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Olympian Wrestler Vinesh Phogat joined the Congress and is all set to contest Haryana assembly elections from Julana seat. Famous for missing the silver medal by 100 gm in the Paris Olympics as she had breached the category in which she entered the contest, Vinesh had received a hero’s welcome as soon as she returned to India. She was given a grand welcome at Delhi airport by the Haryana Congress leader Bhupinder Singh Hooda and his son, Deepinder. Her name was finalised as soon as she formally became a member. While wrestler Bajrang Punia has been appointed as working president of All India Kisan Congress. Entry of the wrestling icons, who are both Jats, means consolidation of Jat votes behind the Congress. Former CM Hooda is determined to make a comeback with Jat vote power after 10-year BJP rule in Haryana. Phogat termed her political innings as a new chapter and said that she will continue to work for the rights of other athletes. Referring to the ongoing sexual harassment case against former WFI chief and BJP leader Brij Bhushan Singh, she made it clear that only the Congress had understood “our tears”. “I will work for other athletes so that they don’t have to go through what we went through,” Phogat said. “I could have quit wrestling at Jantar Mantar because the BJP’s IT cell was publicising that we were spent forces. They said I did not want to play in the nationals but I did; they said I did not want to do trials, I did that… They said I could not go to the Olympics but I did… Unfortunately, it was not God’s will,” she said.
Maharashtra BJP president Chandrashekhar Bawankule’s latest allegation against NCP MP Supriya Sule has enraged her supporters. Supriya herself has vehemently refuted the charges and challenged him to produce the evidence to substantiate it. A staunch follower of BJP heavyweights Nitin Gadkari and Devendra Fadnavis, the BJP leader has stunned the state polity with his so-called disclosure. According to Bawankule, she had said, “If Fadnavis comes back to power, we will be nowhere and this will be the last election for Sharad Pawar and Uddhav Thackeray.” Different versions of Supriya’s directions to her party’s spokespersons regarding the coming elections are floating around. The general tenor of the reports is that she has indicated to them to go soft on chief minister Eknath Shinde and avoid any statement on Maratha leader Manoj Jarange but zero in on Fadnavis. Referring to these news stories, Bawankule has attacked Supriya while making his allegation. Taking him to task over his remarks, Supriya has challenged Bawankule to produce proof that she had asked her party spokespersons to hit only Fadnavis. “Show me a video making such a statement,” she has said. Fadnavis and Supriya are the two names which are repeatedly making rounds of the political grapevine as the next CM choice. Hence Bawankule’s advocacy of Fadnavis is hardly surprising. Other major parties in the state have so far kept away from this slanging match.
In the backdrop of the Modi government releasing a Rs 100 coin to mark birth centenary of DMK patriarch M Karunanidhi on August 18 and Defence Minister Rajnath Singh hailing him as “titan” of Indian politics, Tamil Nadu CM MK Stalin has always been anxious to assure his allies in the secular INDIA Bloc that he is not inching close to the BJP. Away in the U.S. since the end of last month along with his wife Durga to pitch for foreign investment in his state, Stalin has been making it a point to enjoy ordinary things like working out at a gym in San Francisco or a bike ride near Lake Michigan in Chicago. His post on X, “Evening’s calm sets the stage for new dreams”, somehow caught the attention of Congress Leader Rahul Gandhi who replied to Stalin’s post with a playful comment, “Brother, when are we cycling together in Chennai?”. Responding to Gandhi, Stalin proposed a leisurely ride to explore the heart of Chennai. “Dear brother @Rahul Gandhi, whenever you’re free, let’s ride and explore the heart of Chennai together! A box of sweets is still pending from my side. After our cycling, let’s enjoy a delicious South Indian lunch with sweets at my home.” Incidentally, Rahul will also be briefly in the U.S. — September 8-10 — to interact with the Indian diaspora as well as key business and academic figures. This will be his first visit to the U.S. since the 2024 Lok Sabha elections, after the Congress made significant gains. His visit precedes PM Modi’s planned appearance at the UN General Assembly later in the month. Gandhi will visit Dallas and Washington DC during his time in the U.S.
Nationalist Congress Party president Sharad Pawar’s choice for the next Maharashtra CM will not be Uddhav Thackeray. This sensational claim made by DCM Devendra Fadnavis has further dented the campaign started by the Shiv Sena leader’s followers to project him as the future chief minister. Pawar and state Congress president Nana Patole have publicly negated Uddhav’s demand to declare the name of the next Maha Vikas Aghadi CM in advance. Both have reiterated that a decision in this regard will be taken at an appropriate time. The Sena (UBT) has maintained a stoic silence ever since on this issue, unlike its practice to react to any development, big or small, instantly. Using the opportunity of his interview taken by a private news channel, Fadnavis ridiculed the efforts being made to project Uddhav as the unanimous MVA leader in Maharashtra. Fadnavis did not mention any other name in this connection but left his remark hanging, so that enough suspense pervades the opposition camp. Pawar himself has added to the guessing game. Though he had claimed that his party would not be in the race for the post, he has now added another rider by stating that the party with the largest number of MLAs will stand the chance. Fadnavis rubbed Uddhav the wrong way by remarking that the three-day recent visit of the Sena leader to Delhi had failed to obtain Sonia Gandhi’s backing to his name for chief ministership. Uddhav’s backlash is awaited.
