie. But I said alright. Then he goes, ‘I want you to recreate something that you used to do when you were a kid singing on the street corner doing doo-wop.’”

Stallone agreed and wrote some music. But then his brother went radio silent — until Sylvester told him to come on down to Philadelphia where “Rocky” was being filmed. Stallone said his bandmates were hesitant because they were now making $140 a night.


“I’m talking $140 for the whole band, including the manager,” Stallone laughed.

Frank Stallone (left) is the subject of a new documentary titled 'Stallone: Frank, That Is.'

Frank Stallone (left) is the subject of a new documentary titled ‘Stallone: Frank, That Is.’
(Frank Stallone)

But then the actor made his younger sibling an offer he couldn’t refuse.

“He goes, ‘OK, we’ll give you 140,’” Stallone explained. “I said, ‘Well, we’re already making that.’ Then he goes, ‘140 each.’ Well, that changed everything!”

But bringing “Rocky” to life was far from glamorous. Stallone said it was freezing at the time and filming took place “in a really bad, rough neighborhood.”


And while no one predicted “Rocky” would become so iconic, Stallone said he had a feeling something unexpected was going to happen.

“I remember when we first saw it before it came out,” said Stallone. “I couldn’t put my finger on it, but I just felt there was something special about this. But we all thought this film would make the money back at drive-ins and such. And as for me, I just sang in it and didn’t give it another thought after that. It turned out to be the last time the Stallone name was unknown. From there, it just blew up.”

The performer admitted that it was “frustrating” when people would solely ask “What’s it like being Rocky’s brother?” when he went out to perform. And meanwhile, Sylvester, now 74, had skyrocketed to superstardom.

Actor Frank Stallone promoting the movie 'Staying Alive' in London, circa 1983.

Actor Frank Stallone promoting the movie ‘Staying Alive’ in London, circa 1983.
(Photo by Dave Hogan/Getty Images)

Still, Stallone stressed he was proud of his brother and the work they’ve done together. In fact, he even appeared in 1983’s “Staying Alive,” a sequel to 1977’s “Saturday Night Fever” that was written and directed by Sly. The song “Far From Over” even became a hit. But despite the song’s popularity, it wasn’t nominated for an Oscar.


“That’s the only curse word in my documentary,” said Stallone. “I got screwed up… It was such a hit that I had no doubt in my mind that I would get an Oscar nomination. But then my brother calls me and goes, ‘I got bad news.’ My initial reaction was, ‘Oh God, who died? What happened?’ Then he goes, ‘They took another song to be nominated.’ I just thought it was ridiculous. I felt like they bounced me out. And it would have been kind of cool to have two brothers nominated for Oscars, you know? And the song was such a success. It took the wind out of my sails if you want me to be honest with you.”

But Stallone said he never thought about quitting his love of music. And his efforts ultimately paid off when he got the stamp of approval from one fan.

Frank Stallone is still making music today and says he has no plans to slow down.

Frank Stallone is still making music today and says he has no plans to slow down.
(Frank Stallone)

“I remember I was at the Hollywood Bowl on a really bad date,” he said. “I mean, the girl is basically ignoring me. But here we were at this show watching Don Rickles. Then Frank Sinatra comes out with his Jack Daniel’s and goes ‘Is Frankie Stallone out there?’ I thought I was gonna have a heart attack. I just kind of stood up.

Then he goes, ‘I heard that new album you did with Billy May. Knocked my socks off, kid.’ I just thought, ‘Oh. My. God.’ And now the girl is all over me like a cheap suit! I was just so smitten. It’s really cool to be recognized by one of the greatest singers of the 20th century.”


Today, Stallone is still making music and he has no plans to slow down.

Actor/writer Sylvester Stallone (left) and actor Frank Stallone arrive at the Los Angeles premiere of Lionsgate Films' 'The Expendables 3' at TCL Chinese Theatre on August 11, 2014, in Hollywood, California.

Actor/writer Sylvester Stallone (left) and actor Frank Stallone arrive at the Los Angeles premiere of Lionsgate Films’ ‘The Expendables 3’ at TCL Chinese Theatre on August 11, 2014, in Hollywood, California.
(Photo by Allen Berezovsky/Getty Images)

“I believe this is a gift from God,” he said. “I believe this is my journey. This is what I’m meant to do. I’ve always enjoyed it. It was always easy for me. It’s where I feel the most comfortable, being on stage. There’s no turning back for me.”

