Up to Rs 2 lakh loans in nationalized banks to be waived off
Cabinet decision
Bengaluru, August 24: As announced in the Budget, the JDS-Congress coalition government on Friday decided to waive off the loans from nationalized banks up to Rs 2 lakh. The Cabinet also decided to waive off current loans up to Rs 2 lakh availed from the nationalized banks and this would cost Rs 32,000 crore burden on the state Exchequer.
The Cabinet meeting chaired by Chief Minister HD Kumaraswamy took the decision. Speaking to reporters after the Cabinet meeting, Kumaraswamy said that earlier, nationalized banks have agreed for the loans waiver, but later backtracked from their decisions. The loan waiver would be implemented in phased manners in the next four years. Including the previous government’s loan waiver amount, the state government has the burden of Rs 43,000 crore now, for which, two nodal officers would be appointed to process it, he added.
It was already decided to accumulate the financial resources from the state Exchequer. The government has reserved Rs 6,500 crore for loan waiver during this financial year. In 2019-20, the government would reserve Rs 8,656 crore, Rs 7,876 crore in 2020-21 and Rs 7,231 crore in 2021-22 for loan waiver purpose. The banks have charged 12 per cent interest, for which Rs 7,419 crore interest would be borne by the government, he said.
From loan waiver decision, the government has to pay Rs 32,000 crore to the banks and it was decided in the Cabinet meeting on how to repay it in four years, he said.
Runaparihara Act again
Former chief minister Devaraj Urs had brought in Runaparihara Act in 1976. The loans availed from private money lenders and hand loans up to Rs 1,25,000 would also be waived off. The government has decided implement this Act through Ordinance under which those who recover loans forcefully would get one year jail term. It was decided to recommend the President for the approval, he said.
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Real Madrid fines Valverde and Tchouaméni half a million euros each for altercation
Barcelona (AP): Real Madrid slapped players Federico Valverde and Aurélien Tchouaméni with half-a-million-euro ($588,000) fines on Friday for their altercation during practice.
The massive fines came a day after the midfielders tussled when the team trained. Valverde said in a post on social media on Thursday that no punches were thrown. But Valverde knocked his head on a table and he suffered a small cut that required a brief hospital visit.
On social media, Valverde initially called it a “meaningless fight” with a teammate and said “everything has been blown out of proportion."
His employers, however, considered it a significant enough breach of team discipline to nail both Valverde and Tchouaméni with fines that bite even the bank account of a top soccer player. The half-a-million euro penalties reflect the reputational damage the club was enduring in a chaotic end to a disappointing season.
In a statement, the 15-time European champion said its disciplinary action was concluded after both players expressed to the club “their complete remorse for what happened and apologized to one another.”
Madrid added they also apologized to their teammates, the coaching staff and club supporters, as well as showing their willingness to accept whatever disciplinary action the club deemed “opportune.”
Tchouaméni was back training with Madrid on Friday, two days before they play at Barcelona in a clasico. Madrid has to win otherwise Barcelona will be crowned La Liga champion.
After being notified of the fine, he posted a public apology to the club and its fans on social media.
“What happened this week in training is unacceptable,” Tchouaméni wrote. "I say this while thinking about the example we are expected to set for young people, whether in football or at school.
“Above all, I am sorry for the image we projected of the club.”
Valverde was not at practice due to the head knock.
Both players are set to play in the World Cup next month, with Tchouaméni playing for France and Valverde for Uruguay.
Chaotic end to a poor season
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The run-in between the players, who for seasons have played side by side in Madrid's midfield, came after they argued this week in previous training sessions. But tempers boiled over on Thursday. Spanish media was rife with reports that the players previously disagreed over the club's decision to let coach Xabi Alonso go after just months on the job.
It was not the only altercation involving Madrid players during training this week. Álvaro Carreras confirmed he was in a “minor” incident with a teammate. Spanish media said he and fellow defender Antonio Rüdiger got into a scuffle.
Álvaro Arbeloa, the coach who was promoted from Madrid's reserve team when Alonso was fired in January, will face tough questions on what went wrong inside the changing room when he gives a press conference on Saturday ahead of the clasico at Camp Nou.
Madrid is facing a second consecutive campaign without a major trophy amid rumors in the Spanish media that club president Florentino Pérez is considering bringing back Jose Mourinho to straighten out his underperforming team.