Six decades have gone by since it was incorporated in 1959 as a company with charitable objects under Section 25 of the Companies Act, 1956 (now Section 8, Companies Act, 2013). Ostensibly, it was set up with the object to promote the spread of knowledge across assorted areas – such as politics, culture, art, history, sports and the like – and disseminate news to the general public both about Indian and foreign affairs. United News Of India (UNI) is a multilingual news agency. Once upon a time, it was one of the largest news agencies in India with several hundred subscribers across the length and breadth of the country. Today, it is a shadow of its past. Struggling to survive, UNI has now come under the IBC (Insolvency and Bankruptcy Code) resolution process. A process to invite resolution was initiated in August last year. However, based on a decision taken by the Committee of Creditors, a “Round 2” of the entire Resolution Process for inviting EOI (Expression of Interest) for submission of Plans has been now initiated. With just about 175 employees and revenue of less than Rs 7 crore, this once iconic news agency is on the verge of extinction. With the whole media industry going through tough times, UNI is hoping for a light at the end of the tunnel. Will the resolution process throw up a Good Samaritan? Fingers are crossed, indeed.
Amid a series of electoral failures, including a hat-trick of zero wins in major elections, the CPI(M) in Bengal is facing growing internal pressure to reconsider its approach and hire an external political strategist. Alimuddin Street, party’s headquarters, has received feedback that the organization’s current state is “disgraceful” and it must consider “alternatives.” Most political parties – BJP, Cong, TMC, AAP and DMK — have from time to time roped in political strategists/consultants. For instance, the Trinamool Congress’s 2021 victory was largely credited to IPAC, led by Prashant Kishor. Likewise Congress party has benefited from strategic insights provided by Sunil Kanugolu. CPI(M) State Secretary Mohammad Salim stated that though the party cannot afford to hire a professional agency, professionalism must be increased. The party had hoped that its alliance with Congress for the Lok Sabha polls would increase its vote share. Leaders had predicted a three-way contest between Trinamool, BJP, and the Left-Congress combine. However, the reality was a two-way fight between Trinamool and BJP, leaving CPI(M) without a seat, and Congress lost key constituencies like Baharampur, where five-time MP Adhir Chowdhury was defeated by TMC’s Yusuf Pathan. Party insiders have highlighted organizational failures, including an inability to deploy agents in polling stations. Again, in the RG Kar incident relating to rape-murder of doctor, where the CPI(M) youth wing DYFI, led protests in Kolkata, the party failed to mobilize at the district levels. Also, it has alienated women voters in the state by terming the Lakshmi Bhandar scheme as “alms”.
Vishwajeet Kadam, who jolted the MVA alliance in the recent Parliamentary polls, is set to ruffle feathers again in the forthcoming Maharashtra assembly elections. Kadam, who backed Congress rebel Vishal Patil to victory over the MVA’s official Sena nominee, now seems to have the backing of the Congress high command this time too. The message was sent loud and clear when Rahul Gandhi flew down on September 5 to unveil his father –Patangrao Kadam’s statue in the presence of the entire top brass of Congress and even NCP (SP) chief Sharad Pawar. The prominent positioning of rebel Vishal Patil MP on the dais at the event, between the state Congress and NCP chief — Nana Patole and Jayant Patil — signalled Vishwajeet’s insistence to have things work his way. The high-profile event estimated to cost over Rs 50 crore, with over 1.5 lakh people housed in a Rs 8 crore canopy spread over 20 acres, was also meant to pitch Vishwajeet for the top slot in state politics. The absence of Uddhav Thackeray from the event clearly signalled that the friction between the Congress and Sena, is here to stay. Currently, of the eight legislative assemblies in Sangli, only two are held with Congress. Another two seats are held with the BJP, which is keen to wrest control of the prosperous sugar belt. The Congress, which has sensed victory in Maharashtra, after emerging with the highest tally among MVA partners in the recent LS polls, is in no mood to relent to their coalition partners’ demands. The NCP has been tamed while the recalcitrant Uddhav is being ignored. The Congress which wants to play the big brother could give Vishwajeet a free hand to chart party’s revival in the state.
Raja Randhir Singh may have triggered a fresh debate on whether administrators’ maximum tenure of 12 years is good for developing sport in India. India’s National Sports Development Code (NSDC) 2011 specifies terms, tenures, age, and cooling-off rules for sports federations. A five-time Olympian, several-time Asian Games participant in the Trap and Skeet shooting event, a gold and bronze medal winner has been an administrator for around four decades at the national and international sports bodies and is all set to become the 44th President of the Olympic Council of Asia wef September 8. In recent interactions, the 77-year-old former member of the International Olympic Committee (IOC) has said that Yoga will become a medal sport from the 2030 Asian Games, but more significantly, he touched upon an essential aspect of the governance structure and strict rules. He believes more than 12 years is needed for administrators at the sports bodies. While the NSC stipulates a 12-year time restriction for national sports federations, the Justice Lodha Committee report that the Supreme Court has endorsed stipulates a maximum period of nine years together at the State and BCCI and with a cooling off period after six years that was initially three years. Being an experienced hand, Raja Randhir may have a point that will only get full support from the BCCI, but the Apex Council of the country believes that sports federations cannot be a fiefdom for an individual or group of people. The BCCI has been lucky to get relief from the Supreme Court on the cooling-off period restriction, but they may hope for further ease in restrictions. Given a chance, both the BCCI and the sports federations would like the cooling-off period and tenure restrictions, junked!