“Stallone: Frank, That Is” is available on VOD and Digital.

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Coronavirus: What’s happening in Canada and around the world on Saturday

Coronavirus: What’s happening in Canada and around the world on Saturday

The latest:

India began its mass vaccination campaign against COVID-19 on Saturday, with plans to inoculate about 300,000 people on the first day of the drive.

The first recipients are to include doctors, nurses and other front-line workers. They are to be followed by people who are either over 50 years old or have illnesses that make them vulnerable to the respiratory illness.

The first dose was administered to a sanitation worker at the All Indian Institute of Medical Sciences in the capital of New Delhi, after Prime Minister Narendra Modi kicked off the campaign with a nationally televised speech.

“We are launching the world’s biggest vaccination drive and it shows the world our capability,” Modi said. He implored citizens to keep their guard up and not to believe any “rumours about the safety of the vaccines.”

People will not be able to choose between the Oxford University-AstraZeneca vaccine and a government-backed vaccine developed by India’s Bharat Biotech whose efficacy is not entirely known because it’s still undergoing Phase 3 trials. Both vaccines are being produced locally.

Canada’s vaccine supply, meanwhile, has hit a stumbling block. Pfizer is upgrading and expanding its European production line, so its vaccine deliveries to Canada and other countries will be temporarily disrupted, Minister of Public Services and Procurement Anita Anand said on Friday.

Canada’s allotment of the vaccine will be reduced by half for four weeks, said Maj.-Gen. Dany Fortin, the military commander leading vaccine logistics.

Prime Minister Justin Trudeau said the development will not thwart plans to have enough vaccine doses by September for every Canadian who wants to be inoculated and that deliveries will ramp up again in February.

The news came as the Public Health Agency of Canada released federal projections that suggested the pandemic’s impact may soon exceed levels seen in the first wave, rising to 19,630 cumulative deaths and 10,000 daily infections over the next 10 days.

WATCH | Pfizer delays will slow vaccine program, says Ontario’s task force leader:

Retired general Rick Hillier says Pfizer’s shipment delay means there will be adjustments to the vaccine program in Ontario. 2:23

PHAC said the modelling data showed that roughly 2,000 more people are expected to die from COVID-19 by Jan. 24, while as many as 100,000 more people could contract the novel coronavirus.

What’s happening across Canada

As of 7 a.m. ET on Saturday, Canada had reported 695,707 cases of COVID-19, with 76,067 cases considered active. A CBC News tally of deaths stood at 17,729.

In British Columbia, where all available vaccine doses are being deployed as they arrive, Health Minister Adrian Dix said Pfizer’s delay in deliveries will have “some significant effect” on when priority groups get their shot.

The delay could also affect the wait time between each shot of the two-dose regime, he said.

Although Pfizer-BioNTech suggests a second dose 21 days after the first, provincial health officer Dr. Bonnie Henry has said that could be extended to 35 days.

A spokesperson for Quebec Health Minister Christian Dube said the temporary slowdown in deliveries reinforced the province’s decision to wait up to 90 days to administer the vaccine’s second dose.

WATCH | Businesses plan when remote employees return to the office:

Businesses are beginning to prepare for what happens when employees return to the office after working from home since the start of the pandemic. 2:03

“The strategy remains the same: we must give a boost now and vaccinate as many vulnerable people and health workers as possible, as quickly as possible,” said Marjaurie Cote-Boileau.

Alberta decided earlier this week to push back its second shots to 42 days. The province’s health minister, Tyler Shandro, said Friday that he had hoped to soon announce all seniors over 75 and Indigenous people over 65 would be eligible for the vaccine, but the delay makes that out of the question.

Ontario Premier Doug Ford said the province was evaluating the impact of the delay and “will adjust as necessary.”

In Atlantic Canada, New Brunswick recorded 25 new cases on Friday, continuing a recent surge in cases that has seen provincial officials warning of new restrictions.

Nova Scotia reported two new cases and two new recoveries on Friday, leaving its number of active cases at 32. In Truro, a mobile health unit has been set up in response to an increase in the number of potential exposures in the area during the last week.

Newfoundland and Labrador added one new case on Friday. Prince Edward Island saw one new case on Thursday.

WATCH | Ontario schools for special needs students stay open despite lockdown:  

Schools for special needs students aren’t closing despite Ontario’s new lockdown measures — and that’s a worry for teachers and staff who work in them. 2:06

Quebec announced 1,918 new cases and 62 deaths on Friday. There are 1,496 people hospitalized due to COVID-19, including 231 in intensive care.

