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Sanjay Mishra says his father would be proud after author Paulo Coelho praised his performance in Kaamyaab, film presented by Shah Rukh Khan

Sanjay Mishra starrer Kaamyaab hit the screens on 6th March 2020. The film captured the journey of the character actors. Recently, The Alchemist author Paulo Coehlo praised the film and his performance.

Taking to Twitter, he said, “The producers thank you in the very 1st frame, @iamsrk. I am doing the same. 2 days ago a great Brazilian actor, Flavio Migliaccio, committed suicide, leaving a note on how the industry treats their artists. This movie, labeled as “comedy”, is in fact the tragedy of Art.”

Shah Rukh Khan was quick to respond to his tweet. As the presenter of the film, he said, “Saw the film when it was doing Festival rounds and it touched a chord with the whole team at @RedChilliesEnt Am so moved you appreciate. It’s a sad truth that character actors get forgotten. Look after yourself my friend and be safe & healthy.”

Sanjay Mishra recently spoke to a daily and said that when the emotions of a film connect, language is not the issue. He said that though neither he nor his mother have read Paulo’s books, he told her that he is a well-known author. She said to Sanjay that his father would be proud of him. He said that he received congratulatory messages from his father’s civil services colleagues too.

As Paulo mentioned how a Brazilian actor committed suicide, Sanjay revealed that many of his friends are currently jobless due to lockdown. He said that those who have jobs could lose it one day but some of them didn’t even have it to begin with. He further said this goes for the senior artistes who get written off irrespective of their contribution to the cinema. Sanjay Mishra said that an actor is also society’s responsibility.

The story revolves around how a character actor after his retirement is all set to make a record of 500 films and continue his hustle. Sanjay Mishra and Deepak Dobriyal starred n the film as Mishra had undergone a prosthetics transformation for every character shown on-screen.

Kaamyaab had its world premiere at the Busan International Film Festival followed by screenings at Festival du film d'Asie du Sud Paris, New York City South Asian Film Festival, Indian Film Festival of Melbourne, Shanghai International Film Festival, as well as the MAMI Mumbai Film Festival.

ALSO READ: Author Paulo Coelho appreciates Shah Rukh Khan for Kaamyaab; actor reveals why he produced it




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The voice of Rishi Kapoor, Shailendra Singh, reveals how his promising singing career ended

‘Main Shayar To Nahin’ in Bobby gave birth to two stars. Rishi Kapoor who lip-synced this timeless song and Shailendra Sing who actually sang the tune to eternal fame. Singh, now 67, living alone in blissful isolation, blames his own poor networking abilities to his short-lived stardom. “I don’t speak about my past glory and when my friend Chintu (Rishi Kapoor) passed away I saw that wonderful phase in my life when we both dazzled the world come to a closure,” says the affable singer when I coax him into an interview.

“I met him after he returned from his treatment, three months ago. He was his usual self, so full of life, sparkling with humour and warmth…Why does such a man leave us so quickly? We were almost the same age. I still remember a very young fair-skinned boy standing quietly in the studio when I was recording ‘Main Shayar Toh Nahin’ for Raj Saab and Laxmikant-Pyarelalji. He didn’t say anything. Just kept observing, later he introduced himself as the hero of the film that I was singing for, says Shailendra fondly.

How did he, a newcomer, get such a prized singing assignment like Bobby? Shailendra sighs, “Even I wondered why, and how. I had nothing to do with the film fraternity. I lived in Pune and learnt classical Hindustani music from my Guru. Then suddenly one day I was told that Raj Kapoor Saab was looking for a fresh voice for his son, and why don’t I try for it?”

Shailendra “gave it a try” with no expectations. “How was I to know that Raj Saab would like my voice? At that time I had no idea what it was for, that Raj Saab was making a film called Bobby with his son Rishi Kapoor in the lead. Or that the composers were the great Laxmikant-Pyarelal and that my duets would be with the Singing Queen Lata Mangeshkarji. I knew none of this.”

Here came a seemingly insurmountable hurdle. “Laxmikant-Pyarelal wanted the voice of Mohd Rafi Saab for Chintu. But Raj Saab was adamant. It had to be a fresh new voice for Chintu. Aur bhala Raj Saab ki baat kaun taal sakta ttha? So there I was, being told by Laxmikantji to sing something, anything…And guess what I chose to sing for him? ‘Dekha Na Haye Re Socha Na Haye Re’ from Bombay To Goa. An R D Burman composition for Laxmikant-Pyarelal! I remember the very talented composer Rajesh Roshan played the congo as I sang for Laxmi-Pyareji. That was the song of my life ‘Dekha Na Haye Re Socha Na Haye Re’. I never cared about cultivating the right people in the film industry, or belonging to any camp.”

Thereafter a couple of significant incidents happened in the Kapoor parivar. “Daboo (Randhir Kapoor) got married. Raj Saab lost his father (Prithviraj Kapoor). Finally I recorded ‘Main Shayar Toh Nahin’. Everyone congratulated me. I was formally introduced to the film fraternity by Raj saab at a get-together. I remember Sharmila Tagore, Mumtaz, Rajesh Khanna, R D Burman they were all there. My dream run had just begun. The duets with Lataji were yet to come, though she was there for my recording of ‘Main Shayar Toh Nahin’. I remember she introduced herself (as though I didn’t know who she was!), watched me sing and then left quietly. Soon I was singing ‘Hum Tum Ek Kamre Band Ho’ with her. The first of our three super hit duets in Bobby. She saw my nervousness and put me at ease. I became a lifelong fan. My day still starts with her song. By the way ‘Main Shayar Toh Nahin’ was re-recorded. I had to do it a second time, though I thought I was better in the first version.”

Shailendra Singh reveals how his dream of becoming Rishi Kapoor’s permanent ghost voice were shattered. “I thought I’d be Chintu’s ghost-voice, just like Mukesh Saab for Raaj saab. Chintu of course believed in my voice. He would always recommend me. I sang two songs for him in his second film Zehreela Insaan. I was supposed to sing a third song ‘Oh Hanseeni’, which became the biggest hit of the film. Before I knew it, the song was taken away from me and given to Kishore Kumar Saab.”

An identical situation arose during Saagar. “I was told S P Balasubramaniamji would be Kamal Haasan’s voice. And I would be singing all the songs for Chintu. I recorded one song ‘Jaane Do Na’ with Ashaji for Saagar .It was used for the mahurat of the film. And then suddenly, all the other songs were sung by Kishore Kumar Saab. I don’t blame anyone for this sudden change. Kishoreda was a much bigger and better singer than me. I am happy to have got songs like ‘Main Shayar Toh Nahin’ (Bobby), ‘Humne Tumko Dekha’ (Khel Khel Mein), ‘Sham Suhanee Aaye’ (Zinda Dil), ‘Hoga Tumse Pyara Kaun’ (Zamane Ko Dikhana Hai), ‘Jaane Do Na’ (Saagar) and ‘Oh Meri Jaan’ (Manzil Manzil). The rest was all destiny.”

In 1994, Shailendra Singh was hospitalized for complication due to diabetes. “The talk in the industry was that I had a heart attack and that I had died. I didn’t die. But the rumours killed my career.”

Shailendra’s acting ambitions also came in the way of his singing career. “I played the lead in a couple of Hindi films Agreement opposite Rekhaji and Do Jasoos where I got to work with Raj Saab as an actor. Then I did guest appearances in two films with Bhaijaan (Mehmood) Ginny Aur Johnny and Naukar. I was very close to Bhaijaan. I also played the lead in a Bengali film Ajosro Dhanyobaad with Aparna Sen as my leading lady. I spoke all my dialogue in Bengali and sang all the songs…I soon realized acting wasn’t my forte. Singing was. And singing it shall remain. Even today no matter where I go at every concert the audiences go wild when I sing ‘Main Shayar Toh Nahin’. Incidentally Chintu returned to sing ‘Main Shayar Toh Nahin’ in Kunal Kohli’s Hum Tum in my voice. It was a grand reunion. Now I will sing ‘Main Shayar Toh Nahin’ for Chintu when we meet again. ”

Also Read: Dimple Kapadia’s big Rishi Kapoor connection & little Irrfan Khan connection




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Jacqueline Fernandez looks like a breath of fresh air in these inside pictures from Harper’s Bazaar magazine

Jacqueline Fernandez’s latest cover for a leading magazine was flawless as ever but these inside images tell us, how we must reconnect with nature. What better inspiration than the actress, herself!

In the first one, we see Jacqueline playing a guitar and playing with a little goat. Jacqueline is seen wearing a beautiful dark ocean blue blazer with a bralette and a skirt. The magazine on their social media says, "Amidst news of the lockdown extension, we asked Jacqueline Fernandez to create images that would celebrate just some of the things that are bringing us joy right now—beautiful imagery, nature, and the hope of a better future. The actor is quarantined out on a Panvel farmhouse and is also currently promoting her new Netflix movie Mrs Serial Killer. She styled and did her own hair and makeup for this dreamy digital cover story. Watch this space to see more images created exclusively for Bazaar."

The second one is the one where we're searching for sunnier times. Jacqueline looks stunning in the beige skirt and a white single shouldered top with soft summery glowy dewy makeup. The magazine shares on their social media and says, "Dreaming of sunnier times and the great outdoors with cover star Jacqueline Fernandez".

 

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The last look of Jacqueline with wavy hair and the blazer with sunshine on her hair enhancing the looks. The last one is a perfect picture for how we are all feeling during the quarantine, the magazine writes, "Our April/May 2020 digital issue cover star Jacqueline Fernandez shared a glimpse of what life looks like for her right now in quarantine. The actor is grateful to be quarantined out on a Panvel farmhouse where she is, “reconnecting with nature”. She says she is, "doing everything that I can to help those in need from here and praying for strength and health to each one in this world during these tough times."

It’s amazing to see how we can totally relate to these images and mood as we are feeling it totally. Everyone is searching for hope, sunnier and happier times. Everyone is reconnecting with nature in their own way. Jacqueline is also one of those actress who wins hearts not just on magazine covers but also on-screen each time. Her recently released Mrs. Serial Killer has won hearts and the perfect portrayal of a dark character has just proved her versatility as an actress one more time.

Also Read: VIDEO: Salman Khan, Jacqueline Fernandez, Iulia Vantur send out bags of ration to the needy




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EXCLUSIVE: Subhash Ghai reveals the plot of Khalnayak 2 with Sanjay Dutt, Madhuri Dixit, and Jackie Shroff

Khalnayak is one of the most respected films made by Subhash Ghai, despite the controversies that revolved around it. From Sanjay Dutt’s arrest post shooting for the final scene to Madhuri Dixit’s famous song, ‘Choli Ke Peeche Kya Hai’, there were a number of controversies that came to light. However, after the film released, it became a blockbuster and was even recognized internationally. Subhash Ghai, in an exclusive conversation with Bollywood Hungama, spoke about how he ideated the sequel of this film after Sanjay Dutt wrote to him from jail.

He said, “We’re working on Khalnayak 2 from the past 2-3 years now. Sanjay Dutt has always been a dear friend of mine and even when he was in jail, he used to write to me. So, in those letters, he would always write to me saying that whenever he entertains here, they hand him the mic and ask him to sing as well. The most famous song there was ‘Nayak Nahi Khalnayak Hu Main’, and Khalnayak was a very popular film there and they loved him for the character Ballu Balram, so why don’t we make a sequel for it?”

He further continued and said, “So, he wrote it to me in a letter and that’s when I thought that it’s possible to make a sequel. It would revolve around Ballu Balram returning from jail after completing his sentence and then he would come across Madhuri Dixit and Jackie Shroff’s characters that have gotten married and have kids. Then I narrated it to Sanjay and he said that we will definitely make this film, that’s when we started working on the script and it has been close to two years now and the script is ready. God willing, we will soon take the film on floors. The story will revolve around Ballu Balram’s older and younger version. Sanjay will portray the older version and the younger one will be portrayed by a new-age star.

He further confirmed that Madhuri Dixit and Jackie Shroff will also be a part of the film. Watch the entire segment right here.

Also Read: Sadak 2: Sanjay Dutt says Mahesh Bhatt still seeks perfection in every shot




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Robots in a rush: time-aware AI aids human-machine interaction

Time is an illusion, breakfast time doubly so. In future, human workers might not be alone in experiencing frenetic mornings thanks to EU-funded researchers who have equipped robots with human-like time perception capabilities – and tested them in the kitchen.




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Software defends against cyberattacks on energy grids

An EU-funded project is developing software designed to prevent, detect and act on cyberattacks on smart meters in big infrastructure installations, boosting the security of our power supplies.




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Cultivating innovative techniques for sustainable water use

An EU-funded project promoted the exchange, display and transfer of innovative fertigation technologies which combine fertilisation with irrigation. This approach will help farmers to use limited water resources more sustainably while reducing harmful nutrient losses to the environment.




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A repairable brain: cell reprogramming to halt neurodegenerative disease

EU-funded researchers have developed innovative genetic reprogramming techniques to replace and repair brain cells, opening up novel therapeutic pathways to combat debilitating disorders such as Parkinson's and Huntington's disease.




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Can't wait to get back, says Paul Pogba

Manchester United star Paul Pogba said he is eager to return from a lengthy spell on the sidelines when football resumes following the coronavirus pandemic. The World Cup winner has been limited to just eight appearances for United this season after battling a nagging ankle injury.

"I'm already training and touching the ball," Pogba, who hasn't played since December 26, told the United Podcast. "I've been frustrated, a long time ago. Now I'm almost there, so I'm just thinking about getting back and training fully with the team and everything." "You think bad but I've never had something like this in my career, so I always take it in a good way. It makes me more hungry to come back and do well. And, yeah, it just shows me as well how much I love football." Pogba's agent Mino Raiola has hinted the 27-year-old could leave Old Trafford if he is unhappy at the end of the season. However, the Premier League has been put on hold indefinitely due to the spread of the deadly virus.

"You have to be very patient because, well my injury, I don't know if people really know what happened," Pogba added. "So I had a foot injury, which came in the game against Southampton. It was early this season and so I carried this for a long time, training and trying to be playing with it. After I stopped, I found I had a fracture. "I had a cast on it, a plaster-cast, so it went very well but too well. The bone got bigger and so, when I came back again, I played those two games against Watford and Newcastle, I could feel something again. "So I had to have an operation and now here I am. I don't feel anything and, hopefully, I'll be back very soon."

