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Red Flags Turn In To Red Carpet, As Kerala CM Courts Investment
Kerala Chief Minister Pinarayi Vijayan is a changed man. In his heydays, as a CPM trade union activist he red flagged businesses, organised strikes, hartals and lockdowns. But as CM now, his government has rolled out the red carpet to turn Kerala into a popular business investment destination. Recently, he visited the UAE and wooed investors. Ironically, trade union leaders in his party are busy closing down or threatening MSMEs in the name of Nokku Kooli, an euphemism for extortion. What takes the cake is two controversial decisions by Vijayan’s government. After Air India was privatized, handed over to the Tata Group, the Kerala government took back land it provided for AI’s headquarters in Trivandrum. The logic: the land was provided when AI was a Government of India undertaking. For the record the original owner of the land, the Royal family of Travancore and AI had paid for the land. The same government is courting another Tata Group flagship, TCS to set up offices in Trivandrum’s Techno Park. The other googly Vijayan delivered is over the Trivandrum airport, set up in 1932, run by Adani Group. Post privatization, the Left government has placed one too many hurdles on its expansion plans. It will be interesting to see how the Adanis tackle this challenge even as they are struggling to develop a greenfield Vizhinjam port, also located in Trivandrum.
Chitra_Modi
Get To The Bottom Of The Chitra Ramkrishna Case: PM Modi Tells Officials
Looks like there will be no let-up in the probe against the “mystery Yogi” who gave divine instructions to former MD & CEO of the National Stock Exchange, Chitra Ramkrishna. At an official weekend meeting, PM Narendra Modi made clear that investigations must be conducted thoroughly to delve into the depths (gehariyan) of the scam. This means Ramakrishna will not get away with pleading innocence for having taken instructions from a godman who resided in the Himalayas. The official keenness to get to the bottom of the story is also because Ramkrishna, a qualified CA, was connected with an influential political family, a father-son duo, from Tamil Nadu since 2012. It was this connection that helped her secure the coveted job in 2013. Sources close to Ramkrishna, keen to protect her, are peddling multiple theories including one, about the yogi being a finance ministry bureaucrat besides speculative assertions about him. He was probably a Karnataka cadre officer, once a close aide to the senior Tamil Nadu leader. Interestingly, the political class seems very keen to see a bureaucrat is made the fall guy in the Chitra Ramkrishna episode so it fails to impact their political space.
IPL Teams
Capital War To Break Out Over IPL Media-Digital Rights, As Reliance, Amazon Square Up For The Big Fight
The Indian cricket field will soon witness a major turf war of a different kind, a battle for media and digital rights. Amazon and Reliance Industries, two corporate majors locked in a head-on battle for physical shopping space in Future Retail, will also flex their muscles to bid for the 2023-2027 IPL rights. Valuations have breached the stratosphere already with talk of bids reaching $7 billion dollars and, many other giants ready to do battle as well. The previous 5-year cycle that attracted a consolidated Rs 16,347.5 crore from Star-Disney ends with the 15th IPL featuring 10 teams and more matches than were on offer under the 8-team format. Disney-owned Star India may have to reach deep into its pockets to take on the global e-commerce giant Amazon with its Prime Video OTT pay channel, even as India’s industry and commerce behemoth Reliance, with a broadcasting arm in Viacom18, opens up its considerable war chest to bid for what is seen in broadcasting as an everyday Super Bowl with a 2.5 billion worldwide audience. The BCCI may unbundle the TV and digital rights. IPL has probably already factored in its Rs 7,000 crore a year rights earnings, which is believable as cricket is king in India and IPL dishes out magical live sport entertainment.
sourav_Rahul_Wriddhaman
Saha Cites Dravid And Ganguly, Does Not Name Media Intimidator
L’ affaire Wriddhiman has been rather unkind to the sports journalists’ fraternity in India, in particular with the former India stumper refusing to name the alleged sports journalist who sent him intimidating messages. Wriddhiman Saha, who has been brutally told the truth that he is on the way out of the India scheme of things because he is considered to be too old to be a No 2 man with the big gloves, has brought into the public domain the conversation India Head Coach Rahul Dravid had with him about the improbability of his future roles in India cap and red ball cricket during the recent tour of South Africa and a text from the BCCI president, Sourav Ganguly, assuring to protect his place in the India team. But the Bengal-based stumper has still not revealed the name of the sports journalist who has behaved like a loon to say the least. No professional sports newsperson would resort to such unethical means to extract news from a sportsperson. Saha, a long time understudy to Mahendra Singh Dhoni has played 40 Tests that mirrors the permanency he enjoyed in the Test team, but of late the dashing Rishabh Pant has been anointed as the No 1 stumper across all formats and Kona Srikar Bharat, 28, being looked at as the immediate standby. But the big question now is, will Saha name the uncouth media person?
