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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 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.