SOUTH SUPERSTAR PAWAN KALYAN’S POLITICAL RALLY RECEIVES AN UNPRECEDENTED RESPONSE...

MEGA-STAR TURNED MEGA-LEADER

Pawan Kalyan is the biggest name in Andhra Pradesh show business – his several blockbusters over the last many years have proved that. Now, it seems like he’s gathering the same intensity and momentum as he steps into another direction – public service.

Pawan Kalyan made his political debut a few years ago when he became the President of the Janasena Party. At the peak of his popularity at the movies, he stepped into the public arena.

On the 15th of October 2018, Pawan Kalyan held a Parade in Vijaywada to raise political awareness. The response was historic and unprecedented. Over half a million people came out in his support. The visuals were simply spectacular – it was a sea of people that came out for the one man they loved and adored.

People from all walks of life joined in this movement. Lakhs of people waited for hours to see their favorite film star who has now taken on the mantle of a young political leader.

According to Pawan Kalyan, “We organized this Parade because we are soldiers and we will change this political system. We are here for the change.”

Film stars and politics have always gone hand-in-hand, especially in South politics. Pawan Kalyan – a new, charismatic leader is on his way. The photographs show what kind of hold he has among the youth and masses.

Dassehra Movie Singer Madhushree and Producer Aparana S Hosing Distributed Notebook at Nityanand BMC School...

In today’s world nobody believes in giving back to the society but there are some people who understand the needs and their responsibility towards society. As we can say with success comes not only money, but also a responsibility while a lot of our Bollywood celebrities are doing well financially, but only few realize their responsibility. It’s nice to see that these celebrities are doing something good for the common people. Recently Dassehra film Producer Aparana S Hosing, Music Director Vijay Verma, Parisar Asha CEO Aarti Savur and Singer Madhushree were seen distributing Note Book at Nityanand BMC School children in association with Parisar Asha. Producer Aparana S Hosing wants all children around the country to get better education and healthcare facilities.

On the social cause Producer Aparana S Hosing added a word, she said, “It’s a very small contribution towards society and specially for these children who are future of tomorrow. It’s our responsibility to make them educate and healthy for better future.”

About the movie “Dassehra” The political thriller will hit the screens on October 26. This is first time Neil Nitin Mukesh coming in Cop role and this film will be fully action drama.

Abhishek Dubey(PRO)

MSME PROPRITERIARY AND PARTNERSHIPS ARE STILL NEGLECTED IN NCLT REGIME: Dr.Paanse...

National Company Law Tribunal (NCLT) established under the Insolvency and Bankruptcy Code 2016 (IBC), which was initiated by the Narendra Modi Government with the main object of “Doing business with ease” has hardly served MSME sector, as the proprietary concerns and partnership firms are still outside the purview of the NCLT.

In fact, the NCLT was set up by the Union government under IBC to help the NPA accounts to resolve their problems and restructure the business while maintaining the employment. However, presently it is useful only to the corporates. MSME sector which is mainly in the form of proprietary and partnership forms are being neglected, alleged Dr. Visswas Paanse, Ex-banker and NPA activist.

Talking to reporters Dr. Visswas said the small and medium entrepreneurs other than corporates who are NPA’s were not getting any opportunity to revive their business under The Board for Industrial and Financial Reconstruction (BIFR) and now under IBC as well.

Even at present the corporates which are applying to NCLT, either under section 7, 9, or 10 are not getting dates for 3-4 months. According to law they should get an opportunity to be heard within 15 days. The corporates are thus deprived of taking advantage of this new law and banks are getting undue upperhand for destroying the existing businesses. In fact, the IBC is meant for revival of business but such delay is helping banks unduly, use this time for coercive recoveries.

The Process of resolution under IBC has to be completed within 6 months, from the date of admission which may be extended to another 3 months but presently even this 9 months are not enough and are always deferred for more than 9 months. Now it is interpreted as the time limits under IBC are directory and not mandatory. This is not with the spirit of IBC, says Dr. Visswas

As of now, NCLT is flooded with insolvency cases of big corporate houses including Essar Steels, Bhushan Steel and Bhushan Power and Uttam Galva etc and the existing infrastructures of NCLT are being overburdened. The NCLT also gives the priority to big and known corporates as big debt are involved in it and the small and medium entrepreneurs are being neglected without any reasons.

The recent judgment of Supreme Court whereby personal properties mortgaged by the promoters to obtain the corporate loans have been kept outside the provisions of IBC is against the spirit of IBC. When the corporate loans are based on these collateral securities why should they be kept outside the purview of IBC, Government should take note of it and make the suitable amendment in the Code, demands Dr. Visswas. This is also detrimental for arriving at practical resolution of borrowers, as the physical possession of the personal mortgaged properties are taken by the bank and used exclusively for their own recovery purpose.

About the appointment of the Resolution Professional (RP), Dr. Visswas argues that the banks and financial institutions appoints only their selected Panel members as RP and remove the IRPs appointed under section 7 or 9 by other creditors or by the borrowers under section 10. It shows the banks have no trust on the RPs or IRPs which are appointed by others. “Isn’t it against the basic framework of IBC and doubting the integrity of RP or IRP as professionals? “- questions Dr. Visswas.

The provisions should be made unless there is a prima facie evidence that an IRP is behaving partially he should not be removed. Any empanelment of RPs or IRPs by the banks or institutions either officially or unofficially should be banned as they are supposed to be impartial – suggests Dr. Visswas.

——-Abhishek Dubey(PRO)

Bhojpuri film “Ek Yogi” shooting has started in Jharkhand...

The shooting of Bhojpuri movie “EK Yogi” has started in Jharkhand. The makers has completed its first schedule of movie and shared photos on there social media account.

The lead actor Subodh Mahto First look in Ek Yogi has made some serious waves online. Just hours from its release, it trended online and social media. The film directed by Amar Dubeyand DOP Ajay Vishwkarma.

——-Abhishek Dubey(PRO)

RAKESH SAWANT’s ‘ AMAVASYA’ Enters 2nd Week In Chennai...

Producer-director Rakesh Sawant of Jaya’s Films And Music released the Tamil version of AMAVASYA on 12th October in Chennai from Jaya’s Film Distribution . The film has entered 2nd week from 19th October in 25 cinemas all over Chennai. The film has been hailed for its suspense, thrills and also music. A seductive item number on Raakhi Sawant and Ejaz Khan is the major highlight of the film which will also release in in Telugu and Hindi shortly.

Associate Producer: Naresh Kumar( of Delhi). The film is co-produced by Siddharth Singhmar and Bhupender Singh Tomar of Dharam Productions. Jai Akash ( of South ), Nupur Mehta, Shravan,Jeeva,Sabu, Kota Srinivas, Ruby Khan, Rishabh Jain, Pankaj Pareek,,Preeti Singh and Late Rajesh Vivekji( Veerana and Lagaan fame ) alongwith Mumaith Khan in a seductive dance number are in the main cast of the film.