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Revealed! Former Arsenal manager Unai Emery blamed ex-girlfriend Sacha for being sacked

Former Arsenal manager Unai Emery's ex-girlfriend Sacha Wright, 35, has told British tabloid, The Sun that he blamed her for his sacking last year.

Unai, 48, who joined Arsenal on May 2018 on a two-year deal, was sacked by the team management in November last year, following a poor run. Sacha claimed that Unai called her a "white witch" and blamed her for his team's failure.

"I trusted Unai and believed we would get married and have kids. I thought he was a gentleman and a family man. But in the end I realised he was not ready for a serious relationship," said Sacha, who first dumped Unai in September only to take him back in December.

"It was then that he blamed me for getting him the sack. He said I was a white witch as I brought him bad luck. He said the team began losing the day we broke up," said Sacha, who finally left Unai in March.

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COVID-19: Ex-Manchester United star Marouane Fellaini out of hospital

Former Manchester United star Marouane Fellaini was discharged on Tuesday after spending more than three weeks in a Chinese hospital being treated for coronavirus. The 32-year-old midfielder, the only player known to have contracted the disease in the Chinese Super League (CSL), will now spend 14 days in quarantine for further observation, his club Shandong Luneng said.

The Belgium international said on March 22 that he had tested positive for the virus, having just returned to China, but assured fans that he was feeling fine. Fellaini posted videos of himself on Instagram exercising in his room while in hospital in the eastern city of Jinan. In an Instagram update on Tuesday, he wrote: "The time has come for me to thank from the bottom of my heart the medical staff of the hospital, their nursing staff as well as my club and its medical staff for taking such good care of me with so much kindness and for ensuring my comfort whilst there. "The hardest part is behind me! Let's keep fighting, it's important."

China, where the outbreak emerged in December, says it has curbed the illness at home but is now worried about a second wave of infections from overseas. Fellaini's positive test dealt a blow to the CSL's hopes of beginning the season any time soon, after its February 22 start date was indefinitely postponed. Fellaini, also formerly of Everton, joined Shandong from Manchester United in February last year for a reported 7.2 million euros.

He enjoyed a productive first season in China, scoring 12 goals in 34 matches and providing five assists.

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Arsenal players to kick off training next week amid coronavirus

Arsenal's squad will be allowed back to their training ground from next week, although the club stressed they would still have to maintain British government guidelines designed to combat the spread of the coronavirus. The Premier League side's players will have access to training pitches but on a strict rotational basis that will see them uphold social distancing measures. "Players will be permitted access to our London Colney training grounds next week," said a club spokesperson. "Access will be limited, carefully managed and social distancing will be maintained at all times.

"All Colney buildings remain closed. Players will travel alone, do their individual workout and return home." This week saw Arsenal become the first Premier League club to agree a coronavirus pay cut with their players as manager Mikel Arteta and his stars slashed their wages by 12.5 percent. There are reports Arsenal, whose yearly wage bill is around £230 million ($286 million), will give players their money back in the event that they bridge an eight-point gap and qualify for the Champions League when football restarts. Football is currently suspended indefinitely in England, with the UK under lockdown.

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Diego Maradona hails move to suspend relegation in Argentinian football

Football legend Diego Maradona, the manager of struggling Argentinian club Gimnasia y Esgrima La Plata, has praised the decision to suspend relegation from the country's top division until 2022.

The Argentinian Football Association (AFA) confirmed the move on Tuesday as it cancelled the rest of the top flight season amid the ongoing coronavirus pandemic.

The move spares Gimnasia from an almost certain drop to the second division, reports Xinhua news agency.

"It's not the end that we would have wanted, but it's a good decision," the 1986 World Cup winner told Argentinian newspaper Clarin.

"We were convinced that we were going to avoid relegation anyway. But this is reward for a group that has given everything for this club."

Gimnasia needed a strong showing in the Superliga Cup to have any chance or remaining in the top tier under Argentina's complex promotion-relegation system that considers results over a three-year cycle. The Cup competition was aborted last month after just one round.

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COVID-19: Brazilian footballer Gabriel Jesus provides 400 food baskets, raises Rs 3.7 crore

Manchester City's Brazilian footballer Gabriel Jesus is doing his best to help his country during the COVID-19 pandemic. Gabriel has donated three tonnes of food to the poor in Brazil's notorious favelas from where he emerged as a footballer. He recently arranged for 400 food baskets to be delivered to Sao Paulo's Jardim Peri neighbourhood where he grew up.

The player has also got together with famous Brazilian singer Beto for a song that has been uploaded on YouTube to raise funds.

Gabriel, 23, has reportedly helped raised £370,000 (approx Rs 3.7 crore) alongwith fellow footballers to help some 32,000 families with relief material. Back in Brazil, when he played for Palmeiras as a teenager, Gabriel, then 17, earned around £3,500 a year (approx R3 lakh) before he went on to bag a whopping £75,000-a-week (approx Rs 67 lakh) contract with Manchester City in 2016.

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Perrie Edwards enjoying quality time with footballer beau Alex Oxlade-Chamberlain amid lockdown

Brit singer Perrie Edwards, 26, is enjoying every moment alongside her footballer boyfriend Alex Oxlade-Chamberlain, 26, during this Coronavirus-caused lockdown in the
United Kingdom.

"I feel like I'm really enjoying this [lockdown], I can't lie. I'm having the time of my life. I've never spent so much time with my boyfriend. I've never spent so much time in my house," Perrie, who is part of the British all-girl group Little Mix, told Los Angeles radio station KII-FM.

"It's like I've never had just so much time on my hands to do stuff that I've always wanted to, so it has been nice," added Perrie, who began dating the Liverpool star in 2016.

The couple have been regularly uploading pictures and videos, dancing together on social media, while Perrie has even performed a few songs.

Meanwhile, Alex too has been enjoying all the attention and recently said that Perrie is the "perfect wifey."

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French football season over, Paris St Germain awarded title

Paris Saint-Germain were named as Ligue 1 champions on Thursday after France's football league declared the coronavirus-hit season over, leaving some other clubs disappointed and pondering legal action. PSG led the table by 12 points from Marseille when the season was suspended in mid-March because of the Covid-19 outbreak, which has killed over 24,000 people in France. The announcement by the LFP comes after Prime Minister Edouard Philippe said on Tuesday that "professional sports leagues, notably football, cannot restart" because of the pandemic.

"There is no ambiguity about this declaration. We needed to make a final decision about this season. We acknowledge that the 2019-20 season is over," said LFP president Nathalie Boy de la Tour, in a conference call with reporters. France becomes the biggest European league yet to end its season, just as its neighbours in England, Germany, Italy and Spain consider ways of resuming matches. Ruling out any possibility of copying the Netherlands, who voided their season without a champion, relegation or promotion, the LFP arranged a final table on the basis of average points per game.

Ten rounds of matches remained when the campaign was halted, although PSG and Strasbourg both had a game in hand. As a result, PSG are champions with an average of 2.52 points per game, with Andre Villas-Boas's Marseille second with an average of 2 points and qualifying for the Champions League.

Title dedicated to health workers

"We wish to dedicate this title to all health workers and other everyday heroes whose commitment and self-sacrifice throughout these long weeks deserve our admiration," said PSG president Nasser al-Khelaifi. It is PSG's ninth French title, the seventh in eight seasons for the Qatar-owned club being awarded in unique circumstances and with many of their foreign players -- including Neymar -- having returned to their home countries with France under strict lockdown. "We understand, respect and support the decisions taken by the French government to stop the season.

Health, as the government has always said, must be everyone's priority," added Al-Khelaifi, whose club still hope to be able to continue their Champions League campaign having reached the quarter-finals before action stopped. Rennes finish third and also qualify for the Champions League, while fourth-placed Lille will play in the Europa League.

Lyon to appeal?

Toulouse and Amiens, the bottom two, are condemned to relegation, with Lorient, as champions, and Lens coming up from Ligue 2. The usual promotion and relegation play-offs, meanwhile, have been ditched. However, Toulouse have kept open the possibility that they might now take legal action. The identity of the other European representatives depends on whether the finals of the two domestic cups are ever played. Large gatherings remain banned in France until September. However, if the French government and UEFA accept, both finals could be staged in early August with European places still up for grabs.

The LFP then hopes to begin next season by August 23 "at the latest". PSG were due to play Lyon in the League Cup final and Saint-Etienne in the French Cup final. If the games are played, Lyon and Saint-Etienne could qualify for the Europa League by winning. Otherwise, Nice and Reims would qualify by virtue of finishing in fifth and sixth in the league. Lyon -- seventh in the table when the season was stopped -- would otherwise miss out on European qualification for the first time in over two decades. Ironically, they were still involved in this season's Champions League when it was suspended, leading Juventus 1-0 after the first leg of their last-16 tie.

Lyon president Jean-Michel Aulas had previously stated his hope that the season could be played to a conclusion via play-offs in August and his club have now hinted at legal action. In a statement on Thursday, Lyon said they "reserve the possibility of trying to appeal against this decision and claiming damages and interest" and adding that "the losses for the club will come to several million euros". For all French clubs, the economic consequences of ending the season now could be dire. Resuming matches behind closed doors would have safeguarded TV income, but the loss for clubs in the top two divisions of remaining payments from broadcasters Canal Plus and beIN Sports is believed to be as high as 243 million euros ($266 million), plus 35 million euros for international rights.

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Serie A teams defy government as they return to training

Italy's 20 Serie A clubs have reiterated their unanimous desire to complete the season as the northern Emilia-Romagna region became the first to open the way to training despite government restrictions. An emergency Lega Serie A assembly via video of the top-flight clubs took place after Sports Minister Vincenzo Spadafora this week said the chances of restarting were "increasingly narrow". League president Paolo Dal Pino stated after the meeting "his openness to a dialogue with the government from a constructive and collaborative perspective, obtaining on this position the full agreement of all the clubs."

Spadafora has warned that the government will call time on the season which has been suspended since March 9 if the Italian Football Federation (FIGC) fails to convince them on its health and safety protocol. An FIGC meeting slated for May 8 could be decisive. Meanwhile, the Emilia-Romagna region on Friday gave permission for local clubs, including top-flight sides Bologna, Parma, SPAL and Sassuolo, to resume training in sports centres from May 4 if they wished to do so.

Emilia-Romagna regional president Stefano Bonaccini has agreed to allow "professional sportspeople to train individually, in compliance with social distancing rules and without any gatherings in closed-door structures." Southern giants Napoli are also planning to return to training as their safety proposals have received the backing of local authorities.

Friday's league meeting also addressed the issue of TV rights, but no resolutions were adopted concerning broadcasters Sky, DAZN and IMG, with a final payment estimated at 340 million euros ($370 million) for the current season, due to be paid in May. FIGC president Gabriele Gravina has said that calling time would be "the death of Italian football", predicting losses of over 800 million euros in TV rights, sponsors, ticketing and marketing.

If the government did decide to pull the plug on the season it would have the support of a country traumatised by over 28,000 coronavirus deaths. According to a recent survey, two out of three Italians would support a stoppage, in particular in the northern epicentre, stronghold of heavyweights Juventus, Inter Milan and AC Milan and Atalanta.

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Italy gives Serie A clubs hope with training ruling

Italy offered Serie A clubs a glimmer of hope on Sunday after it said footballers could take part in individual training sessions as the strictest coronavirus lockdown measures begin to ease. The interior ministry's go-ahead for players to attend their club's training facilities offered fans in the football mad country the first sign that the 2019-20 season might yet be saved. Matches were abandoned on March 9 in the face of a health crisis that has now officially claimed nearly 29,000 lives in Italy and 245,000 worldwide. Some of the bigger clubs with title aspirations from the less affected regions have been talking about going back to training for weeks.

But Prime Minister Giuseppe Conte only allowed teams to resume organised activities on May 18 -- a date that might push back this season's completion into the start of the next. Several regions that have avoided the worst of the pandemic have taken matters into their own hands and allowed clubs to open their facilities for players to train on their own. Teams such as Napoli and Parma have followed the lead of Lazio -- trailing leaders Juventus by just a point -- and gave the nod for players to return. They insisted that they were not breaking the rules because Conte has allowed all Italians to start exercising in open public places starting Monday. The interior ministry bowed to the seemingly inevitable on Sunday and agreed that teams can open their facilities to players for training. "Athletes, professional or otherwise, of non-individual sports are allowed -- just as every citizen -- to exercise in public or private areas," the interior ministry said. But players must "respect social distancing rules of at least two metres and the ban on public gatherings."

'All together'
Italian media read the statement as an encouraging sign for football. "Serie A clubs (and not only) can return to training," the La Repubblica daily wrote. Yet Sports Minister Vincenzo Spadafora has noted that the path for football to return was getting "increasingly narrow". And league president Paolo Dal Pino said Serie A "will comply" should Conte decide that it was simply too dangerous to complete the campaign. The teams themselves seem hopelessly divided about what they should do. Those that play in northern regions that were hardest hit by the virus have voiced the gravest concern. Brescia president Massimo Cellino -- whose team is based at the very heart of the outbreak -- said in March that he would rather forfeit games than play in a "plague". The 63-year-old revealed that he had tested positive for the virus a few weeks later. "It would be unfortunate if some teams can start again and others cannot," Fiorentina coach Beppe Iachini said on Saturday. "I think teams like Atalanta, Milan, Inter, Juve and Turino have had more problems than the others," he said of the main northern clubs. "If we do start, we have to do it all together."

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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Divock Origi: It will be painful if Liverpool don't win EPL title

Liverpool striker Divock Origi said it will be painful if they don't win the Premier League title despite being 25 points ahead at the top when the season was stopped abruptly in the wake of coronavirus pandemic.

The Belgian, however, agreed that safety of players and fans is the most important thing in these unprecedented times and there are things in life which just cannot be controlled.

"It would be painful if we can't get that title now. But there are things in life you cannot control. Safety is the most important thing now," Origi told Het Laatste Nieuws as per Daily Mail.

The Reds were on course for their first-ever Premier League title before the season was stopped on March 13. The last time Liverpool lifted the league trophy was 30 years ago, before the Premier League era.

Jurgen Klopp's troops lead the way with 82 points in 29 games while second-placed Manchester City remain 25 points behind with one game in hand.

Former Liverpool defender Fabio Aurelio had earlier said that the Reds should be declared champions if the current season cannot be finished.