Ontario reported 2,998 new cases and a record 100 deaths on Friday, though 46 deaths reported by Middlesex-London Health Unit occurred earlier in the pandemic. There are 1,647 COVID-19 patients in hospitals, including 387 in intensive care.

WATCH | COVID-19 treatment Bamlanivimab goes unused:

COVID-19 vaccines have come fast but treatments for the disease are still limited. When a Canadian company developed Bamlanivimab, a new monoclonal antibody drug, Ottawa spent millions on doses. But after the rush to buy them they’ve sat on shelves for months, unused. 2:04

Manitoba reported 191 new COVID-19 cases and five more deaths on Friday. The update comes a week before provincewide restrictions that ban most gatherings and the sale of non-essential goods expire. The provincial government is now considering reducing some of those restrictions, and is asking for input from the public in an online survey.

Saskatchewan reported 382 new cases of COVID-19 and four deaths on Friday. Dr. Saqib Shahab, the province’s chief medical health officer, said Thursday he will recommend new restrictions next week if COVID-19 case numbers don’t decline.

Alberta reported 785 new cases of COVID-19 and 13 additional deaths on Friday, while British Columbia health officials reported 509 new cases and nine more deaths.

In Yukon, a COVID-19 vaccination clinic for physicians and high-risk hospital staff has inoculated about 300 people.

Northwest Territories chief public health officer Dr. Kami Kandola announced that one person in Yellowknife had tested positive for COVID-19. Kandola said the person has not travelled, and there is no known source of infection at this time.

In Nunavut, more than 600 people are estimated to have received a first dose of the Moderna vaccine so far, Chief Public Health Officer Dr. Michael Patterson said.

What’s happening around the world

As of Saturday morning, more than 93.9 million cases of COVID-19 had been reported worldwide, with more than 51.7 million of those considered recovered or resolved, according to Johns Hopkins University’s COVID-19 case tracking tool. The global death toll stood at just over two million.

AstraZeneca’s COVID-19 vaccine has been granted approval for emergency use in Pakistan, Faisal Sultan, the country’s health minister said on Saturday.

Pakistan is in the process of speaking to a number of vaccine makers, but this is the first COVID-19 vaccine to be given the green light in the South Asian country.

In Europe, Spain on Saturday ruled out a new national lockdown despite the record of COVID-19 cases recorded on Friday. The country registered 40,197 new cases on Friday, while the incidence of the disease measured over the past 14 days hit a new high of 575 cases per 100,000 people.

Unlike other European countries such as Britain and the Netherlands, which have extended national lockdowns, Spanish officials have repeatedly said a return to home confinement should not be necessary.

A man receives a COVID-19 vaccine inside Lichfield Cathedral, which has been turned into an emergency vaccination centre, in Lichfield, north of Birmingham, England on Friday. (Carl Recine/Reuters)

Prince William is encouraging everyone in Britain to follow the example of Queen Elizabeth, his grandmother, in being inoculated against COVID-19 as authorities battle unsubstantiated fears about vaccine safety.

The second in line to the throne spoke about the Queen and her spouse, Prince Philip, during a video call with National Health Service staff and volunteers that was released late Saturday. The medics told William some members of the public are reluctant to get any of the coronavirus vaccines authorized by regulators.

“My grandparents have had the vaccine and I am very proud of them for doing that,” William said. “It is really important that everyone gets the vaccine when they are told to.”

The Queen, 94, last week disclosed that she and Philip, 99, had received the first dose of vaccine. The disclosure was meant to boost confidence in the shots as the NHS seeks to give the first dose of vaccine to everyone over 70 by the middle of February.

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COVID-19 changed how we work. Will it stick?

COVID-19 changed how we work. Will it stick?

How we work was heating up to be an important debate long before the pandemic added rocket fuel to remote working capacity. Now, millions of people have spent the past 10 months in a pandemic-imposed trial. They have set up a corner of their home as an all-in-one office, school and living area.

Some love it. Pat Suwalski does not.

Suwalski is part of a historic shift in the job market. At the peak of the pandemic lockdowns in April, more than 40 per cent of those still working at least half their usual hours were working from home, according to Statistics Canada.

That number declined to around 26 per cent in September 2020 before “increasingly slightly in the fall,” the agency said.

