Moody's Flags Monsoon Risks, Cuts India Growth Forecast to 7%

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Moody's Flags Monsoon Risks, Cuts India Growth Forecast to 7% WESTERN TIMES AHMEDABAD MONDAY, 7/9/2015 3 SBI Chief frowns on call drops, says not good for financial inclusion ENTERTAINMENT Mumbai: SBI chairman Marine Drive, if you aren't Government of late began Arundhati Bhattacharya able to get calls, this is not to believe that the main Dhanush's fourth release of 2015 set joined the debate on fre- good, she said, adding that problem lies in telcos not for Diwali quent call drops, citing a such coverage by the telcos investing enough to im- personal experience of not might hinder the ambitious prove connectivity. On Au- Chennai, being able to get seamless financial inclusion plans. gust 16, the Department of Actor Dhanush is on a roll. With three releases connectivity while driving This is an area which is Telecommunications (DoT) already in his kitty so far this year, his upcoming along Marine Drive, and very important and unless asked telcos to file weekly Tamil outing, which is tentatively titled "VIP 2", will warned that bad networks we are going to get connec- update hit the screens on Diwali. are detrimental to financial tivity across the country at on call drops. It may be "If all goes as planned, 'VIP 2' will release during inclusion agenda. a much better bandwidth, it noted that telecom cover- Diwali. There's a lot of shuffling of release dates of A drive from my office to is going to be very difficult age in the national capital is star-studded films, so a lot depends on the release my house, which is along to push this agenda (of fi- also equally bad. of these films that are slated to hit the screens be- the Marine Drive, I have at nancial inclusion and digital The DoT asked opera- fore 'VIP 2'," a source from the film's unit told IANS. least five identified places banking) and take it really tors to improve connectiv- Being directed by Velraj, who helmed "VIP", the where the calls drop, forward, she said. ity by August 20 in areas like film also stars Samantha Ruth Prabhu and Amy Jack- Bhattacharya said while ad- She added that many the I&B Ministry headquar- son in lead roles. dressing the annual FIBAC times, it is the lack of access ters at Sanchar Bhawan, the Produced by Dhanush's Wunderbar Films, it has summit of bankers. that makes people not use Supreme Court premises, music by Anirudh Ravichander. Though on a lighter a banking account and we Shastri Bhawan that houses Dhanush is currently shooting for filmmaker note, she quipped that it's need to collectively look a host of ministries, the air- Prabhu Solomon's yet-untitled Tamil action-drama good to have 20 minutes of into this aspect. port-Rashtrapati Bhawan in which he plays a pantry worker. peace while being driven It may be noted that for route, certain Metro stations Next year, he will be seen playing a gangster in from the bank headquarters many months, the Govern- and the high-profile Vetrimaaran's two-part film "Vada Chennai". He also in the Nariman Point central ment and the telcos have Aurangzeb Road. The Prime Minister, Shri Narendra Modi releasing the commemorative coins has a yet-untitled political thriller with director R.S. business district to her offi- been in a duel over the ris- The Telecom Regulatory of Rs. 125 & Rs. 10 to mark the 125th birth anniversary of Dr. Sarvepalli Durai Senthil Kumar. cial residence at the tony ing incidence of call drops. Authority of India (TRAI) has Radhakrishnan, on eve of the Teachers' Day, at Manekshaw Centre, in New Delhi In Bollywood, Dhanush is expected to team up Malabar Hill area which is The menace assumed im- found a two-fold jump in on September 04, 2015. The Union Minister for Human Resource Development, with "Ranjhanaa" director Anand L. Rai again. less than 6-km away. portance after the govern- call drops on 2G networks Smt. Smriti Irani, the Ministers of State for Human Resource Development, Prof. Bhattacharya said such ment got an audit done on and 65 per cent on 3G in a (Dr.) Ram Shankar Katheria and Shri Upendra Kushwaha and the Minister of Would love to do cameos in call drops in the heart of the telcos to ascertain the issue. one-year period. State for Finance, Shri Jayant Sinha are also seen. nation's financial capital re- While telcos have for The industry average of Bollywood: Ravi Teja flect poorly on the country years been blaming the lack call drop incidents at the Chennai, as a whole. of spectrum and ban on end of January-March 2015 Actor Ravi Teja says he has no plans of estab- It doesn't say much for putting up enough number period was 12.5 per cent Adani enterprises to invest lishing an