"Even if the title is not officially recognised, everyone knows that the title belongs to Liverpool," the 40-year-old said in an interview to Globo Esporte news portal.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Movie Review: Judgemental Hai Kya

How will you define ‘normal’ human behaviour? And what is the criteria to be followed by a person that he/she can be considered as ‘normal’? We have seen in films like MY NAME IS KHAN [2010], TAARE ZAMEEN PAR [2007] etc. wherein the protagonists’ behaviour were such that they stood out and were even ostracized. But still they were special and earned respect in society after a long struggle. Now, writer Kanika Dhillon and director Prakash Kovelamudi bring us JUDGEMENTALL HAI KYA that tackles these issues but unlike the aforementioned films, this flick goes into an unconventional zone with even a murder occurring in the narrative. So does JUDGEMENTALL HAI KYA manage to entertain and thrill the audiences? Or does it fail to make the impact? Let’s analyse. <img class="aligncenter wp-image-1002336 size-full" title="Movie Review: Judgemental Hai Kya" src="https://www.bollywoodhungama.com/wp-content/uploads/2019/07/Movie-Review-Judgemental-Hai-Kya.jpg" alt="Movie Review: Judgemental Hai Kya" width="720" height="450" /> JUDGEMENTALL HAI KYA is the story of a woman with mental issues trying to solve a supposed crime. Bobby Batliwala Grewal (Kangana Ranaut) is an orphan who has lost her parents at a young age. She is partly responsible for their demise. Bobby grows up as a disturbed individual and her grandfather (Lalit Behl) takes care of her. She stays separately from him and works as a dubbing artiste for South films. She is on medication for her mental condition but she doesn’t consume her pills. She is in a relationship of sorts with Varun (Hussain Dalal) who is desperate to get physical with her. But she doesn’t give him the opportunity. At this point, Bobby gets a new tenant – Keshav (Rajkummar Rao) and his wife Meena (Amyra Dastur). Both are deeply in love with each other. Bobby spies on them and she starts to imagine herself with Keshav. However, she also gets intrigued since Keshav seems mysterious. In front of Meena, he pretends to be a non-smoker and a vegetarian. But Bobby catches him smoking heavily and also relishing chicken. She starts to trouble them and then it reaches a point where Keshav and Meena decide to move to another place. Before that can happen, a gas explosion occurs in their kitchen and Meena dies. The cops (Satish Kaushik, Brijendra Kala) begin their investigation. Bobby makes it categorically clear to them that Keshav has murdered Meena but doesn’t have concrete proof. The police officers interrogate Kehsav as well but realize it was a case of accidental death. Hence, they decide to close the case. An enraged Bobby assaults Keshav and she’s sent to mental asylum for a brief period of time. Two years later, Bobby seems to be in control. She’s started regular medication and her grandfather sends her to her cousin Megha’s (Amrita Puri) place in London to help in a stage production on Ramayana. All is going fine when Bobby gets a jolt when she spots Keshav. What happens next forms the rest of the film. Kanika Dhillon’s story is unconventional and quite promising and entertaining. Kanika Dhillon’s screenplay is interesting but in some parts, she falters. This is particularly in the second half where the film goes into another zone and doesn’t seem convincing. She however raises some interesting points on the idea of ‘normal’ and even draws parallel with Ramayana. Only if all these things had come together well, the impact would have been manifold. Kanika Dhillon’s dialogues suit the film, especially the ones mouthed by Kangana. Prakash Kovelamudi’s direction is appropriate and he uses his technical knowledge well. The film is very stylishly narrated which goes with its theme and also the title. In a few scenes, he shows his brilliance but goes over the top in the second half’s pre-climax especially. Also, a few scenes might seem difficult to digest, particularly the scene where Bobby confronts Keshav. He was treading line with this film and sadly, he trips at places and this affects the impact. <span style="text-decoration: underline;"><strong>Judgemental Hai Kya | PUBLIC REVIEW | First Day First Show | Rajkummar Rao | Kangana Ranaut</strong></span> <iframe id="jwiframe" class="playerFrame" src="https://www.bollywoodhungama.com/video/judgemental-hai-kya-public-review-first-day-first-show-rajkummar-rao-kangana-ranaut/?jwembed=1" width="800" height="340" frameborder="0" allowfullscreen="allowfullscreen"></iframe> JUDGEMENTALL HAI KYA’s intro scene shows the disturbed childhood of Bobby in a brief and concise manner. Once Bobby grows up, it takes a while however to get in the film’s flow. This is because the character is unconventional and unlike anything that we have seen in Hindi films. Hence her mannerisms, actions, way of living life etc. are not exactly ‘normal’. Things get interesting once Keshav and Meena arrive to reside at her place as tenants. Keshav also seems mysterious and the scene where he is fixing the fuse at midnight is quite nicely done. The Lonavala sequence also is funny. But it’s when Meena passes away that things begin to heat up. The intermission point is a shocker. Post-interval, the interest level is maintained with some unexpected developments. But this is also the point where bizarre things start happening in the film. One can argue even the first half had its share of bizarre stuff but in the second half, the makers go completely overboard. The film is still unpredictable but the theme and execution will restrict its audience to only multiplexes of urban areas. Performance wise, Kangana Ranaut nails the part. This was probably her most challenging part yet and she delivers as per expectations. Any other actress in her place would have to put a lot of effort and it might have made her performance mechanical. But Kangana slips into the part with ease and takes it to another level. Rajkummar Rao also gets to shine. He’s too good as the mysterious Keshav. But he’s at his best in these two scenes wherein he begs Bobby to spare him and his wife. Amyra Dastur is cute and plays the supporting part well. Same goes for Amrita Puri. Satish Kaushik and Brijendra Kala are apt for their respective roles. Hussain Dalal is a talent to watch out. He’s very funny and adds a lot to the film. Jimmy Sheirgill (Shridhar) is endearing in the special appearance. Lalit Behl is decent. Kanika Dhillon (Sita), also the writer of the film, is stunning and gets to play a fine part in the film. Songs don’t really make an impact. The title song stands out but comes at a time when the film turns very bizarre. <em>‘Kis Raste Hai Jana’</em> is okay. <em>‘Wakhra Swag’</em> appears during the end credits. Daniel B George’s background score however is way better and is zany just like the film’s theme. Pankaj Kumar’s cinematography is conventional and yet works in a film like this. Sheetal Sharma’s costumes are quite quirky especially the ones worn by Kangana Ranaut and she looks great. In fact, costumes add a lot to her character. Ravi Shrivastav’s production design is praiseworthy, especially for the Ramayana play. After’s VFX is average and the cockroach shots could have been more realistic. Shweta Venkat’s editing (with additional editing by Prashanth Ramachandran and Shieeba Sehgal) is fine. The duration of the film is just 116 minutes and that’s a plus point. On the whole, JUDGEMENTALL HAI KYA is a well-made film with powerful performances from both Kangana Ranaut and Rajkummar Rao. At the box office, it will cater mainly to the multiplex frequenting audience.




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Movie Review: Jai Mummy Di

Filmmaker Luv Ranjan has launched quite a few actors, most notable among them being Kartik Aaryan. He casts them repeatedly and few of them have hit the bullseye at the box office as well. He turned producer with the 2018 super-hit flick, SONU KE TITU KI SWEETY, also directed by him. He had another hit film in 2019 in the form of DE DE PYAAR DE. In 2020, his banner Luv Films will be releasing as many as 3 films, and the first one to come out is JAI MUMMY DI. It is a long-delayed film but looks fresh and has the Delhi flavour in abundance, which gives it a chance to excel in North India. So does JAI MUMMY DI manage to be as entertaining as other Luv Ranjan films? Or does it fail to entice? Let’s analyse. <img class="aligncenter wp-image-1063970 size-full" title="Movie Review: Jai Mummy Di" src="https://www.bollywoodhungama.com/wp-content/uploads/2020/01/Movie-Review-Jai-Mummy-Di.jpg" alt="Movie Review: Jai Mummy Di" width="720" height="450" /> JAI MUMMY DI is the story of two lovers whose mothers are sworn enemies of each other. Delhi-based engineering students, Puneet Khanna (Sunny Singh) and Saanjh Bhalla (Sonnalli Seygall), are in love with each other. Saanjh proposes to Puneet but the latter declines. He too wants to settle down with Saanjh but is afraid of his mother. That’s because Puneet’s mother Laali (Supriya Pathak) and Saanjh’s mother Pinky (Poonam Dhillon) hate each other a lot. Interestingly, they were the best of friends at one point and moreover, they reside next to each other. But they can’t stand each other’s sight. And Puneet is too scared to break the news that he’s in love with the daughter of her ‘enemy’. In anger, Saanjh breaks up with Puneet. She starts looking for suitable groom for marriage and even approves of Dev (Bhuvan Arora). Their marriage is fixed for October 16 at Diamond Hall in Noida. When Puneet’s mother Laali finds out that Pinky has managed to lock her daughter’s wedding, she feels jealous. Not wanting to be left behind, she quickly selects a girl for Puneet, Sakshi. What’s more, Puneet and Sakshi’s marriage is also set on October 16 and that too in Diamond. Meanwhile, Puneet and Saanjh realize that they won’t be able to stay happy with anyone else but each other. Hence, they patch up and think of ways to bring their respective mothers together. When nothing works, they decide to elope and get married. What happens next forms the rest of the film. Navjot Gulati's story rests on waferthin plot. But it’s a great idea and could have made for a fine entertainer. But Navjot Gulati's screenplay plays spoilsport in a major way. The film is laced with poorly written sequences and not-so-funny moments. Also, the flow of scenes is not smooth. Navjot Gulati's dialogues also add to the negative impact. Barring a few one-liners, the rest of it doesn't have the desired impact. Navjot Gulati's direction is terrible. With the script, he already made a mess, but he could have covered it up with his direction. Sadly, even his execution is very bad. The film never goes on a high or goes into the funny zone, which it ideally should have. And it’s really fortunate since the concept had the promise to go all out. And the climax sadly is very <em>thanda</em> as one expects some major confrontation and eventual patch up. The worst is reserved for the very final scene and it totally takes the film down. JAI MUMMY DI begins on a very awkward note, to explain the enmity between the two women. The scene may have looked interesting on paper but translates poorly on screen. The song <em>'Mummy Nu Pasand'</em> ups the interest but it goes downhill in no time. A few scenes are bewildering. For instance, why Pinky also follows suit and shifts to Ghaziabad, that too next to Laali’s residence. The humour quotient in the film is very less and half of whatever is there doesn’t work. Ideally, any other worthy director or writer would have shown the lovers going to insane lengths to bring their mothers together and how it causes madness in the process. Here, the lovebirds hardly do anything of that sort. The intermission point tries to be dramatic but doesn’t work. Post-interval, the film keeps getting repetitive and it tests the patience of the viewers. This is despite the 105 minutes of runtime. One can’t just wait for the mothers to find out the truth and patch up. Finally, it happens in the end but ideally, it should have taken the film to a high. But nothing of that sort happens. The most disappointing bit of the film however is the reason why Laali and Pinky started fighting in the first place. <span style="text-decoration: underline;"><strong>PAISA VASOOL: Sunny Singh Nijjar v/s Sonnalli Seygall – Bollywood ‘ROM-COM’ Quiz | Jai Mummy Di</strong></span> <iframe id="jwiframe" class="playerFrame" src="https://www.bollywoodhungama.com/videos/celeb-interviews/paisa-vasool-sunny-singh-v-s-sonnalli-seygall-bollywood-rom-com-quiz-jai-mummy-di/?jwembed=1" width="800" height="340" frameborder="0" allowfullscreen="allowfullscreen"></iframe> Talking of performances, Sunny Singh suits the part. His acting is nothing great but he manages to pull through the role nicely. Sonnalli Seygall gets to show her acting chops. In PYAAR KA PUNCHNAMA 2 [2015], she got overshadowed by other actors. But here, the focus is majorly on her, especially in the first half, and she does fine. Supriya Pathak and Poonam Dhillon are strictly okay. Shockingly, the film ideally should have revolved around them but they don’t get the screen space that they deserve. Rajendra Sethi (Trilochan Khanna) and Danish Husain (Gurpal Bhalla) are nothing great. Veer Rajwant Singh (Vineet) is however good as Puneet’s brother. Alok Nath (Sanjog Luthra) is wasted. It’s bewildering why he was even there in the film. Bhuvan Arora is the funniest part of the film. The actor playing Sakhi is passable. Neeraj Sood (Jasbir Bhullar) is good as always. Nushrat Bharucha, Ishita Raj and Varun Sharma do well but their cameos come at a time when the viewers are tired of the film already. Songs are forgettable, except <em>'Mummy Nu Pasand'</em>, which is catchy. <em>'Manney Ignore Kar Rahi'</em> comes immediately after this track and doesn’t work<em>. 'Dariyaganj'</em>, <em>'Ishq Da Band'</em> and the title track also don’t manage to register. <em>'Lamborghini'</em> is played in the end credits. Hitesh Sonik’s background score is entertaining but it doesn’t complement the scenes. Sanket Shah's cinematography and Tarpan Shrivastava's production design are appropriate. Jia Bhagia, Arun J Chauhan and Mallika Chauhan's costumes are appealing, especially the ones worn by the lead actors in the various marriage scenes of the film. Dev Rao Jadhav and Chetan M Solanki’s editing is haphazard at places and is not organic. On the whole, JAI MUMMY DI is a poor fare owing to the weak script, lazy direction and lack of humour. At the box office, it won’t have a long run and just has this one week window to score.




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Will Mutual Fund Houses Act Against Companies Approaching Courts To Prevent Rating Downgrade Amidst COVID-19?

Posted by Equitymaster
      

Unnerving movements for debt mutual funds investors!

Just last week my colleague, Divya explained the fiasco at Franklin Templeton Mutual Fund, which took a decision to abruptly wind down six debt mutual fund schemes, namely:

In all, the above debt mutual fund schemes had an AUM of Rs 30,854 crore as of March 31, 2020.

The fund house cited, "severe market dislocation and illiquidity in the fixed income space" caused by the COVID-19 pandemic, as the reason behind the decision.

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Investors in these schemes are now left in the lurch: they cannot sell (nor buy) these funds and will have to rely on the fund house to get back their hard-earned money. Investors will have to hold their investments in these schemes until liquidity is available to the mutual fund house by either selling securities in the fund's portfolio or receiving maturity proceeds.

Currently, a fact is, not just Franklin Templeton Mutual Fund, but debt mutual fund schemes of many other fund houses are have a remarkable exposure to stressed assets.

