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Mission TOPS Sees India Script A Historic 7 Medals Haul At Tokyo Olympics
The pioneering way of fast-tracking the high performance of India’s money-starved sportspersons, through the Target Olympics Podium Scheme (TOPS), has begun to yield dividends. Noticing the sorry plight of India’s talented sportspersons, the Modi government put in place the TOPS in September 2014, and without exception, the project implemented through the Ministry of Sports & Youth Affairs (MSYA), has been acknowledged by the country’s Elite sportspersons. The TOPS in conjunction with the Annual Calendar of Training & Competition brought succour to the National Sports Federations and the Elite sportspersons, and after 125 years of the celebration of Olympic Sports, India won seven medals, with the Panipat-born javelin thrower, Neeraj Chopra winning the first ever track and field gold medal at the Tokyo 2020 Olympics. The Sports Authority of India/ MSYA spent nearly Rs 1.9 crore to meet some of Chopra’s post Rio 2016 Olympics related expenditure. The SAI/ MSYA shelled out Rs 2.06 crore for the Sonipat-based Bajrang Punia who won the Bronze medal. The TOPS provided Rs 83 crore for the men and women hockey teams for 55 international tournaments in India and abroad (29 for men and 26 for women), 393 days of foreign exposure, including 106 for men and 287 for women, for seven foreign coaches and for National camps in Bengaluru. The TOPS is a real boon for India’s top-notch sportspersons.
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Shareholders’ Plea: Quit The Board, As Moral Turpitude Is Implicit In Disgorgement
SEBI, the capital markets regulator, has been aggressively issuing orders against entities found violating rules and making illegal gains using unpublished price sensitive information or ‘UPSI’. These orders involve consent terms for the violation and settling without admitting guilt, and also a component of ‘Disgorgement’. The term ‘disgorgement’ is defined as “the act of giving up something (such as profits illegally obtained) on demand or by legal compulsion. This brings us to a bigger and more important point of moral turpitude. Does an individual who sits on a board of a listed company as an independent director and has disgorged an amount to a regulator along with the promoter of the same company for illegally benefiting from USPI committed moral turpitude? The fact that he has used the same information as the promoter has, is testimony to the fact that he is no longer independent. Similarly, when a senior officer of an I-banker acts in a similar manner and disgorges money, the fact that he has settled consent terms amounts to having committed a breach of confidentiality. In such cases without exception, strictest of action needs to be taken and the concerned person should be asked to leave. It is time for Corporate India and minority shareholders to take the matter of ‘UPSI’ seriously and demand that action be taken against erring individuals.
vijay_dhanush_rr
Madras HC Judge Peeved At Trend Of Superstars Seeking Import Exemptions On Super Luxury Cars
Barely had the dust settled down on the cringe worthy indictment meted out to top Tamil star Vijay for evading tax on the import of his Rolls Royce Ghost, when the same Bench of Justice SM Subramaniam had to come down hard on actor K Dhanush for a similar tax evasion. Both these highly bankable stars had coveted the ultra-luxury Rolls Royce Ghost as their preferred wheels to match their status and style, paid Rs 5 crore plus for the car. This raises several questions amongst us, the common, run of the mill Aam Aadmi. Is tax payment selective and evasion even more selective? Why put a burden on with such preposterous pleas when the law of the land clearly states what tax is to be paid? Do film celebrities think that they are extraordinary people with extraordinary status? To add insult to injury, the highly bankable hero, Vijay (rumoured to earn the second highest of Rs 70 crore per film, next only to Rajinikant topping the spreadsheet at Rs 100 crore) baffled the judge some more. Under the question, occupation, Vijay did not think it needed a response! These are the filmy heroes whose every stunt, song and dance movement and thunderous dialogues are greeted with whistles and approval by a swarming, swooning audience. Hope they don’t emulate their heroes and evade tax!
amrinder_sidhu
Match On – Spirited Sidhu Versus Charismatic Captain
You may love him or hate him but you can hardly ignore him. That is the message Punjab CM Captain Amarinder Singh may have learnt from his long running feud with the cricketer-turned politician Navjot Singh Sidhu. The maverick opener’s innings as politician has transformed into a formidable presence from a quiet beginning much like his cricket career in which he was dubbed the “Strokeless Wonder” before he trained himself to become “Sixer Sidhu.” Debuting in the World Cup 1987 in Chennai, he thrashed the defending Aussies for an explosive 73, studded with five sixes. This was followed by three consecutive half centuries, all marked by the big hits that have become the staple of white ball cricket today. Having called truce in the war for Punjab Congress turf, the Gandhis are still seen encouraging younger Sidhu, 57, against Captain, 79, though the latter was the powerful regional chieftain who brought them to power in a big state. Sidhu’s threat of leaving for the AAP seems to have rattled the younger Gandhis who backed him to the hilt against the stalwart CM. Now Captain is scurrying to New Delhi to complain once again that Sidhu is still baiting him in public even after he had conceded ground to allow Sidhu to become the Congress Committee chief in Punjab. Truth is Sidhu will never tire of speaking.
tatasky
Tata Sky Plans IPO To Give Disney An Exit
In this season of tech-driven IPOs, an older tech firm from the Tata stable is also readying for an IPO. Tata Sky, the DTH provider (which also has broadband service ambitions), has been around for over a decade and has been beaming bouquets of TV channels into homes across the country. Set up as a joint venture with Sky TV of the UK, then controlled by Rupert Murdoch, it has steadily expanded its coverage. And while competitor Dish TV may cater to more homes, Tata Sky, focusing away from the bottom end of the market, is way ahead in terms of revenues. It is now a mature business and ready for an IPO. After Murdoch sold Fox TV (but not Fox News) to Disney, the Sky holding had passed on to Disney. But India was the only country where Disney had a stake in broadcast distribution, and it did not fit in with Disney’s business. So, the IPO is an exit route for Disney. It will raise some money for the company and also give Tata Sons a liquid listed asset. The investment bankers are just being appointed to prepare the draft prospectus. This will be one more share issue likely to be lapped up by the public.
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Group M: Semi-Conductor Shortages May Impact Global Motoring Adspend
Group M, WPP’s media investment group, in its Global Marketing Monitor has reported: “Semi-conductor shortages will have an uncertain impact this year, especially on motor vehicle manufacturers. Related disruptions could have an impact on spending on advertising by those companies, but could also impact the electronics companies consumers rely on to access content. Both industries have options to mitigate supply chain challenges, so negative consequences are not necessarily going to be meaningful.” The report adds that top advertising auto companies Honda, BMW, General Motors shall be short of their productivity targets, though the production is down but demand is up. Ad spending could be impacted, says the report. The global shortage could have some impact on India where things are looking up for the country as a whole and the auto sector among others. Analysts say if there is a supply chain issue, then here too in India, some of the auto companies may put their advertising campaign on hold or curtail it till they are assured of regular supply. But they say the impact could be short term. Seeing demand-supply mismatch the Tata Group has announced plans to make semiconductors.  As per Pitch Madison Advertising Report 2021 for India, auto category’s advertising contribution in 2020 was Rs 3,243 crore

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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.