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As Steel Prices Soar PSU Contractors Seek ‘Blacklisting’ To Escape Penalties For Not Executing The Projects
There was a time when a contractor would give an arm and a leg to win a big government tender. Not anymore. According to ministry mandarins, many contractors who bagged major contracts are doing their utmost to get blacklisted to avoid executing the tenders, and escape severe penalties for failing to meet the project execution milestones. According to a highly placed PSU source, many of the contractors had bagged the contracts in 2020, when steel prices were in the range of Rs 37,000 per tonne. The contractors, as is the norm, would have factored in a 15-20% hike in steel prices. In reality steel prices doubled to Rs 72,500 in March 2022 before falling to around Rs 60,000 per tonne in April 2022 “There is no way the contractors can execute projects at these prices; it’s totally unviable. But given the stringent penalties for failing to meet tender conditions, the only hope for contractors to escape the penalties is to get blacklisted on some count or the other,’’ said a source. If a large number of contractors get blacklisted it will be a big setback for all public sector undertakings. With the government chalking up a CAPEX of Rs 7.5 lakh crore in 2022-23, it will be a lose-lose proposition for everybody. So, should public sector undertakings go in for re-tendering the contracts?
Smitha Harikrishna
WC Batter-Bowler Smitha Harikrishna Won't Get BCCI's Monthly Gratis
A substantial increase in the monthly gratis announced by the BCCI for retired cricketers has brought joy to all of them. The Indian Cricketers Association (ICA) whose representatives — Anushman Gaekwad and Shanta Rangaswamy — are in the Apex Council of the BCCI conveyed its happiness to Jay Shah (Secretary, BCCI); some cricketers took to Facebook and Twitter outlets to thank Shah, but there is one unhappy soul — Karnataka’s Smitha Harikrishna — who is left wondering why she was given the go bye by her fraternity and the BCCI whose President is former India captain Sourav Ganguly. Smitha played 22 one day internationals from 1995 to 2000, 13 matches of which were in World Cups held in 1997 in India and in New Zealand. Those who argue for Smitha’s genuine grievance say that if those who have played only one Test (before the cut-off date of December 2004) can get Rs 30,000 a month, why is Smitha being discriminated against. Initially the BCCI took a policy decision to consider monthly gratis to women players who have played upwards of five Tests on or before December 31, 2004, but the Supreme Court appointed of Administrators extended the benefit to those who played even one Test match, leaving one day specialist Smitha in tears. The increase in monthly gratis payment has only compounded her woes.
Sonia Gandhi
Convalescing Cong Chief Sonia Gandhi To Miss June 23 Date, ED Will Just Have To Wait
So now it is quite obvious that when Congress President Sonia Gandhi avoided the first ED summons in the National Herald case on June 8 citing COVID, it is clear she wasn’t suffering from it. A party statement  now has claimed she was  admitted to the Sir Gangaram Hospital on June 12 citing “profuse bleeding from the nose” where she  is currently being treated for a fungal infection detected in her lower respiratory tract, along with other post-COVID symptoms. That it is not COVID became clear by the manner in which Rahul and Priyanka were regularly visiting Sonia in the hospital. She underwent a related follow-up procedure on June 16 morning. “She continues to be under close observation and treatment.” It seemed very odd that a medical bulletin on Sonia’s health should be issued by the party, instead of the hospital. Of course, the statement was carefully worded, loaded with medical terminology to help Sonia avoid her June 23 date with ED. Towards this end new AICC media head Jairam Ramesh has done a thorough job. Yet, it is surprising why the hospital did not issue a health bulletin on Sonia? This is generally the practice most hospitals follow whenever well-known political leaders are admitted under their care.

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.”