“In three industries — professional, scientific and technical services; finance, insurance, real estate, rental and leasing; and public administration — working from home has remained at elevated levels,” it said.

In areas such as education, which was affected by school shutdowns and the shift to remote learning early in the pandemic, only about a third of people were working from home by December compared to close to half in April.

City centres, like this one in Ottawa, are practically empty as many employees continue to work remotely during the COVID-19 pandemic. (Brian Morris/CBC)

The question among experts, economists and business owners is how many of them will return to their workplaces when the crisis is over.

“I’m pretty enthusiastic to get back to the office whenever it’s possible to do so,” said Suwalski, a developer for a small software firm called Vectorface in Ottawa.

Suwalski usually shares an office with 15 co-workers. Now, he shares a room with his son Jacob who’s on a Zoom call with his kindergarten class. Meanwhile, his three-year-old daughter is at daycare.

Suwalski misses in-person meetings. He misses impromptu hangouts in the hallways. He even misses his commute.

“I’m in a car by myself,” he said. “I can either listen to the radio or focus on my thoughts.”

Suwalski thinks others will also want to return to their offices.

“I think, at best, we’re going to go back to a partial in-office presence and then work from home as well,” he said.

Software developer Pat Siwulski and his son Jacob share a work space in their home in Nepean, about 16 kilometres southwest of Ottawa. (Submitted by Pat Suwalski)

Demand for flexibility

It’s not just employees pondering a return to the office.

Margaret Szots, a talent development manager with the City of Toronto, is also trying to figure out what the future will look like.

She was working on a way to give employees more flexibility before COVID-19 hit. 

“We know what many of the issues are because we’re living them,” she said.

The benefits are clear — people don’t have to commute, they’re saving money and they’re saving time, she said.

However, the long-term impact remains mired in uncertainty, she said. 

“We were already on a trajectory to this new way of working,” she said. “[The pandemic] pushed us that much more quickly … We’re not going back to the way we were.”

San Diego-based Kate Lister, president of the Global Workplace Analytics consulting firm, predicted the pandemic would be “the tipping point for remote work.” 

Early in the pandemic, she estimated, “25 to 30 per cent of the workforce would work from home multiple days a week when the threat was over.”

“It felt like a bold assertion. Now, nearly nine months into the world’s largest work-from-home experiment, if anything, I’m feeling my estimate might be low,” she writes in a January 2021 report on remote work.

Margaret Szots, a talent development manager with the City of Toronto, works from her home. She’s wondering what the future will hold for workplaces. (Submitted by Margaret Szots)

For employers, remote work has offered benefits such as reduced eal estate costs, less absenteeism, lower employee turnover and increased productivity, the report found.

Looking ahead

Companies big and small are looking at their workforces now and trying to figure out how things will look in six months or a year.

Facebook said as many as half of its employees will work remotely for the foreseeable future.

In a virtual town hall meeting with employees in May, CEO Mark Zuckerberg said that doesn’t mean employees have permission to decamp to their hometowns or a beach somewhere.

“Your salary will be adjusted if you change location,” he said, noting that’s a long-standing policy. 

But people who want to work remotely won’t be the challenge, he said. 

“It’s going to be that there are more people who want to get back into the office than we can support,” he said.

Avery Shenfeld, CIBC’s chief economist in Toronto, agreed.

People have had ample opportunity to work from home for years, and Zoom has been around since 2013, he said.

“I keep hearing all these people [saying]: ‘We’re all going to work from home forever,'” he said. “No [we won’t] because it’s not effective.”

When the pandemic hit, office towers such as these in Vancouver emptied out. Filling them up again will be more complicated. (Ben Nelms/CBC)

At least it’s not effective for everyone.

But that’s not to say there will be a flood of people rushing back to their offices next spring or summer.

Even once restrictions loosen, it’s not like giant office towers can just open the doors and let everyone back in.

“I don’t think there will be a single moment when this COVID period is done,” Zuckerberg said back in the spring, and the pandemic has only worsened since then.

Some health and safety restrictions will remain in place even as other broader restrictions are lifted.

Getting everyone to stay home was relatively simple. Finding a way to get them back to the office will be a much more complicated affair.

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Armin Laschet elected leader of Angela Merkel’s party

Armin Laschet elected leader of Angela Merkel’s party

BERLIN: Chancellor Angela Merkel‘s center-right party has elected Armin Laschet, the pragmatic governor of Germany‘s most populous state, as its new leader – sending a signal of continuity months before an election in which voters will decide who becomes the new chancellor.