According to portfolios disclosed on March 31, 2020, mutual funds collectively held Rs 1.38 trillion of exposure to debt securities issued by Non-Banking Financial Companies (NBFCs). Approximately Rs 51,000 crore of the exposure in debt securities has a maturity profile of less than 3 months; and now, mutual funds fear that there will be defaults.

NBFCs and other corporate borrowers claim that they do not have enough liquidity to fulfil their obligations and have requested for additional time. Given that, rating downgrades from rating agencies look likely.

However, some companies are playing smart: they are approaching the Courts to prevent a rating downgrade, plus seeking a stay on sale of pledged shares. Of course, they are well within their right to approach the judicial authority or Courts and contest.

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But the capital market regulator, seems to be in no mood in offering them any leeway. On the contrary, the regulator is asking the mutual fund industry to act against the issuer of securities who are possibly carrying high credit risk; facing asset quality problems.

Delays in repayments would mean the creation of more side-pockets by mutual funds. And in my view, more the losses investors suffer, more frustrating it will be for mutual fund houses and their investors. Eventually retail and High Net-worth Individuals, particularly, will lose confidence and may not be keen to invest in debt funds.

If you are wondering what has gone wrong, here's everything you may like to know about liquidity, credit risk and the exposure of mutual funds to corporate debt in the present scenario.

If you remember, the capital market regulator had mandated large corporations to source at least 25% of their borrowings from the bond markets from the beginning of FY 2019. This move was expected to deepen Indian bond markets and reduces the stress on banks. Just a year later, the same move is proving fatal for companies that went to the bond markets to raise money.

Now that the COVID-19 lockdown has forced many business units to shut off temporarily or operate much below their optimal operational capacity with a skeletal staff, companies, including the large organisations that relied heavily on debt markets, are finding it difficult to honour maturity claims on Commercial Papers (CPs), Non-Convertible Debentures (NCDs), and Bonds.

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They were hoping for an 'at-par treatment' with Banks when the Reserve Bank of India (RBI) offered a moratorium period to borrowers. But the RBI circular came to them as a shocker. The devil was in the details.

On March 27, 2020, the RBI issued a notification allowing a three-month moratorium on all outstanding term loans and working capital facilities on account of disruptions caused by the outbreak of coronavirus. This circular did not cover around 10 thousand NBFCs, who mainly depend on CPs, NCDs, and Bonds for their funding requirements.

As far as NBFCs are concerned, the RBI has already provided them with a liquidity facility through the banking channel. The RBI directed banks to utilise funds infused under Targeted Long Term Repo Operations (TLTRO) facility to invest in 'investment-grade' CPs, NCDs, and Bonds issued by NBFCs. Also, RBI mandated banks to allocate 50% of Rs 50,000 crore of liquidity introduced by way of TLTRO 2.0 to small and mid-size NBFCs and small finance banks.

But NBFCs seemed not too happy with just liquidity and many of them are now approaching courts to prevent rating downgrades. This is not a best practice for the industry, although fund houses may be well within their rights to contest.

Recently, Indiabulls Housing Finance was successful in receiving the interim order from Delhi High Court, throttling any coercive action against the housing finance company for its inability to repay its bondholders. The Delhi High Court will hear the case further on May 19, 2020.

This has added to the worries of mutual fund houses that now fear other NBFCs will follow the same path.

The capital market regulator, only recently (a few days ago) following the three moratorium by RBI (due to disruptions caused by COVID-19 pandemic) has relaxed the valuation norms for debt and money market instrument held by mutual funds vide a circular dated April 23, 2020, wherein it states as under:

  • Based on assessment, if the valuation agencies appointed by AMFI are of the view that the delay in payment of interest/principal or extension of the maturity of a security by the issuer has arisen solely due to COVID-19 pandemic lockdown and/or in light of the moratorium permitted by Reserve Bank of India (RBI) (vide notification no. RBI/2019-20/186, dated March 27, 2020) creating temporary operational challenges in servicing debt, then valuation agencies may not consider the same as a default for the purpose of valuation of money market or debt securities held by Mutual Funds.

    However, in the scenario, as stated above, if there is any difference in the valuation of securities provided by two valuation agencies, the conservative valuation shall be accepted.

But then what is the point of coming up with these valuation norms as an afterthought, and not in close synchronisation when the RBI came with its notification a month ago?

The damage now is already done and companies are anyways approaching the Courts to prevent a rating downgrade.

Let's say shares of a company are pledged and to recover the proceeds -- if they cannot be sold due to a court order -- then such lending would be as good as unsecured lending.

Also, why should that not be construed as an instance of deviation from the stated fundamental attributes of a debt mutual fund scheme? After all, mutual fund investors invest in debt fund schemes taking into account a certain level of risk. Change in the risk profile of a scheme is a change in the fundamental attribute/s.

According to India Ratings, NBFCs having the asset base of Rs 500 crore to 5,000 crore, largely fall between "A" and "BBB" rating categories.

The mid-path could be a decision on payment or deferring the payment in consultation with all stakeholders, including debenture trustees. The industry will require a blanket resolution because a case-to-case resolution approach is cumbersome and may create more chaos.

Unless the RBI takes a clear stance on NBFCs and other financial institutions, mutual fund houses are likely to feel the heat of redemptions. Suppose, there's no further statement issued by the banking sector regulator; mutual funds will have to be prepared to handle large-scale defaults, which might look inevitable. After all, a majority of NBFCs' customers are retail borrowers and they enjoy a moratorium on the EMI payment for 3-months. This has been the trickiest part for NBFCs.

While COVID-19 outbreak has been the genuine reason for the potential defaults this time, asset-liability mismatches of NBFCs are well-known. Many NBFCs have gone overboard with cheap credit available during stable market conditions. Their credit underwriting has been questioned widely. The industry has also witnessed belly-up instances such as IL&FS and DHFL. Many mutual fund houses have burned their fingers badly in such defaults.

At the time of writing this piece, to ease the liquidity pressure on mutual funds, the RBI today decided to provide a special liquidity facility of Rs 50,000 crore for mutual funds. Under this facility, the RBI will conduct repo operations of 90 days tenor at the fixed repo rate. This will be on-tap and open-ended, and banks can submit their bids to avail funding on any day from Monday to Friday (excluding holidays). The scheme is available from today i.e., April 27, 2020, till May 11, 2020, or up to utilization of the allocated amount, whichever is earlier. The Reserve Bank will review the timeline and amount, depending upon market conditions.

The RBI has stated further that the liquidity support availed under the Special Liquidity Facility for Mutual Funds shall be used by banks exclusively for meeting the liquidity requirements of mutual funds by, 1) extending loans; and (2) undertaking outright purchase of and/or repos against the collateral of investment-grade corporate bonds, CPs, debentures and certificates of Deposit (CDs) held by mutual funds.

Having taken this measure, keep in mind that it does not make investing in debt mutual funds risk-free. Considering the prevailing investment environment, you should stay away from mutual fund schemes whose portfolio characteristic appears compromised. Also, avoid credit risk funds and corporate bond funds as they are likely to be more vulnerable amidst the financial crisis followed by COVID-19 pandemic.

As a thumb rule: Choose mutual fund schemes from fund houses that follow prudent judicious investment processes and stringent risk-management systems.

In these uncertain times, it would be wise sticking to liquid funds and overnight funds while considering debt funds.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity.

As with all financial matters, better be safe than sorry!

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Each fund recommended under FundSelect goes through our stringent process, where they are tested on both quantitative as well as qualitative parameters.

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.



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The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




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RBI Steps in to Take Some Pain Off Mutual Funds. Will It Help?

Posted by Equitymaster
      

Last week the mutual fund industry was jolted by the news of Franklin Templeton MF winding down six of its debt schemes. The fund houses cited high redemption pressure and lack of liquidity due to COVID-19 as the reason behind the move.

There has been a rush of redemption in the debt market due to high volatility and uncertainty caused by the outbreak of pandemic. The stress is more evident in high-risk category of securities where liquidity has dried up. Notably, the schemes that were wound up belonged to the high credit risk category.

The recent FTMF fiasco led RBI to take note of the situation and step up to build confidence in the capital market.

On April 27, 2020, RBI announced the opening of a special liquidity facility (SLF-MF) worth Rs 50,000 crore to ease liquidity pressure on mutual funds.

Under SLF-MF, RBI will conduct repo operation of 90 days tenor at the fixed repo rate. Banks can avail funds under this facility between April 27, 2020 and May 11, 2020 or up to utilization of the allocated amount, whichever is earlier. RBI will review the timeline and amount, depending upon market conditions.

Banks have to utilise the funds availed under this exclusively for meeting the liquidity requirements of MFs by:

  • Extending loans, and
  • Undertaking outright purchase of and/or repos against the collateral of investment grade corporate bonds, commercial papers (CPs), debentures and certificates of Deposit (CDs) held by MFs.

The liquidity support under this would be eligible to be classified as held to maturity (HTM) even if it goes beyond the 25% limit of total investment in the HTM portfolio.

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Will banks come to the aid?

For banks, availing funds at a lower rate (repo rate) and using it to purchase investment grade, which generally carry higher interest, and holding them till maturity seems like a good opportunity, but they may not be as enthusiastic to come to the aid of MFs.

You may recall that few days ago, RBI came out with a similar liquidity window worth Rs 50,000 for NBFCs. Of these, 50% of funds had to be dedicated towards investment in investment grade bonds, commercial paper, and non-convertible debentures small and mid-sized NBFCs and MFIs.

NBFCs who have been dealing with liquidity crunch for quite some time now is one of the worst affected sectors with rising risk of bad loans amid the COVID-19 outbreak.

As a result, the first tranche of the operation worth Rs 25,000 crore conducted few days ago received bids for just Rs 12,850 crore.

Similarly, the stress in debt mutual fund segment is not new - some categories of debt funds have been facing redemption pressure ever since the IL&FS debacle came to light. Banks may be reluctant to lend to mutual funds with higher exposure to lower quality papers, which have been lacking in liquidity.

If banks do lend to MFs it may be limited to those with good quality papers. This will not serve the intended purpose of the facility.

Many mutual funds investing in credit-risk grade securities may have offloaded good quality papers to meet the high redemption and may be now left with only lower quality papers. Risk aversion in banks has magnified due to rising fear of bad loan pile up. Hence, banks may not be keen to accept lower quality papers as collateral.

Besides, some mutual funds may already have high borrowing rate availed to fund redemptions and further borrowing may not be a viable option for them.

Thus, if redemption pressure continues, liquidity strain will continue in schemes carrying higher exposure to lower rated securities. Hence, RBI may have to come out with alternative steps to deal with issue that would infuse liquidity directly to mutual funds rather than relying on banks.

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Word of caution for investors in debt funds

RBI and AMFI have assured investors that stress in capital market is confined to the high-risk debt MF segment at this stage; the larger industry remains liquid.

In the current market volatile and uncertain environment, it would be advisable to stay away from credit risk schemes. However, do not resort to panic selling. Doing that will have an exponentially negative effect on funds, primarily those having exposure to moderate and low rated assets.

Redemption pressure may force the fund managers to sell good quality papers in the portfolio in the secondary market and pile up exposure to low rated assets because it will be difficult to liquidate at fair value.

Keep in mind that debt funds are not risk-free. Investment in debt funds carry various risks relating to liquidity, credit quality, and interest rate. Therefore, before investing in debt funds understand the various risks involved and invest in schemes where the portfolio risk aligns with your own risk appetite and financial objective.

Moreover, choose a fund house that follows prudent investment process and stringent risk-management systems.

In these uncertain times, it would be wise to stick with liquid funds and overnight funds for the debt part of your portfolio as they are highly liquid and carry lower risk.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy, which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity.

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

Additionally, as a bonus, you get access to PersonalFN's popular debt mutual fund service, DebtSelect.

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Author: Divya Grover

This article first appeared on PersonalFN here.

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PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




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Sania Mirza and husband Shoaib Malik celebrate 10th wedding anniversary

India tennis ace Sania Mirza celebrated her 10th wedding anniversary along with husband and veteran Pakistan all-rounder Shoaib Malik on April 12, 2020. It was an auspicious day as it was also Easter

Sania Mirza took to social media site Instagram to share a few pictures with her husband Shoaib Malik from their big day back in 2010. She also wished him a "Happy Anniversary".

Sania Mirza also showed her fans a glimpse of her humorous side as she made a tongue-in-cheek statement in her post comparing the two contrasting photos by saying "Expectations vs reality". Sania Mirza wrote: Happy Anniversary @realshoaibmalik. A decade of being married looks like this!! Expectation vs reality. Swipe right for reality." Take a look at the post below. 

Sania Mirza and Shoaib Malik tied the knot in April 2010 in Hyderabad in a grand manner. Sania Mirza gave birth to a baby boy named Izhaan in October 2018. After giving birth to her child in October 2018, Sania Mirza returned to the court in January 2020.

She clinched the women's doubles title at Hobart International, pairing up with Nadiia Kichenok, in her comeback competition.

Sania recently shared a photo of her son with a tennis racquet in hand, looking confused. "I am pretty sure he's thinking what the fuss is all about? #IzhaanMirzaMalik," Sania said in her Twitter post.

Sania last played at the Qatar Open in February. She has helped raise Rs 1.25 crore in one week which will help close to 1 lakh people in need during the 21-day lockdown to fight the coronavirus pandemic.

Inputs from IANS

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COVID-19: Sania Mirza waiting to get back to tennis court!

With the world coming to a standstill due to the coronavirus outbreak, sporting events across the globe have either been cancelled or suspended and Indias star tennis player Sania Mirza cannot wait to go back to the tennis court.

Taking to Twitter, she wrote: "Waiting to play tennis again like." Earlier, Sania had made her displeasure known as there has been a rise in the number of 'cooking' posts that celebrities are putting out on social media as they stay indoors to fight the coronavirus outbreak. Sania feels posting such pictures in these times is unwanted.

Taking to Twitter, she wrote: "Aren't we done with posting cooking videos and food pictures yet ? Just spare a thought - there are hundreds of thousands of ppl, specially in our side of the world starving to death and struggling to find food once a day if they are lucky."

After giving birth to her child in October 2018, Sania returned to the court in January this year. She clinched the women's doubles title at Hobart International, pairing up with Nadiia Kichenok, in her comeback competition.

Sania recently shared a photo of her son with a tennis racquet in hand, looking confused. "I am pretty sure he's thinking what the fuss is all about? #IzhaanMirzaMalik". Sania said in her Twitter post.

