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Andhra Pradesh Staring At Fiscal Crisis
As Chief Minister YS Jagan Mohan Reddy is busy in settling scores with his political rival and TDP supremo N Chandrababu Naidu, the Andhra Pradesh government is heading for a debt trap. The CM is busy in spending on welfare schemes and social security cover. But what is worrying is the high level of borrowings. Amid Covid-19 stress and downturn, Andhra Pradesh’s borrowings in 2020-21 is estimated at a whopping 142% — a cause of concern for the state’s ruling YSR Congress party government. What has also increased the state government’s worry is the high fiscal deficit, which is put at Rs 68,536 crore, while the revenue deficit crossed Rs 48,809 crore in December 2020. Clearly, the economists and experts say the situation is alarming as they predict a fiscal emergency in the state. It is a crucial time for YSR whether he continues to neglect fiscal impropriety or adhere to fiscal prudence to save the state from a major financial crisis.
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Tendulkar, Sehwag Revive Golden Memories, Charm Raipur
Sachin Tendulkar, aka, master blaster of the Indian team has been somewhat subdued in the preliminary rounds of the Unacademy Road Safety World Series Twenty20 for retired cricketers at the Shaheed Veer Narayan Singh International Cricket Stadium in Raipur. Opening the India Legends innings with the Prince of Najafgarh, Virender Sehwag, Sachin struck form against Bangladesh Legends and West Indies Legends, but in these matches Sehwag was in swashbuckling form scoring 80 off 35 balls against Bangladesh and 74 off 57 balls against the West Indies. According to Debashish Dutta, an itinerant cricket correspondent for Bengali Daily Aajkaal, and who is manager of the India Legends, the competition has been stiff and most of the legends are in great nick. He is hoping for Tendulkar to get into the battering ram mood soon. The Legends team of India, Sri Lanka, Bangladesh, West Indies, England, Australia, and South Africa have been locking horns in the Chhattisgarh capital. The final is scheduled for March 21. “We are following all bio-secure restrictions at the Mayfair Lake Resort and at the match venue and follow the ICC guidelines. The Australian Kookaburra balls, each costing Rs 15,000 is used,” said Dutta before boarding the team bus with Tendulkar.
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Benazir Bhutto: Making Money The Pakistani Way
One more book on Pakistan’s first woman prime minister Benazir Bhutto hit the book shelves sometimes back. The Bhutto Dynasty, authored by Owen Bennett-Jones, while tracing the turbulent history of the Bhutto dynasty, also reveals about her views on corruption. “Politicians everywhere, the former prime minister of Pakistan Benazir Bhutto argued, made money. The difference was that while Western politicians did so after they left office, their counterparts in the developing world did not have that option. The U.S. journalist Ron Suskind once put it to her that his high-level sources in the U.S. government had told him that she was making ‘real money’. There was no denial. Rather she said, “Let me explain how it works. In your part of the world Dick Cheney is vice president and then he goes to Haliburton to make his money. In this part of the world, you make your money whilst you are in office. It is not that different.”

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”