alternate career in Bollywood, but admits the country. In a place like of towers as the main rea- compared to 6.01 per cent he would love to essay cameo roles in interesting Mumbai, and that too on sons for poor connectivity, a year ago on 2G networks. Hindi projects. Rs 25k cr in Chhattisgarh "I'm so busy with Telugu projects that I really don't have the time or interest to explore opportu- New Delhi: Adani Enter- generation (CTP) project ister Amar Agrawal, Chief nities in Bollywood. I recently did a cameo song in Niche banks: SBI Chief says it prises, the flagship firm of and a rice bran solvent ex- Secretary VivekDhandh and Kannada film 'Vajrakaya', and I'd love to something Adani Group, has inked a traction plant and refinery, Adani Enterprises Manag- similar on the lines in Bollywood," Ravi Teja told pact with the Chhattisgarh it added. A poly-generation ing Director Rajesh Adani, it IANS. could be a 'dog-eat-dog' market government to invest over plant is one that simulta- added.The first project to be Another reason why he is not keen about Mumbai: State Bank of ries that has resulted in customer base, which she Rs 25,000 crore for setting neously produces two or set up is a CTP project that Bollywood is because he believes projects here take India (SBI) chief Arundhati greater provisioning and described as a real up urea and power project more marketable products. includes an Ammonia/Urea time to be completed. Bhattacharya again ex- dented profits. challenge.When their agile as well as rice bran oil ex- The Memorandum of and Substitute Natural Gas "Hindi projects take time to be completed, un- pressed fears over the entry It can be noted that systems and delivery mod- traction plant in the state. Understanding (MoU) was (SNG) complex via gasifica- like most Telugu films that are wrapped up quickly," of payments banks, saying India's largest lender has els come together, compe- Adani Group signed a signed between tion of Indian high ash coal he said, and added that he would love to work with they are agile and have an picked up as much as 30 per tition is going to be tougher. MoU with the Government Chhattisgarh Industry Sec- sourced from within the megastar Amitabh Bachchan. edge as they are not bound cent stake in the payments All of us incumbent players of Chhattisgarh to develop retary Subodh Kumar Singh state, it said. The project cost Currently busy shooting for Telugu actioner by industry- bank entity must look at it and decide two critical projects in the on behalf of the state and is estimated to be over Rs "Bengal Tiger", Ravi Teja is expected to start work- level wage that Reli- what should be our re- state. The project cost for Rajesh Jha and KS Varshney 25,000 crore and includes ing on the Telugu remake of "Special 26". agreements ance Indus- sponse, she said. both the projects is esti- from the Adani Group, the coal to urea, coal to SNG which can tries will be Sun Pharma promoter mated to be around Rs statement said. plant as well as coal-based Tom Cruise's 'Jack Reacher 2' set for lead to 'a dog- launching DilipShanghvi and Vijay 25,200 crore, the Gautam The MoU was signed in thermal power plant. It has eat-dog's soon. ShekharSharma of PayTM Adani-led group said in a the presence of a potential to generate October 2016 release world'. The RBI also got approval in their in- statement. The two projects Chhattisgarh Chief Minister 5,000 jobs in Chhattisgarh, comprise of a coal to poly- Raman Singh, Industry Min- it added. Los Angeles, Existing Governor dividual capacities. Hollywood star Tom Cruise will return to his look universal Raghuram of a homicide investigator as production banner banks stand Rajan at a fi- Paramount Pictures has scheduled the release date to face chal- nance con- of "Jack Reacher 2" on October 21, 2016. lenges given clave, Although 2012's "Jack Reacher" wasn't a huge the fact that these banks Bhattacharya expressed Moody’s flags monsoon risks, hit at the domestic box office, it will get a sequel af- will be coming in without fears about the payments ter all. The second instalment of the action movie any risk, that they will be banks eating into the busi- franchise replaces Warner Bros' disaster-themed coming in with an agile sys- ness of universal banks due movie "Geostorm", tem and delivery models to their technological ad- cuts India growth forecast to 7% which was moved to and that they've not been vantages. January 2017. held hostage by industry- Bhattacharya reiterated New Delhi: Cautioning "Jack Reacher 2" level agreements and wage that payments banks, for that slow reforms pace India’s growth outlook is resilient will face off against limits, she said.
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