Sebi_002
Family Run Enterprises Heave Sigh Of Relief After SEBI Climbdown On Splitting CMD Post
This news comes as a much needed relief for many family-run enterprises.  In a sudden about-turn, SEBI decided to make splitting of the posts of chairperson and managing director (CMD) by listed entities voluntary and not mandatory. A dozen such enterprises thrive in the Dravidian land. With one too many family members within such enterprises, splitting the CMD could have triggered considerable tensions within such enterprises. The consequences for them would have been a lot severe if it was enforced with a stricter fiat from the market regulator? What made the regulator do a U-Turn? One can debate the volte-face endlessly. One thing is sure, however. Regulation by force has often proved ineffective, and hasn’t really delivered the intended result. We have seen this happening in the unfolding Chitra imbroglio in the NSE. The entire governance structure at NSE appears to have gone for a toss. Will more rules solve the problems? They won’t. Be it in the re-nomination of the Maran couple on the board of Sun TV Network or the infamous Tata-Mistry imbroglio, corporate governance has been a consistent casualty. It reflects the erosion in the value system of society. The Venu Srinivasan and R Dinesh-led wings in the now partitioned TVS group have gone for non-family members to chair some of their boards. That’s refreshing. Laws often don’t get the right result.
devendra uddhav_bmc
BJP To Keep Mum Till BMC Polls, Then Target Maharashtra's First Family And Raut's Kin
Maharashtra is on edge, focused on forthcoming BMC elections, the semi-final match for Lok Sabha and assembly prospects of 2024. BJP says the 416 seats it won in January’s Nagar Panchayat polls is proof the voter base of third placed Shiv Sena with 301 seats (NCP/376 and Congress/297) is eroding. Truth being, Sena fared well in Mumbai, Thane, Palghar with limited success in Konkan. Maharashtra Chief Minister Uddhav Thackeray has entrusted the task to raise Sena’s tally in BMC to over 100 corporators to son and suburban Mumbai’s guardian minister, Aaditya Thackeray. Meanwhile, erstwhile BJP CM, Devendra Fadnavis seeks a CAG audit over financial irregularities in Mumbai’s jumbo Covid centres, apparently run by unregistered medical operators, with familial ties to Sena’s Rajya Sabha MP Sanjay Raut. Did Raut make a distressed late-night call to Amit Shah recently? Union Minister Narayan Rane said Maharashtra’s politics will change post March 10 which was interpreted as fresh efforts to dislodge the MVA government. “Post BMC polls no elections are scheduled in Maharashtra till 2024. After March 10 fresh efforts will commence to dislodge the MVA government. Whether this means cases registered against the CM, his wife or Raut’s kin being arrested has to be seen. After March 10 they will come to us,” a BJP leader told Shortpost.in. Clearly, the battle for BMC has begun.
Naveen Patnaik_006_twitter
Odisha CM Naveen Patnaik Prays, Meets The Media, So Rumours Of Ill Health Fizzle Out Before Panchayat Polls
Every time Odisha faces a poll, the rumour mills work overtime regarding Chief Minister Naveen Patnaik’s fragile health. Patnaik knows this game is played by opposition parties to cut into his vote base. Now, with Panchayat elections around the corner, Patnaik took the wind out of the opposition sails by addressing the media while on a visit to the Lingaraj Temple. “I am fit and fine,” he conveyed to waiting newspersons. Although appearing slightly under the weather he fronted supreme confidence. Voters in Odisha know Naveen babu’s health is not in the best of pink but, they simply adore and love him for his delivery. No other chief minister in the country enjoys his kind of popularity. The rumours of his ill health also served as a wake-up call to his party, the Biju Janata Dal. Succession talks on taking over the mantle of the BJD have begun. While there are no clear answers, political analysts feel the BJP which was waiting in the sidelines for years feels the inevitable political vacuum being created and its double engine formula may fill this space in the coming days.
Ramnath_Venkaiah
President Kovind, Vice President Naidu Mingle With The Crowd And Meet Friends, As Their Tenures Reach The End
Vice President M Venkaiah Naidu is spending his last few months in office reaching out to old friends from across the aisle. This was on display when he made a point to call upon senior DMK leader Arcot Veerasamy during his visit to Chennai recently. Veeraswamy, who is undergoing medical treatment for a fractured leg, was the Power Minister in the Karunanidhi Government (2006-11) and, close to the late DMK supremo M Karunanidhi. His son, Kalanidhi Veerasamy is at present Lok Sabha MP from Chennai North. Naidu spent about 15 minutes with Veerasamy.  Naidu’s businesswoman daughter Deepa Venkat also lives in Chennai. Likewise, a week after Mughal Gardens at Rashtrapati Bhawan was thrown open to the public, President Ramnath Kovind invited Supreme Court judges to come visit. Guests led by Chief Justice N V Ramana, accompanied by his wife, grand-daughter and brother judges went for a stroll. A lawyer by training, Kovind played a perfect host to the CJI’s grand-daughter, Sriya, a kindergarten student, showering her with chocolates.

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.”