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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 Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.