Laschet defeated Friedrich Merz, a conservative and one-time Merkel rival, at an online convention Saturday of the Christian Democratic Union. Laschet won 521 votes to Merz’s 466; a third candidate, prominent lawmaker Norbert Roettgen, was eliminated in a first round of voting.

Saturday’s vote isn’t the final word on who will run as the center-right candidate for chancellor in Germany’s Sept. 26 election, but Laschet will either run for chancellor or will have a big say in who does.

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116 people infected with UK variant of Covid-19 in India: Govt | India News

116 people infected with UK variant of Covid-19 in India: Govt | India News

NEW DELHI: The number of people who have tested positive for the new UK variant of SARS-CoV-2 in the country has climbed to 116, the Union Health Ministry said on Saturday.
“The total number of persons found infected with the new UK variant genome is 116,” the ministry said.
All these persons have been kept in single-room isolation in designated healthcare facilities by respective state governments, the ministry earlier had said.
Their close contacts have also been put under quarantine. Comprehensive contact tracing has been initiated for co-travellers, family contacts and others. Genome sequencing on other specimens is going on, the ministry said.
The situation is under careful watch and regular advice is being provided to the states for enhanced surveillance, containment, testing and dispatch of samples to INSACOG (Indian SARS-CoV-2 Genomics Consortium) labs.
The presence of the new UK variant has already been reported by several countries including Denmark, the Netherlands, Australia, Italy, Sweden, France, Spain, Switzerland, Germany, Canada, Japan, Lebanon and Singapore

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Reserve Bank of India likely to propose stricter rules for shadow banks: Sources

Reserve Bank of India likely to propose stricter rules for shadow banks: Sources

Bank of
India is
stricter regulatory norms
banks in a bid
to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years, two sources said.

RBI began trying
to move towards tighter norms
for the sector after Infrastructure Leasing & Financial Services, the largest NBFC, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019.

The RBI is expected
to set out its proposals in a discussion paper next week and recommend that bigger non-banking finance companies (NBFCs), or
banks, maintain a statutory liquidity ratio (SLR), the sources said.

Neither officials wished
to be named as the discussions on the proposals have not been made public.

banks are mandated
to maintain SLR or the minimum percentage of deposits that they must hold in the form of liquid cash, gold or government securities at 18%.

The RBI could also suggest large NBFCs be required maintain a cash reserve ratio. CRR currently stands at 3%, below the usual 4% level, after a temporary reduction by RBI due
to the ongoing pandemic that will be reversed after March 31.

“As a security,
to ensure sustainability and also
to ensure liquidity
for NBFCs, SLR and other steps, like CRR are being contemplated,” one of the officials said.

The move could be a huge cash drain
for the sector which is currently free from maintaining these reserve ratios, which allows them
to give loans
to sub prime lenders as well.

The proposal, however, is expected
to recommend a phased implementation of the reserve ratios, ensuring NBFCs are given time
to adhere
to the norms, the official said.

“Cost of compliance
rules and regulations should be perceived as an investment as any inadequacy in this regard will prove
to be detrimental,” RBI Governor Shaktikanta Das said in a speech on Saturday referring
to increased regulation in recent years
banks and

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Watch Alia Bhatt channel her inner diva in THIS BTS clip from a fun photoshoot | Hindi Movie News

Watch Alia Bhatt channel her inner diva in THIS BTS clip from a fun photoshoot | Hindi Movie News

Alia Bhatt has been busy shooting for Sanjay Leela Bhansali’s upcoming project ‘Gangubai Kathiawadi’. Despite her hectic schedule, she has been spending quality time with her family and beau Ranbir Kapoor.

While the couple is going strong and bonding with each other’s family as well, they have been winning over the internet with their impeccable chemistry. Meanwhile, a BTS clip of Alia from a recent photoshoot has grabbed our attention.

Dressed in a stylish uber-cool yellow jumpsuit, the ‘Raazi’ actress can be seen having a gala time while posing in front of the lens. Alia’s electrifying energy and that infectious smile in this BTS photoshoot clip is sure to win your heart.

Meanwhile, on the professional front, Alia has a long list of interesting projects lined up for 2021. She will soon be seen alongside Ranbir in Ayan Mukerji’s ‘Brahmastra’. Apart from this, she also has ‘RRR’ and ‘Takht’ in her kitty.

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