Sania last played at the Qatar Open in February. She has helped raise Rs 1.25 crore in one week which will help close to 1 lakh people in need during the 21-day lockdown to fight the coronavirus pandemic.

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Novak Djokovic: I am against vaccination

Novak Djokovic has said he would be against a compulsory Coronavirus vaccination if it became a requirement for tennis players to travel to tournaments. "Personally, I'm against vaccination. I wouldn't like that someone forces me to get a vaccine in order to be able to travel," the World No. 1 said late on Sunday.

The Serbian star was speaking from Spain, where he is in lockdown with his family, in a video conference held on his Facebook for Orthodox Easter. "We [players] will have to travel. I think it will be the number one challenge," he said.

"If it [vaccination] will become compulsory what will happen? I will have to take a decision," on whether to get a vaccine or not, he said. "This is my opinion at the moment. Whether it will change I don't know."

No vaccine currently
There is currently no vaccine for the virus that has claimed some 1,65,000 lives around the globe, though labs around the world are racing to develop a treatment. Like the rest of the sporting world, tennis has been on pause since early March, with the ATP and WTA Tours suspended until mid-July at the earliest and Wimbledon cancelled for the first time since World War II.

'No play before Sept, Oct'
Djokovic estimated tournaments would not restart "before September or October". "The season will officially restart when everyone will be 100 per cent certain that people can return, that there is no risk, that people are resistant to the virus and this takes time." Tournaments with travel limited to one country or a region could be possible, he said.

17
No. of Grand Slam singles titles won by Novak Djokovic

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COVID-19: Tennis star Sloane Stephen's hiking to raise funds for kids

American tennis player Sloane Stephens has started a fundraiser for students and teachers in Haiti in association with her fiance Jozy Altidore's JA Foundation. "Can you imagine climbing 200 flights of stairs every day simply to access clean water, and education, and healthcare? The children and families in Marre-a-Coiffe, Haiti do just that. I'm taking the Hike for Haiti Challenge to raise awareness and funds to help provide students and teachers in Haiti vital support.


Jozy Altidore

From April 17 to May 17, we'll be hiking 200 flights of stairs in solidarity," Sloanne, 27, says on her fundraising page. Meanwhile, Jozy remarks: "In these times of adversity and social distancing, it's so important to find ways to virtually stay connected to others in our community, and to stay healthy and active at home. The JA Foundation will be matching funds donated to my team page up to $2,500, so your contribution will have double the impact."

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Ukrainian tennis star Elina Svitolina turns a food blogger!

Ukrainian tennis star Elina Svitolina is making the most of the Coronavirus-forced lockdown by teaming up with her friends to start her food blog.

The World No. 5 recently shared a picture with her 5,96,000 Instagram followers to announce her new venture. "I am excited to share a new blog that I have started, together with my culinary friends, giving you easy healthy recipes and some new ideas for the use of 'superfoods'. Link in bio. More stuff to come. Stay tuned," she wrote.

She recently shared recipes of coconut, strawberry, blueberry and spinach smoothies.

The link to Elina's food blog is: https://theesclub.com

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Tennis hottie Eugenie Bouchard stuns in leopard print bikini, but has bad hair day

Canadian tennis beauty Eugenie Bouchard shared this picture taken at a beach destination with her 2.1 million Instagram followers and captioned it: "Bored."

Later, she wrote: "If I had known someone was taking a pic I would NOT have done my hair like Thomas Jefferson," to which an online user replied: "@geniebouchard Thomas has cute hair! So what."

 
 
 
View this post on Instagram

bored

A post shared by Genie Bouchard (@geniebouchard) onMay 2, 2020 at 1:21pm PDT

Meanwhile, another one asked: "@geniebouchard why? it's perfect. and no way TJ ever looked that good in a bikini."

And the third one said: "@geniebouchard but kinda younger cuter version of Thomas Jefferson."

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ATP, WTA raise USD 6 million for Player Relief Programme

A fund for tennis players hardest hit by the coronavirus pandemic has been created, the sport's governing bodies announce, adding that they had contributed more than $6 million (5.3 million euros). In a joint statement, the ATP and WTA tours, the International Tennis Federation and the four Grand Slam tournaments -- the Australian Open, Roland-Garros, Wimbledon and the US Open -- said the Player Relief Programme will support those "who are facing unprecedented challenges due to the global impact of COVID-19".

With the tennis season suspended until at least July 13, some "800 ATP/WTA singles and doubles players" are in need of financial support, the statement continued, with eligibility for the fund determined by a player's ranking and previous prize money earnings. The fund can also be donated to via initiatives including auctions, player donations and virtual tennis games, added the governing bodies, who last month announced talks about creating the programme.

The virus has caused havoc to the calendar, with Wimbledon cancelled for the first time since World War II and the French Open postponed until the end of September. The United States Tennis Association will decide in mid-June whether or not the US Open will take place in New York. However despite the financial difficulties facing hundreds of players, the idea of a relief fund was dismissed by world number three Dominic Thiem, who said last month he would not give lower-ranked players his money.
"Quite honestly I have to say that no tennis player will be fighting to survive, even those who are much lower-ranked," Thiem said, speaking of a separate fund idea revealed by Novak Djokovic.

"None of them are going to starve ... I would rather give money to people or organisations that really need it."

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Spanish club sorry for letting Novak Djokovic train amid lockdown

The tennis club where Novak Djokovic broke confinement rules in Spain has said it mistakenly allowed the top-ranked Serb to practice and apologized for the error. Djokovic published a video of him training on Monday in apparent violation of Spain's current rules amid the coronavirus pandemic. The video posted on Instagram showed Djokovic exchanging shots with another man at the club in the coastal city of Marbella, where the Serb has been staying for the past several weeks.

Djokovic filmed the video while hitting shots and wrote he was "so happy to play on clay .. well, just for a bit with my phone in the hands. Spain has eased some of the lockdown measures that had been in place since mid-March, allowing professional athletes to return to practice, but most training centers and sports facilities must remain closed until next week. We are sorry that our interpretation of the regulation could have been erroneous, and this could have inconvenienced Mr. Djokovic or any other citizen acting in good faith," the Puente Romano Marbella Tennis Club said in a statement.

The statement, which was relayed by Djokovic's management team, said the club received a request from the player to practice and gave him the go-ahead with the "understanding that from May 4 all professional sports players were authorized to train." The club said it therefore believed he was "permitted to train in our facilities." It said it later received a "clarification" from the Spanish tennis federation and "both parties have agreed that training should resume" only next week.

Rafael Nadal said he also went to train on a court this week, but he did it on private property because the rules weren't fully clear to him. Soccer players were among the exceptions who could start training inside sports facilities beginning this week.

Spain has been one of the countries most affected by the pandemic but it started loosening some of its restrictions on movement as the number of confirmed cases of COVID-19 started to go down recently. The nation went into a lockdown on March 14.

Djokovic recently said he was against taking a vaccine for the coronavirus if it became mandatory to travel once the pandemic subsides, though he later said he was open to changing his mind.

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Sania Mirza explains Mitchell Starc 'joru ka ghulam' tweet: Much deeper issue

Tennis ace Sania Mirza spoke about the tweet she put up in March when Australian fast bowler Mitchell Starc missed an ODI match to watch his wife and women's cricket star Alyssa Healy play the T20 World Cup final at the Melbourne Cricket Ground.

Sania, who is married to former Pakistan captain Shoaib Malik, tweeted: "Sure thing !! God forbid it would be a guy from the subcontinent, the guy would be called a ‘joru ka ghulaam' in one second ?? good on you Mitchell ???? couple goals for sure!!"

Sania on Thursday explained that she was speaking about the abuse that she or Indian actor Anushka Sharma face whenever their husbands miss out on the field. Anushka is married to Indian captain Virat Kohli.

"It (Tweet on Starc) was funny because me and Anushka probably relate to this the most," said Sania in a video interaction with Indian cricketers Jemimah Rodrigues and Smriti Mandhana on their Youtube chat show "Double Trouble."

"I think whenever our husbands perform, it's because of them and when they don't it's because of us. I don't know how that works," she said.

Sania said that the phenomenon points to a deeper cultural issue. "We are saying it as a joke but I think there is a much deeper issue. The deeper issue is that a woman can always be a distraction and not a strength.

"That's a cultural issue we have to deal with. Oh ‘if your girlfriend is there or your wife is there, he must be distracted because he is going out for dinner'. That doesn't even make any sense.

"When he (Starc) went back to his wife to watch the World Cup final and everybody was hailing him, I was trying to just picture Shoaib doing that for me and I was like, hell would have broken loose if that would have happened.

"They would have said that he is such a joru ka ghulam, he is going and watching a women's cricket match. I just felt it. Sometimes humour also brings out the truth in many things.

"Anushka and I had a long conversation about it. We both were like, my goodness this is so true."

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Live like a Kardashian in Dubai

It's like a scene out of Princess Diaries. I enter my suite at Burj Al Arab and let out an exclamation. The large, plush living room in hues of blue and gold looks out on the pristine Persian Gulf. "This is my room?," I manage to squeak. "Yes," my personal butler says. "If you follow me, the bedroom is above." Above? The winding stairs lead up to more luxury, in the form of a walk-in dressing area, a bathroom that has my own private jacuzzi, and a bedroom that's a shame to be enjoying alone.

After the butler leaves, asking me to call him for anything my heart may desire, I decide to soak my weary, it's-December-and-I-need-a-break bones into a hot jacuzzi, as I listen to music and play with the foam. Ok, I know I have moved from Princess Diaries to Julia Roberts in Pretty Woman, but bear with me. And so, I prance into the bedroom, 20 minutes later, suitably loosened up, I plonk myself on the bed in my soft, white bathrobe. And that's when I see it — a ceiling mirror. And that's when I forget about being a princess or a pretty woman — I morph into a Kardashian as I take my first selfie of the trip. Don't blame me, it's a ceiling mirror after all.


Pics/ department of tourism and commerce marketing

As I post the picture on my Instagram with appropriate Kardashian references, I look around and admit sheepishly — it's easy to get used to luxury. It's rumoured that Dubai got its name from an Arabic proverb "Daba Dubai" which means "They came with a lot of money". Well, you have to come with a lot of money so you can really enjoy all that the city has to offer. Dubai has never shied from flaunting what its sheikh rulers have given it — gravity-defying skyscrapers (Burj Khalifa at 829.8 metres), high-fashion malls, ultra luxurious hotels and a glittering nightlife, among many other attractions. Though you may have looked at it all from far and shook your head in disdain at the unnecessary opulence of it all, once you are here, it seems just natural to enjoy it.

Thanks to the fact that I am staying at the Burj Al Arab, the only certified seven-star in the world, my short two-day trip to Dubai has started on a lavish note. After my bathing and preening routine, I am informed that I will be watching a production of La Perle (The Pearl) created by Franco Dragone (the Italian-Belgium director who was once creator at Cirque du Soleil) as the first resident show of Dubai. After a drive that acquaints me with the buildings I have only seen in pictures (the Burj Al Khalifa, the Dubai Frame among others), I find myself seated in front-row seats at the theatre, I really don't know what to expect. But the next 90 minutes are a mind-boggling treat. Performed at a theatre that uses state-of-the-art technology, and houses an aqua-stage and a 12-metre deep pool filled with 2.7 million litres of water, 65 world-class performers, dancers, circus acrobats from 23 countries, perform breath-taking and extraordinary stunts, ranging from acrobatics and contortion to flying and diving. At the end of it, believe it or not, I am tired of gasping. But the show is once again about how Dubai doesn't do anything half-heartedly. If you are going to get a resident show, make it big. The next morning, after having barely slept (the large, quiet room sadly doesn't come with a hot sheikh to keep you company, wink wink), I head down to have breakfast as I look out on the gulf. Arabic delicacies share space with European and American food at the expansive buffet, and it all looks delicious. If I wasn't a fan of mezze (made up of babaghanoush, hummus, muhammara and much more), I am a convert now. My relaxed meal sets me up for a day full of, let's see, yes, more relaxing.

As I sink into the massage table, I am once again forced to see myself as another pop culture icon. I transform myself into Carrie Bradshaw in a glittering, starry outfit, and high heels (bought at a mall visit in the morning), for my dinner at the Burj's Scape restaurant that serves Californian cuisine. I don't know if the delicious pizza I ate was Californian, but it was worth it. It's just fitting to end the day with another picture, this time in full Carrie style, with my hand on my hip and my glitter in all it's Instagram-filter glory. As I stand by a gold ceiling prepping my smile, our hotel guide observes, "that ceiling is made up of real gold", and I just smile, "I didn't expect anything lesser."