Now that N Srinivasan-headed India Cements has changed hands, the focus is clearly on what will happen to Chennai Super Kings Ltd. Once a division of India Cements, CSK was spun off into an independent entity following the conflict of interest issue. Post-India Cements sale, the focus obviously has turned to CSK. Where is it heading? Well, Srinivasan and his family have now consolidated their holding in CSK. They have increased their stake in CSK to nearly 42% from just above 28% in March 2023. The promoters now hold 158,016,303 shares. They had 86,726,373 shares in March 2023. The equity share has a face value of Rs 0.10 (ten paise). CSK Ltd. is the owner of the Chennai franchise of the IPL (Indian Premier League) T-20 cricket team. With the player auction for the upcoming IPL season coming up soon, the consolidation of holdings by the Srinivasan family in CSK reflects the commitment and passion of the promoter group to the cause of cricket. Not surprisingly, the board of CSK has decided to elevate K Viswanathan, popularly known as Kasi, a close loyalist of Srinivasan, as the managing director for a three-year term. Well, the context may have changed following the sale of India Cements. Srinivasan and Co, nevertheless, is focussed like a blinkered-horse on furthering the cause of cricket.
Caste dynamics has political formations of India in a tizzy for the imminent Haryana state assembly elections with the BJP set to also launch a new poll strategy to dampen the Congress dream of a clean sweep in the Nuh belt of the state along with others where the minority vote plays a dominant role. The AAP and Congress vowed to fight solo after the zero-voter verdict their alliance evoked in Delhi’s seven Lok Sabha constituencies, then kissed and yet, to make up. While AAP wants 10 seats, Congress is willing to part with only seven. The SP too wants seats to field candidates in Muslim proliferated constituencies. Congress believes minority votes will accrue to itself, particularly in three assembly constituencies in Nuh region dominated Muslim voters. Only former Congress CM Bhupinder Singh Hooda appears worried over his political future. The BJP too, worried over anti-incumbency, wants to buck the political tide and announced 16 OBC candidates, 13 from Jat community with 17 reserved SC seats. Though the OBC community is the majority voter segment in Haryana, Jat community always holds sway over political affairs be it the Lal clan troika (Bansi Lal, Devi Lal) or the Chautala clan among dominant segments of farmer leaders. The BJP elevated another community leader Kiran Choudhary to the Rajya Sabha and will also accommodate her daughter for state assemblies. Similarly, late Jat leader Ajit Singh’s son Jayant Choudhary was inducted into the NDA alliance for the Haryana assembly. The BJP has topped up its poll plans by clearing a slew of farmer packages in the state before the elections were notified in the state to include most of the crops sown in Haryana under the ambit of its MSP protection.
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.
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.
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!
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.
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.
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
TRENDS & VIEWS
Editor’s Note: Big Punch In Small Pack
It is the Third Anniversary of Short Post and as a news media startup launched during the Covid-19 pandemic it certainly feels better than good to find ourselves where we are today. Here, I must cite the unstinted support of our seasoned contributors, all senior editors in the country, who brought a great degree of maturity and sagacity to the Short Post newsroom. But for them, our tagline “Authentic Gossip”, an Oxymoron, would not have matured viably. Our user numbers may be small but our stories have created the desired impact among people who matter — decision makers and influencers. We offer a big punch in a small pack and Short Post with its 225-word stories has been punching above its weight category. Having posted close to 3,000 stories in the last 36 months, Short Post, I feel, is an idea whose time has come.
And this is vindicated by our two marquee advertisers – IDFC FIRST Bank and ICICI Lombard. Both believed in our story and have supported us from Day one. A big thank you to both.
If you look at the media landscape – print, TV and digital — it is a mixed bag. There are job losses as some outfits have closed down while a lucky few were bailed out by large corporate houses. Yes, there is a lot of action in the digital space. However, the entry of corporate houses has raised the question of independence of news media outfits. Sadly, there are just a handful of independent media outfits in the country that are highly respected for their neutrality. At Short Post, our credo is not to take sides, prejudge issues or be biased but, informing readers of behind-the-scenes happenings. In essence, Short Post strives to be a neutral editorial platform — neither anti-establishment nor pro-establishment.
As I said last year, disruptions in the media world are moving at a fast and furious pace. Technology is playing a very big role in how content is generated and consumed. But, we are neither alarmed nor perturbed as it is all a part of the evolution process. What gives us comfort is that AI is unable to create original gossipy content. And that is the news arena where we have achieved a distinction.