New Delhi, Aug 2 (IANS) Celebrated costume designer Neeta Lulla is happy to join the Oscar Panel this year, and says the role comes with a lot of responsibility.
Lulla was among the 819 artistes and executives who have received invitations to join the Academy of Motion Picture Arts and Sciences (AMPAS).
"The responsibility it brings is the responsibility to communicate correctly. When you are part of such an esteemed jury, you need to communicate to them correctly, you need to be in sync with what they're talking about in terms of what are the new kind of films coming up, and the genres that are coming up, be true to reading them, be true to judging the films that come to you. A great deal of responsibility goes with it," Lulla told IANS.
The 2020 invitees also include Bollywood stars Alia Bhatt and Hrithik Roshan, documentary director Nishtha Jain, writer Sabrina Dhawan, casting directors Nandini Shrikent and Tess Joseph, visual effects artistes Vishal Anand and Sandeep Kamal, and V. Senthil Kumar, the co-founder of the digital streaming company Qube Cinema Technologies.
The invitation, when accepted, gives one voting rights to the 93rd edition of Academy Awards.
Lulla's period films "Devdas" (2002), "Jodhaa Akbar" (2008) and "Manikarnika" (2019) were recognised by the Academy.
"I was completely taken aback when that underlying aspect of the clip came in. And I was like, this is a body that has recognised my work and knows what 'Devdas' and 'Jodhaa Akbar' are! There's a sense of pride that they have actually noticed these films and they have seen the work over, and then came the clip where they spoke about the visual grandeur and visual colour combinations of 'Manikarnika'. It was like people are noticing India and people are noticing the kind of work coming from India," declared Lulla, who was also seen in "Decoded Season 2", a short-format fashion series on TLC and Discovery Plus app.
New Delhi, Aug 8 (IANS) Public sector banks would need to increase their provisioning buffer factoring in the incremental provisioning requirement on restructured loans and potential NPAs, a report said.
To discourage rampant and unviable restructuring, the RBI has now mandated that banks will be required to make high provisions at 10 per cent on restructured retail/corporate loans (20 per cent on corp loans for banks outside inter-creditor agreement).
According to analysts, higher provisioning cost would deter unwarranted restructuring. But, this would put pressure on the PSBs to accelerate the pace of increasing their provisioning buffer or disallow restructuring, even in genuine case of stress due to the Covid-19 pandemic.
"Assuming Covid-19-induced stressed loans at 10-15 per cent and at least 50 per cent restructured in the worst case, our rough calculations show systemic level immediate additional provisioning cost at 10 per cent could be 50-75 bps," Emkay Global Financial Services said in a report.
This would mean certain banks would fare better while restructuring loans under stress owing to the pandemic. While ICICI/Axis carry contingent provisions of 125-130 bps, HDFCB/KMB/IIB/RBL have around 60 bps. But large PSBs have contingent provisions of just 10-15 bps.
"Thus, we believe that some banks may have to further accelerate their provisioning buffer, factoring in the incremental provisioning requirement on restructured loans and potential NPAs," Emkay said in its report.
The provision required for restructured loans, however, provides for reversal of 50 per cent of provisioning on retail loans in case the borrower pays 20 per cent residual debt, and the balance 50 per cent on payment of another 10 per cent without slipping into NPA.