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Mumbai: Quick getaways to try over Republic Day weekend

Luxury Sail away
Few things in life (in our books at least) are as fancy as sitting on a sailing boat, heading out into the sea, and watching the sun go down. It reminds us of James Bond movies, where the hero, dressed in his trademark tuxedo, is serenading some woman or the other. So, if you too want to feel as glamorous, take a trip from off the Gateway of India into the Arabian Sea. Sail past lighthouses from a bygone era and catch some of the city’s most iconic landmarks. And if you’re lucky, you might also spot some dolphins frolicking around in the water.
On: January 27 and 28
Starting point:Gateway of India, Colaba
Call: 9930086252
Cost: Rs 1,899

Adventure
Flag off the weekend
This one’s a true-blue Republic Day event, complete with a flag-hoisting ceremony. It will take some effort to pull off, though, since the flag will be hoisted on the top of Mount Kalsubai, which is the highest peak in Maharashtra, towering over the other hills in the range at a height of 5,400 feet. Small steps built into the incline do make the climb easier than it would have been otherwise. But nevertheless, it’s one thing sitting on a sailing boat and heading out into the sea, and another to make your way to the top of a bona fide mountain, steps or no steps.
From: January 25 to 26
Starting point: Pritam Hotel, Dadar West
Log on to: eventshigh.com
Cost: Rs 1,000

Wild escape
Sea it to believe it
The sea off the Konkan coastline houses a number of different types of fish, such as barracudas and groupers. Learn what it’s like to occupy their habitat with a scuba-diving course for beginners, meant even for those who don’t know how to swim. A professional diver will accompany you as you travel down to the depths of the Arabian Sea, where you can experience coral reefs and sealife from close quarters. The event also includes treks to the nearby Sindhudurg and Vijaydurg forts, apart from vegetarian food from the region.
On: January 25 to 28
Starting point: Pritam Hotel, Dadar West
Log on to: insider.in
Cost: Rs 4,500

Heritage
Go back in time
The Fort area is one of the city’s oldest neighbourhoods. The fort itself was built in as far back as 1715 by the British, to ward off invading Marathas. But then its walls were brought down around 1862, which suddenly changed everything. A small English settlement grew into a mercantile hub. Indo-Saracenic, Gothic and neoclassical structures came up to give the area its unique architectural blend of styles. Gradually, it became the bustling precinct that it looks like in the modern era. Take an open-air bus ride around Fort to find out more about the precinct’s heritage, and learn how British India’s “first city” evolved over the years.
On: January 26, 7 am to 9 am
Starting point: Chhatrapati Shivaji Maharaj Vastu Sangrahalaya, MG Road, Fort
Call: 9930086252
Cost: Rs 1,499

Leisure
Spend a night with the stars
We’ve all watched movies in a closed theatre. But here’s a chance to watch one under the stars, at a camping site just off Gorai beach. The selected film is Wes Anderson’s The Darjeeling Limited, one of the most poignant portrayals of life in India through a foreigner’s eyes. If, however, music floats your boat more than movies, there will also be an indie gig that precedes the screenings, featuring upcoming artiste Bryan Rodrigues. Plus, since it’s a camping event, expect bonfires, long walks and, of course, a barbecue (for what is a great camping experience without one?).
On: January 25 to 26
At: Chowk Dongri, Bhayandar West, near Pali Beach Resort, Uttan
Log on to: insider.in
Cost: Rs 2,200

Fun Ride a new wave
Surfing has always looked like something we’d like to try our hand at (or should that be feet?). The idea of riding a wave before it crashes on the beach does seem like fun. But while we haven’t taken the initiative yet, you can seize the opportunity to get a beginner’s lesson in the sport. The organisers are inviting people of all ages to try out surfing for the first time. The three-day event also includes camping, bonfires, movie nights and games. So all in all, this weekend getaway has something for everyone.
On: January 26, 9 am to January 28, 3 pm
At: Manipal, Karnataka (nearest airport: Mangalore)
Call: 9833157583
Cost: Rs 10,500 (including sessions, food and stay for two nights)

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Railways enlists bloggers to publicise luxury trains

The Tourism Ministry and the IRCTC have enlisted 60 bloggers from 23 countries, including India, as part of a new publicity blitz to write on luxury trains run by the railways and improve their dwindling occupancy rate. The first-of-its-kind venture will allow the bloggers to take a week-long journey on Palace on Wheels, Maharaja Express, Deccan Odyssey and Golden Chariot in groups of 15 on each of the trains, a tourism ministry statement said today. The first 15 bloggers started their journey today on the Palace on Wheels from Safdarjung Railway Station in New Delhi.

The decision to promote travel on the trains comes after a recent parliamentary panel report pointed out that the occupancy rate during past four years - starting in 2012-13 - had been 29.86 per cent, 32.33 per cent, 41.8 per cent, 41.58 per cent and 36.03 per cent respectively. It had also said that most of the seats on these trains were occupied by passengers who had complimentary tickets. The bloggers, who have been chosen on the basis of their number of followers, will travel to destinations in various states across India on the trains and write about them. "The campaign will generate widespread publicity for the luxury trains as well as the destinations visited, by way of blogs, videos and photos published by the bloggers or Instagramers on their experiences of their journey.

Needless to say this initiative would benefit the railways and the luxury train operators to a large extent", the statement said. The second group will leave Delhi on Maharaja Express on February 10, and the third group is scheduled to leave on Deccan Odyssey on the same day from the Chaatrapati Shivaji Maharaj Terminus in Mumbai. The final group will leave on Golden Chariot on February 19 from Bengaluru on a week-long journey.

The Railway Board, the state sovernments of Rajasthan, Maharashtra and Karnataka and the IRCTC - the tourism arm of the railways - have joined hands to host the bloggers, according to the statement.





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Must Read: Mini Mathur and daughter Sairah's life-changing trip to Europe

"I feel second-borns don't get enough time with their parents, and are always jostling for space, so I had always planned a trip with Sairah," says former VJ and host Mini Mathur, of her show Mini Me, which has her traipsing around six European countries with her seven-year-old daughter. "In everyday life, kids get to know only a routinised version of you. But, when you travel, they see the real you. Now, she sees me as someone who can do anything - I am cool!"

Mathur and her daughter vowed to stay away from a touristy itinerary, and planned on getting the local flavour right - "so we travelled by train, air, cruise, cycle, and stayed everywhere from a vineyard and a luxury hotel to a youth hostel." Here, she recalls four experiences that she recommends every parent should try with their child. "The main thing to note is that one doesn't need to only go to kid-friendly places to have fun. Try new things and put your children in charge." For example, in Athens, Mathur gave her daughter the map and told her to navigate their way through. "We got lost, but then finding our way was also such an adventure. I now don't look at her as a child, but a best friend."

Eat, Eat, Eat
A lot of this trip centered around food. In Dubrovnik, Croatia, Sairah ate mussels for the first time. Initially, she exclaimed, "I don't eat creatures!" She is a very dal-chawal, vanilla ice cream girl, so I wanted her to try everything. In Rome, I told her to taste all flavours, and then if she still liked vanilla, it would not be because she didn't have options. In Venice, we sat at a farmer's market one day and just sampled cheese and meats all day. And in Barcelona, we ate paella!

Cycle through a city
Lucca, in Tuscany, is a walled city, surrounded by double walls on all sides. We got one of those adult-and-child bikes and rode all around the city. I had never got a chance in India to teach her to cycle, and so Lucca became that place. The weather was great and the whole experience was an exhilarating one.

Living on a Vineyard
In Rome, instead of doing the same old things like going to Trevi Fountain, we decided to live on a vineyard in Tarquinia, a tiny old city in Italy. We stayed with a family whose business is to make wines. And then his wife would cook all these different types of pastas for us. Sairah got to taste her first wine as well, as the winemaker said it's a tradition in Italy that the youngest child has to taste the first wine of the harvest. Well, when in Rome, do as the Romans do. Whenever Sairah remembers this, she wouldn't have a memory from a textbook, but will recall this from experience.

Pizza chase in Naples
We made a list of the top pizzerias in Naples (the birthplace of the Pizza Margherita) and went to taste each pizza, all in one day. The places were spread out, so we travelled by train. I discovered that my daughter is a Pizza Margherita connoisseur. At one place, I said that I thought the pizza tastes off, and she said yes, the sauce is undercooked! It was a learning experience.

>> There are direct flights from Mumbai and Delhi to every major city in Europe
>> Mini Me airs on TLC every Friday at 9 pm

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Here's why Taiwan is an emerging destination for intrepid Indian travellers


Taiwan

Those caught up in the hustle bustle of a city life -- and craving for someplace pristine, calm and relaxed -- will fall in love with Taiwan. But along with its tranquillity and peace, there is also the effervescence of a place celebrating its culture and language with aplomb.

This small island nation in the South China Sea is truly the heart of Asia - and it is fast catching the attention of Indian travellers, offering as it does a perfect combo of fabulous food, superb night life, bustling markets, hot springs, culture, history, architecture and stunning natural beauty - from gentle mountains to lovely coastal landscapes.

It was around the Taiwan Lantern Festival 2018 that we landed at Taichung International Airport here to be greeted by our tour guide, the friendly and ever-smiling Charles Tung. And he wanted all of us - a group of travelling journalists - smiling as well. "Say cheese," he said as he got us to pose for a group photo before we embarked on our journey of exploration. And there is much to explore.

"Taiwan has a truly unique natural beauty. There are beautiful places like Sun Moon lake, Yangmingshan National Park, Black Dwarf Cave... to name just a few. These places provide an escape from the chaos of urban living," Noel Saxena, Country Head, Taiwan Tourism Bureau India Office, told IANS. Saxena said Taiwan is also very rich when it comes to art.

"Be it dance, music or even folk art, the Taiwanese have earned critical acclaim with an exceptional display of talent. Taiwanese hand puppetry and Taiwanese opera are two foremost examples of art forms that are authentically Taiwanese, in that they use the Taiwanese language, not Mandarin," he informed.

The Taiwanese love for music and art was evident at Ten Drum Ciatou Creative Park, located in Kaohsiung. Once a sugar processing plant, it is now the hub of a percussion group -- the Ten Drum Percussion Group that has won accolades globally, including a Grammy in the Best World Album category.

While taking a walk around the former factory, we had to take a path made up of the branches of trees... Quite literally, we were walking on trees without fear of falling down -- a unique experience.

Other stops included the Formosan Aboriginal Culture Village, a comprehensive recreational area featuring Taiwanese indigenous people's cultural relics as well as amusement park facilities; and the Sun Moon Lake, situated near Yuchi township, was truly mesmerising. One of the most beautiful alpine lakes in Taiwan, it is shaped like a crescent moon; hence the name.

The Buddha Memorial Centre at Fo Guang Shan is a landmark in the country. Touching 108 metres in height, the Buddha is made up of 1,872 metric tonnes of copper and iron and is currently the world's tallest bronze seated Buddha.

"Taiwan is blessed with natural beauty, scenic areas, great food, astonishing history and culture -- and Taipei 101. This makes it a great destination. It is a destination for all age groups," said Saxena.

The country is home to only about 20 million people and is a technology powerhouse. This was quite evident even at the traditional Lantern Festival - held earlier this month -- where all the work displayed was high-tech.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever





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Travel: Go cashew apple picking at a farmhouse near Mumbai


Representation pic

Living high up in an apartment can cut off even the most ardent nature lovers from the soil. Perhaps this is why owning a piece of land is a dream many Mumbaikars - and especially those who have had a taste of what it's like - harbour. Dr Rashmi Pathak, who left her hometown Kolhapur to study medicine in Mumbai, was no different. She longed for the scent of sugarcane that filled the air during the harvest season, and a semblance of all that she had grown up with. To set things right, she and her husband bought a farm near Shahapur in 2001.

The doctor couple armed themselves with the knowledge of traditional manure and bio-fertilisers, and to ensure continuous production throughout the year, chose to have mango, cashew, chickoo and Indian gooseberry plantations on the farm, which they called Aditya Agro. The onset of summer means their 70-acre farm is now laden with red and yellow cashew apples, ready to be plucked and savoured. This Sunday, you can go cashew apple picking, sip on mocktails made from the fruit, and witness farm-life up close in Shilottar, no more than a two-hour drive away from Mumbai.

"We have organised day picnics in the past, but this is the first year that we are hosting guests for cashew-picking," informs Captain (retd) Adityavardhan Pathak, who joined his parents in the running of the farm after he retired from the Armed Forces in 2011. "Unfortunately, we lost 70 to 80 per cent of our trees to a massive fire in 2012. So, I lived on the farm for two years to put things back in motion. The experience was life-altering. When you live so close to nature, it reveals its many shades to you, which change from season to season, and even from day to night," says the Powai resident.

The trail will start at 10 am with a simple breakfast, followed by a briefing session. "Nature has its own way of telling you if its produce is ready to be consumed. If you have to tug at a cashew fruit, it means it's not fully ripe. A ready-to-be plucked cashew apple will give with just a slight twist," shares Pathak. Participants will then be divided into teams for a fun cashew apple-picking competition, where the fruit they pluck will be theirs to take. The Pathaks also provide recipes for cashew apple jams and juices that participants can try at home.

After the trail, a wholesome vegetarian Maharashtrian meal featuring dishes such as bharleli vangi (stuffed brinjals), vaalachi usal (field beans curry), tandlyachi bhakri (rice flour bhakri) and modak will be served. The day ends with a visit to the farm's in-house nursery, where saplings and vermicomposting kits can be purchased.

Nutty facts
>> Cashew is native to northeast Brazil, and was introduced to coastal India in the 16th century by Portuguese traders. Its initial purpose was that of a soil retainer to prevent erosion on the coasts.
>> The Jamaicans call the fruit cashew banana.
>> The Indian-sounding word kaju comes from the Portuguese caju or cajueiro
>> The cashew fruit is a rich source of Vitamin C and antioxidants.

On: April 15, 10 am to 4 pm
At: Aditya Agro, Shilottar, Shahapur
Call: 9223164501
Cost: Rs 990 for adults (Rs 780 for children from 4 to 12 years; cost includes meals)

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Mumbai band Aankh Micholi tells you why Kashmir should be on your travel list


Some of the band members saw snow for the first time in Gulmarg

It's rare for a young band, new on the scene, to get the traction that the Mumbai-based Aankh Micholi has got in the last year. Formed in 2015 at the True School of Music, the alternative folk fusion has been performing all over the city and country in 2018, gathering praise for their soulful music, which they describe as "a marriage between powerful lyrics and compelling storytelling". Recently, the five members - Osho Jain, 23, Bharat Chandore, 20, Pankaj Pathe, 26, Akshay Dabhadkar, 21, and Hansel Dias, 23 - performed at Winterfell Café in Srinagar, which is known for musical performances.


The band also used a sled as a percussion instrument

"We had heard about the café and we just took a chance and called them, and said, 'would you like to host us?', and they couldn't have been happier. They also told us that we were the first non-Kashmiri band to have played in the Valley. The band, Parvaz, had performed before us, but all its members are Kashmiri," Jain tells us. We asked the band why they think the Valley should be our next travel destination and this is what they had to say.


And sang a few songs, which they shared on Facebook

'The people are amazing'
We literally haven't met better people ever before. Firstly, at the café, which takes its inspiration from the Game of Thrones, a crowd of over 50 turned up, which is great for that area. This café has a lot of things happening all the time - open mics, storytelling, all performance-based art. The music that we were playing was very different from the kind of music they are exposed to, which is basically Kashmiri folk music. This was very new to them, but they just loved it, and responded with such gusto. People are just nice everywhere you go, and help is at hand whenever you need it.


A select few airlines offer direct flights from Mumbai to Srinagar, or you can fly to Delhi and take a connecting flight

As soon as we landed, we just dumped our bags at our hotel, and headed to the Dal Lake. We then sat in the shikaras, and started playing our guitars and singing our original songs. We were entertaining people, and they were loving it. After a while, people joined us in the singing. It was one of our most overwhelming moments.

The snow is magical
On the second day we were there, we headed to Gulmarg. It wasn't supposed to snow that day, and hasn't snowed for the last 20 days. But, as soon as we got there, it started snowing, and even the locals were surprised. Some of us had never seen snow before. We were on the slopes and we were sledding. We also used the sled as a percussion instrument, and sang a few songs as we did a Facebook live from the slopes.

Binge on Kashmiri Noon chai
Since most of were vegetarian, food was a bit of an issue. But, we all fell in love with the kahwa. That sweet, sweet tea, really hit the spot in the cold. We also sampled the Kashmiri noon chai, also called sheer chai, gulabi chai, which is a traditional tea made with salt, milk and baking soda. It's very different to taste, and it would be right to say that it's an acquired taste. But we loved it.

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All aboard! Taking a toy train ride from Neral to Matheran


View from the train before entering One-Kiss Tunnel

The tiny hill station of Matheran is a far cry from the peace and serenity that its British founder Hugh Poyntz Malet yearned for. In the 1850s, Indian Civil Service Officer Malet was the Thane collector and while camping below in the village of Chowk, he climbed up the hill-top to explore the region finding it lush green with clean air and water springs, an ideal spot for a vacation. In love with the place, he frequented it with friends and family. Soon, the then Governor of Bombay, Lord Elphinstone, visited the place to make it as a site for his bungalow (still known as Elphinstone Lodge). The rest is history.

Today, over 160 years later, Matheran has lost much of its peace to commercialisation, but it retains some of its charm and character. It remains an eco-sensitive zone with no motorised vehicles, allowing only for horse rides, carts and cycle rickshaws. Though paver blocks have surfaced much of the red soil is intact, and it remains a quick getaway from fast-paced Mumbai.


Peerbhoy original loco

Track record
The journey is fun if you are in a group as it takes just about two hours for the entire ride. Reach Neral on the Mumbai-Pune line and the Matheran narrow gauge train station is adjacent to it. The station and the line are well maintained and are in the tentative UNESCO World Heritage List. Tickets are available on the spot with no prior or on-line bookings due to its limited capacity. The Central Railway runs about 102 services every week (see box). With a width of two feet, it is one of India’s narrowest running passenger railways, and is similar to the Darjeeling Hill Railway.


Matheran Railway station

After booking our tickets, we settle down in our seats. We note that ticket checkers are quite strict. As the mini train pulls out, the initial stretch runs parallel to the Karjat railway line and we spot the local trains pass by, but a sharp right and a steep climb runs the train between two hillocks and the spirals begin. The railway line that was built as a private venture of the Peerbhoy family between 1901 and 1907 still maintains most of its original layout, except for a few stretches. The line winds around the mountain in spirals taking us 2,625 feet above sea level!


Token Machine

High on geography
The train chugs along slowly, at only 13 kmph. The first station is after a distance of 4.8km called Jummapatti. Here, the road that had vanished meets the rail again and we spot motor vehicles speeding by. The line operates on the old token signalling system and the train comes for a brief halt here. Steam trains ran on the stretch till the early 1980s; these were replaced with diesel locomotives in 1984. As the train proceeds, there are three stretches, where we spot our train as it zigzags the curves to avoid reversing points.

The next station is Water Pipe Road, called so due to its proximity to the twin metal water pipes that make their way to the station. It’s another place where tokens are exchanged. During the journey, the rail intersects the road at several places. A little ahead, we enter the One-Kiss Tunnel, popularly named so because it gives a couple time for just a kiss! The entire line has over 121 bridges (mostly minor), 221 curves and only one tunnel. As the train reaches the next station Aman Lodge, we spot tourists walking along the train and more crowds.


Picnickers at Echo Point/PICS/RAJENDRA B. AKLEKAR

This is the closest station to Dasturi Point till where motor vehicles are allowed. The railways have a number of special trains to cater to this crowd as beyond this point besides the train, only horse carriages, cycle rickshaws and carts are allowed. After we cross Aman Lodge, we reach Matheran in 20 minutes, and as we alight, the locomotive goes ahead in a spiral loop to make way for the return journey.

WHAT TO SEE
Located in the Sahyadris at 2,625 feet above sea level, Matheran has 38 points, including a lake. Panorama Point provides a 360-degree view of the surroundings and Neral, Charlotte Lake and Celia Point offer nice views of the dam. Echo Point, is a must-visit too.

While in Matheran
The marketplace on the main street is ideal for knick-knacks, curios and food items like chikki and fudge.
Phone network works well in the market, but weaken elsewhere.
Villagers are co-operative but remember that Matheran has inadequate medical facilities.


Ali Akbar Adamjee Peerbhoy

Remembering a legacy
“The story of the Matheran railway is intriguing. By the turn of the century, the hill resort became popular during summer vacation. Once, after arriving from Mumbai to Neral, Sir Adamji was unable to reach Matheran as no horses were available throughout the day due to the heavy rush. He returned with the thought that of improving things and came up with an idea of a small railway to connect uphill. It was the fastest available mode of transport and he was ready to fund it. This historic decision changed the destiny of the hill station. The next time he visited Matheran was only after his own railway was built,” recalls Ali Akbar Adamjee Peerbhoy (inset), second great-grandson of Sir Adamjee Peerbhoy. His forefather built the line as a family enterprise over a century ago.

Toy train schedule
Monday: 17 services Tuesday to Thursday: 14 services Fridays: 21 services Weekends: 22 services
COST 1st class (adult): R300, 2nd 2nd class (adult):Rs 75. NOTE: Bookings are done only at Neral station

Travel by road
If you prefer to drive down by the road, set your phone map to Dasturi Naka, the entry point into Matheran. It’s until here that motorised vehicles are allowed. It has ample parking space. From Dasturi Point, you can either walk up to Matheran — it’s a 20-minute trail — or opt for cycle rickshaws, horse rides or the train. The Aman Lodge station is next to the Dasturi Point car park. The services between Aman Lodge and Matheran is frequent and is a 10-minute-long-journey.

Rs 55k
The cash you will have to shell out if you wish to book an entire train with its steam engine!

Also read: Matheran toy train finally begins to run on the entire 21-km stretch to Neral from January 26

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Mother's Day: Five summer getaways near Mumbai for super moms

Gokarna

Goa

For seaside bliss
Goa, Gokarna
Give your mom a break and visit Goa or Gokarna with her, both of which are a hop, skip and jump away from Mumbai. Lie by the beach and allow yourself to be surrounded by the unimaginable pulchritude of Kudle (beach in Gokarna) or Agonda (beach in South Goa) for a calm escape. Sign up for yoga sessions or a meditation programmes to give your mornings a healthy,
peaceful start.
NOTE: Paradise and Half Moon beaches in Gokarna are not advisable for people with arthritis, heart abnormalities, etc, since you have to hike here
CALL 18001028747
LOG ON TO makemytrip.com (for suitable packages)

Warli Art

For an organic getaway
Vangaon
Avail of this special Mother's Day travel package to Vangaon, a few hours from Mumbai, to discover Warli art and culture with. Get in on the history, knowledge and cultural influence behind the world-famous art form and learn directly from renowned artist Sanjay Pahad, whose works are exhibited in galleries around the world. Plus, she gets to spend time on an organic plantation.
NOTE: The exact location will be shared during booking
CALL 9920286319 (Swadesee)
LOG ON TO insider.in

Sula Vineyards

For the indulgence
Nashik's vineyards
How about an indulgent, laid-back weekend filled with a re-telling of childhood tales or soaking in the quiet around acres of vines? Walk in a vineyard and indulge in wine tasting. Even if you're a teetotaller, the expansive vista of the town makes it the ideal escape from the hustle and bustle of Mumbai.
NOTE: Most packaged vineyard tours come with set itineraries that include pick-up, drop, breakfast and more. If you're planning it on a weekday, keep in mind that you have to book in advance
CALL 8040851222 (holidayiq)
LOG ON TO blackgrapeholidays.com; holidayiq.com (for wine tours)

Shirdi Temple

For a spiritual high
Shirdi, Trimbakeshwar,
Ramtek, Paithan
Most of us have been taught our first prayers by our mothers, and what better way to give her a thoughtful surprise than to sign her up for one of the many tours to famous religious sites across Maharashtra. From Hindu mythological connect to stunning temple architecture and spiritual bliss, this idea is sure to strike a chord with her.
NOTE: Paithan is also famous for Paithani silk saris with elaborate zari borders, making them the perfect gift for your spiritually inclined mum
CALL 804873599 (hello travel)
LOG ON TO cultureholidays.com

Bhandardara

For R&R in the hills
Malhar Machi, Bhandardara
Be it a fever or a fit, mums are always waiting around the corner with piping daal khichdi or hot chocolate, like the genie who knows exactly what you need. How about returning the favour? Gift-wrap your mum a relaxing wellness trip packed with spa treatments and massages amid the lush green expanses of the Sahyadris or surrounded by the cascading falls of Bhandardara.
NOTE: Carry trekking shoes, torch and well-stocked medical kit for 
CALL 8888000055 (Malhar Machi)
LOG ON TO travelmango.in

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Goa and Jaipur emerge as most popular summer holiday destinations

Despite the scorching heat, Goa remains the most popular Indian holiday destination, followed by Jaipur, according to a study conducted by a leading travel portal.

Thanks to budget-friendly stay options and heavy discounts on flights, Indians also prefer short-haul international destinations such as Dubai and Singapore, according to a study by ixigo, based on bookings on its website.

The difference in domestic airfares for peak and off-season is about 45 per cent and for international airfares is about 18 per cent, said a statement.

As for stay options, while Indians prefer to keep a low hotel stay budget, they wouldn't mind paying extra for a great view at a beach or hill station.

Around 47 per cent tourists prefer to stay at 4/5 star hotels during summer holiday in Goa vs 62 per cent who prefer more pocket friendly accommodation options in Jaipur.

ixigo CEO and Co-founder Aloke Bajpai said: "It was interesting to find that travellers no longer worry about seasonality while picking a summer holiday destination. Places such as Goa and Dubai have become round the year tourist hubs! Off-season travel can be quite beneficial.

"Not only do you avoid all the rush, but you also save considerably on hotels and flights. If we compare flight fares from last year, average domestic fares for the summer season have dropped by around 9 per cent and average international fares have dropped by around 19 per cent. This, plus additional discounts offered by travel portals such as ixigo, enable travellers to plan trips, even on smaller budgets."

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever





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Escape from Mumbai and find inspiration in this beautiful rural setting


A Writers Retreat session in progress

While most of us aren't as lucky as Ruskin Bond to call the hills of Uttarakhand home, a brief escape to nature can help get the creative juices flowing. If you love writing and feel you could do with some inspiration as well as insights into honing your prose, the upcoming edition of Writers Retreat might be your ideal getaway.


The sprawling open-air venue

Designed by the live storytelling event series, Tall Tales, and Grassroutes, an organisation that seeks to connect the urban dweller with the rural community, the two-day retreat will take place in Dehna. The village, located at a two-hour drive from Mumbai, is nestled in the Sahyadris. And thanks the many streams and rivulets that spring up during monsoon, it is also called the land of a thousand waterfalls.


Michael Burns

The retreat features seven workshops rolled into one along with some free time to explore and soak in the rural life. "The first day is all about the universal story structure - how to start stories, what to do in the middle, and how to end them. Irrespective of the language or genre, there is a basic structure that many writers with great ideas find difficult to adhere to," says Michael Burns, director of Tall Tales. The day will end with a film screening, where participants will watch a structured story unfold on screen.

The next day will get into the nuances of good writing, like designing unforgettable characters. "Some writing exercises will encourage participants to explore their relationship with nature; something that's difficult to achieve amidst the distractions of a busy city like Mumbai," signs off Burns.

On: October 1, 9 am onwards
Meeting point: To be decided three days prior to the trip
Log on to: instamojo.com
Email: akshay@talltales.in (seats limited)
Cost: '8,000 ('7,000 for students)





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Two Mumbai musicians talk about their craft while enjoying Asian feast

Arijit Datta hobbles into The Fatty Bao with a twisted ankle. Sidd Coutto bustles in 10 minutes later. The former's a music composer who's moved away from bands like Agni and Airport towards film and advertising, while the latter is probably the busiest musician in the city's indie circles. They first dive into starters — Crystal Dumpling, Spicy Mushroom Sushi Roll, Dancing Prawns and California Rolls — and then into conversation about their craft.

Sen: How do you switch seamlessly from making indie music to more commercial projects?
Datta: It's not a switch really. I think that for me and for Sidd also, wherever there is a mode of expression, we just go there and do our thing.
Coutto: Yeah, true. For commercial concerts, you just go up there and rock 'n' roll, dude. It's just a two-hour gig, where you're hanging with your buddies on stage and partying away.
Datta: It would be different when it comes to writing songs, which we both do, because if you have to mould yourself according to the audience, that's what you might call a switch.


Sidd Coutto (left) and Arijit Datta share a laugh at The Fatty Bao in Bandra. Pics/Pradeep Dhivar

Sen (to Datta): So when you were composing for the movie Filmistaan, did you have to keep the audience in mind?
Coutto (answering for both): See, performing is one thing and composing is another. When you're writing for films, you have to be clear that it's the director's baby. You are facilitating his vision. Yes, it's your baby at one level, but you're not both the mummy and the daddy.
Datta: The good part about Filmistaan was that the director let me interpret the film my own way. So I never had to break away from my own self, because the music came naturally to me. Plus, the movie had no market pressure as such, so I didn't really have a brief.
Coutto: ...Which by the way isn't the norm, so [singing to the tune of a Daft Punk Song] you got lucky.
Datta: Yeah, and for me, I think very cinematically. Even with my band's songs, if I just change the arrangements a bit, they can be in a film.
Coutto: Also, when most people come to you for work now, they come for what you make. It's not like the old days when it was like, 'Aisa banaa aur waisa banaa.' So you don't have to switch so much, since they want you for you.
Datta: I think there are newer minds. There are newer storytellers with a different language altogether, who go in search of newer sounds, voices and composers.

Sen: So it's not the era of Jatin-Lalit and Anand-Milind anymore?
Datta: No. But they also had their own sound. At that time, Jatin-Lalit were the kings, ya. Of course, they didn't move with the times.
Coutto: Or, the times moved away from them. But they did try. Infact, [Anand-Milind's] Qayamat Se Qayamat Tak is my favourite Hindi film album of all time.

Datta: Yeah, it's my favourite too. It was a complete album. Even the least-remembered song [sings a bar from Kaahe Sataye], even that I remember! So yeah, they did their time; they brought in their sound and gave us memorable tunes. But then our tastes started changing. MTV, Channel V and VH1 came in, and the world suddenly became bigger.

The mains, Asparagus Bacon Fried Rice and Exotic Mushroom Ramen, arrive. This is followed by moments of silence interspersed with appreciative sounds such as 'mmmm'.
Sen: What are some of your favourite places to eat at in Mumbai?
Coutto: Over the past couple of years, I've discovered that Social actually has awesome food. They have a vast variety of things, with small dishes included. Did you know that they have something on the menu called Staff Khaana? It's exactly what their staff eats and it's great, dude. But I don't end up ordering it as much because there are so many more things I like. But they have removed bheja from the menu, and I love bheja.
Datta: I can never have bheja, man.
Sen: So if you go to Bangkok you're never going to try cockroaches and locusts?
Datta: Never. I can't go in that direction. I know that people are adventurous with their food and everything. But I can't do that.
Coutto: For me, when it comes to food, I let my nose guide the way. Otherwise, I have no restrictions.
Datta: I love going to this place called National. It's a dhaba that a Sardar owns and it's been running since 1952, near Bandra Talao. It serves pure food, you know, the sort with less oil — makki roti with butter on top, rajma, bhindi — and you can even have their water and nothing will happen to you.
Coutto [Putting his fork down and rubbing his tummy]: Yeah, I'll go there with you sometime. But right now, I think I'll go home and play some slow blues songs.


Quick takes




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Four Indian women share mantras to race against the odds at workplace

The recently-released Emma Stone film, Battle of the Sexes, takes a relook at the debate on gender equality. Four Indian women, all in a minority in their professions, share mantras to come up trumps at the workplace

Go beyond misogyny
Priyanka Kochhar, Model and professional racer
Motorcycling remains a male-centric field. I model for a living so that makes it even stranger for men to see me on a bike. Luckily, I am my own boss but for every motorcycle I ride or event I participate in, I'm usually the lone woman. It used to be intimidating at first because I knew I wasn't as well-read about the technicalities of motorcycles.

But now, after two years of BikeWithGirl [her Instagram account], many male riders have begun to see me as they see their colleagues. I'm happy to note that motorcycle brands treat me the same way they treat male bikers. Maybe my hunger to do this is what they see and not my gender. The way I've tackled misogyny is by going beyond it. It used to rile me up at one point.

But work still has to get done, so I figured there was no point mulling over it. It has been hard, there's no denying it. And yes, there are still some critics but I've received a lot of support as well.

Be proactive at work
Archana Savleram Hadawale, Code-maker and software engineer
I am the only woman in a team of 11 men. I love to accept challenges, and coding offers a new challenge every day, which is why I picked the profession. You press an enter key, and the world changes. I come from a simple family where no one is a post graduate.

It wasn't easy to pick software engineering. My parents weren't supportive at first; they wanted me to get a nine-to-five job and pay attention to household work too. They also didn't want me to stress too much due to a health condition. There is a solution for everything. I meditate to deal with the stress that comes with the job.

If someone says you can't do it, tell him or her, 'Maybe I can't, but I will sit with you to get it done.' Don't wait to get work, ask for it. Whenever I work late, I see to it that there is someone whom I can trust around. Having a good senior helps. Since I don't come from the same social background as my colleagues, my manager provides me guidance to tackle hurdles. In the end, your work will do the talking.

Women must support women
Devita Saraf, Technology entrepreneur
Technology is challenging, engaging and futuristic; it's why I chose this field. I have two challenges, one that I am a woman, and two, I am a leader; people don't take this combination seriously. Whenever I am meet somebody or am at a meeting with a retailer, I show that I am in charge.

Your confidence should be high and your words must carry weight. This helps people take you seriously. It gets difficult in towns and cities outside metros where the older generation might show disregard. But you need to react graciously as they may not have dealt with women in business.

The number of women in technology is increasing; I interact with several female technology graduates but many suffer from parental pressure to choose marriage over career. I push for women in my company; women must support other women. Several department heads in my company, be it corporate sales or R&D, are women. Technology is a good industry for women as you are known for your IQ, and if you walk the talk, men respect you.

Set up pro-women systems
Seethalakshmy Narayanan, Investment banker
The female:male ratio in my company is 10 women to 65 men. However, the men are supportive. It is important for workplaces to set systems in place to help women produce a solid output.

An action as simple as having a peon stay back for the safety of a woman when she is working late makes a big difference. Give your 100 per cent, no one will hold you back.

 





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Steve Vai, in and about India


Steve Vai at 2015 Rock in Rio concert. Pic/Getty images

You visited India 23 years ago. What are your memories?
I came to India as a spiritual soldier. Most people know me as a musician, but perhaps my most focused attention throughout my life has been on spirituality. There was a period I went through when I was researching various eastern philosophies and this brought me to India on several occasions. It was a tremendously rewarding experience.

How did you manage to keep your personal style of music intact?
When I was a kid, I wanted to be a composer and so, I started studying music. But when I was an early teenager in the '70s, I discovered rock music by the likes of Led Zeppelin, Queen, Jethro Tull and Deep Purple. I've always loved the energy of rock music. When the opportunity came to join those bands in the '80s, I felt that a part of my musical sensibilities would work well with them. So, a particular style of my music was used during that time. But when I started doing my solo music more, my innate musical style emerged more powerfully. All the artistes I've worked with in the past have shaped what I do.

How would you describe the journey of your music?
I was very emerged in Zappa and his music while I was working with him from the age of 18 to 23. During that time, I was also writing my own music and, to some degree, it was highly influenced by Frank (Zappa). When I started working on the music of Modern Primitive, it was directly after my Zappa years and there was still much residual leftover Zappa influence in it.

Tell us about your life as a 20-something rock star in the '80s...
Well, it was certainly a good time to be a rock star. We could wear the oddest clothes, had a gigantic stage to run around on and were playing our a***s off! To be honest, I enjoyed it very much. I took great advantage of all the situations, but never lost myself in them. I knew they were all fleeting moments. Dave Roth threw the best parties, though. They were notorious. I saw and discovered things that could fill volumes of books and which you would not believe even if they were written and truthful. Imagine having at your disposal an abundance of fame, drugs, sex, money, etc. But as mentioned, I never got lost in any of it… except perhaps the fame, ha!

Will the heydays of rock ever return?
I don't know what young artistes do backstage anymore, but any time I've been there, they were nothing like what I remember in the '80s. For some, the heyday is now. There is still enough fame, drugs, sex and money to go around that could spin the head of any young artiste. But then again, there seem to be 'rock stars' in every field.

Any Indian musicians you admire…
I was fortunate to do some work with violinist L Shankar in the '80s. He's a phenomenon. I also enjoy the work of Ravi Shankar, Zakir Hussain, U Srinivas, Ali Akbar Khan, Anoushka Shankar and others.

Who are your all-time favourite guitarists and why?
Jimmy Page was my first real guitar discovery and is, in my books, the best arranger, writer and producer of rock music. Allan Holdsworth has an inner ear unlike that of anyone.
Jimi Hendrix. Well, because he's Hendrix. When I heard Al Di Meola play as a teenager, I became aware of the extremes that a human being can achieve in terms of tone and chops.
Brian May has the most identifiable tone and touch. Joe Satriani, he speaks through his guitar in a way that is deeply moving and creative. He is the master of inspired instrumental guitar melody. I could go on and on.

What have you planned for your performance here?
I was happy to discover Mohini Dey, an extraordinarily talented Indian bass player. She played on a track on Modern Primitive called Bop. She's truly a marvel and if everything works out, she will be joining us at the show for a jam. Also, I have a backing video screen that has some of my friends appearing on it, who I will jam with from the stage. They include Joe Satriani, Brian May, John Petrucci, Tommy Emmanuel and Frank Zappa. I want to be connected to the evolutionary impulse of the universe when I play, thus, bringing an experience to the people that is captivating and even shocking.

Steve Vai performs at the Meghalaya (October 28) and Pune (December, date to be announced) edition of Bacardi NH7 Weekender 2017
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Mumbai cyclist to journey across India to promote the cause of veganism

An article he had read a little over two years ago changed Rohit Ingle's life forever. It espoused the cause of veganism so persuasively that Ingle says he was convinced overnight to give up eating meat. "I can't remember where I read the article," he confesses. "But it had a very simple line - if you are an animal lover, you can't eat them. If you love someone, how can you be the cause of their misery?" he adds.


Rohit Ingle while flagging off his journey from Ahimsa Fest this week. Pics/Sneha Kharabe

That message is what he now hopes to spread across the country, riding a cycle. Ingle embarked on his epic journey - and it can only be described as that - from Bandra on Thursday, a week ahead of World Vegan Day on November 1. The plan is to cover 19,000 km over one year, stopping not just at different state capitals, but especially in the hinterland. "Hardly anyone in India knows about veganism," he says, adding, "I'll pitch my tent at places like highway dhabas. There, I can interact with the customers and tell them more about what I am doing, hopefully inspiring some of them [to take up veganism] in the process."

Does he feel any apprehension? "Yes, I am nervous, I won't lie about that. But I am motivated by my cause. There are also people who will be there to welcome me at Ahmedabad and Surat initially, and that will hopefully give me further encouragement. So, as the journey goes by, I am sure this feeling will go away."

But, Ingle adds, he's not quite sure about how he will sustain himself financially to get through an entire year. "I have raised `60,000 [of his `3.5-lakh target] through crowdfunding. I have also received money from The Pollination Project, an organisation based in the US that has sponsored me for $1,000. So, I have around `1.3 lakh and can easily start my journey for at least three to four months."

After that, he hopes to keep going till November 2018, inspiring as many people as possible along the way. "See, the message is very simple - if you want to eat meat or wear animal products, an animal that doesn't want to die is definitely going to be killed. So, you have to keep that in mind."





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Good friends circle in old age may boost brain functioning

New York: Maintaining strong social networks with positive, warm and trusting friendships in old age might be key to slowing down age-related decline in memory and brain functioning, researchers say.

Representational picture

The findings showed that superagers -- who are 80 years and older -- who have the cognitive ability at least as good as people in their 50s or 60s can have more satisfying, high-quality relationships compared to their cognitively average, same-age peers.

"This study supports the theory that maintaining strong social networks seems to be linked to slower cognitive decline," said Emily Rogalski, Associate Professor at the Northwestern University in the US.

"The study is particularly exciting as a step toward understanding what factors underlie the preservation of cognitive ability in advanced age, particularly those that may be modifiable," added Amanda Cook, doctoral student at the varsity.

Previous studies have shown psychological well-being in older age to be associated with reduced risk of developing Alzheimer's dementia.

"It's not as simple as saying if you have a strong social network, you'll never get Alzheimer's disease," Rogalski said.

"But if there is a list of healthy choices one can make, such as eating a certain diet and not smoking, maintaining strong social networks may be an important one on that list," Rogalski noted.

For the study, published in the journal PLOS ONE, the participants answered a 42-item questionnaire called the Ryff Psychological Well-Being Scale, which is a widely used to measure of psychological well-being.

The scale examines six aspects of psychological well-being: autonomy, positive relations with others, environmental mastery, personal growth, purpose in life and self-acceptance.

Superagers scored a median overall score of 40 in positive relations with others while the control group scored 36 -- a significant difference, Rogalski said.





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Will Sanam maintain its numero uno position if it ditches the covers?

When we meet them on a windy November afternoon, the quartet that calls itself Sanam (named after lead singer/composer Sanam Puri) is comfortable taking questions on, and dealing with fame. They could be the biggest band in India, say insiders. Their YouTube channel has 208 million subscribers and enjoys 14 million views per month. And they have fans across South Africa, Trinidad, Netherlands, Bangladesh, England, Nigeria, and even Suriname. "We just realised the other day that there isn't a country in the world that hasn't visited our channel," says Keshav Dhanraj, drummer. Thank God Indians are everywhere, we say, and he laughs, "Yes! Bangladesh is the biggest consumer of our music!" And they admit that they are drawing in more women than men. "It's quite a tough fight," says bass guitarist Venkat Subramaniyam, who is scrolling through figures as we talk over watermelon juice at the clubhouse of their plush residential complex in Madh-Marve. "It's 50:50," he adds, "women are more active on social media, I mean they comment more, but otherwise the gender ratio is roughly equal."


Pic/Nimesh Dave

It has taken them a while to get here. Brothers Sanam and guitarist Samar Puri, from Delhi, Subramaniyam, from Bengaluru and Dhanraj, from Chennai won a contest called SUPASTARS hosted by a recording label in 2010. Free gigs, great for exposure, but not of particular value, followed, until they met their manager Ben Thomas. "Under Ben's guidance, we started making videos and music of all types [originals and Hindi, English covers], says Dhanraj. Their first song, Hawa Hawa, saw a decent traction. But then, a cover of Lata Mangeshkar's Lag Jaa Gale got them almost 36 million views (and counting).

But their success is also a product of consistency. The first-time visitors on their channel often discover other songs, which they may not have done as well when they released, but gradually gained popularity. "So, our song, Dua [23 million views] which is an original, got popular after people had already discovered us through perhaps a cover version of some song, and wanted to listen to other stuff," says Sanam. They do remember the time that they tried first to get their songs heard. "I have been banned by Facebook so many times because I have spammed so many people [in an attempt to get them to hear our music]!" laughs Dhanraj. "I remember tagging people in the comments section of our videos. Facebook only allows 10 mentions per comment. So, you can imagine how many comments I posted!" smiles Sanam.

Today, they have the numbers, but they won't take their success for granted. They try and put up at least one new video every month (original or cover), update their social media accounts every few hours, and tour the country and outside. They now have a team that handles the logistics, including mixing and editing of videos, so they can "concentrate on the music". "We used to do it all ourselves. Now, it's about making music we are proud of so that you, the listener, likes it."

Ask them if they will ever ditch covers for originals only, and they have a smart, sorted reply. "In India, originals are respected more. We get that, and we aim to make more and more of them. But in many countries we visit, our fans are into the classics, like Mohammed Rafi's songs, and we want to give them what they want. They are our unique versions, they carry our stamp, in any case," says Subramaniyam.

As we leave them, they tell us about their musical influences, and there are some surprising answers. Sanam doesn't listen to much else because he doesn't wish to influenced, but if he must, he will pick, "strings and background music". Subramaniyam loves funk and blues, and Dhanraj and Samar like Arabic tunes. As Samar says, "We sing in all languages, and with our success and fan base, we now get that music really does have no language."