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After Collapse Of The U.S. Bank, ‘Hungamma’ On Adani Makes No Sense Admits A Section In Cong
Even as the Congress MPs are stalling the Parliament and pushing for a JPC into Hindenburg report on Adani companies, the Congress leadership itself is quite divided on the issue as it doesn’t seem to strike a chord with the general public. In fact, a section of leaders close to Rahul Gandhi is coming around to the view that only those in the stock market may be interested in the Adani issue and the rest of the public may not be concerned with stock price manipulations. It is also felt that after a series of developments following the collapse of Silicon Valley Bank in the U.S., the Congress could be simply flogging a dead horse in India. Party sources  also point out that Rahul’s London trip was a big hit as huge crowds had turned up to hear him because of Bharat Jodo Yatra. Everyone wanted to watch and hear the new Gandhi.  At the same time what has foxed Congressmen, how did the government come to know of what exactly Rahul had spoken at Cambridge? Wasn’t it supposed to be in-camera? Congress leaders close to Rahul were flummoxed that the BJP was making such an issue of Rahul’s speech in the UK. Looks like TMC supremo Mamata Banerjee was perhaps right when she said the BJP was keen on making Rahul Gandhi a hero for PM Modi’s “TRP”. 
devendra fadnavis dharavi
Maharashtra Government Stands By Adani Group Over Dharavi Redevelopment Project
The embattled Adani Group has been provided with much-needed relief by the Maharashtra government, which has strongly defended its decision to entrust the Dharavi redevelopment project to the giant. Disregarding a demand to drive the conglomerate away in view of the clouds hovering over it due to the Hindenburg disclosures, deputy chief minister Devendra Fadnavis made this clear in the state assembly. Dharavi’s Congress MLA and former minister Varsha Gaikwad had demanded that the project should be handed over to some other reputed firm by taking it away from Adani. Maintaining that the group had won the bid in open competition, Fadnavis said unless Adani Group fulfilled all the legal and financial formalities, the government would not issue it with a letter of intent (LoI). If financial institutions were satisfied with Adani’s status, they would extend the funding. In such a situation, there was no reason for the government to intervene. Former finance minister Jayant Patil reminded the government that Adani had recently withdrawn from a huge power project buyout in Central India and asked what was the timeline for completion of the project?. It will be completed within seven years, Fadnavis assured him.  The project was originally conceived nearly three decades ago. Redeveloped Dharavi will absorb the overflow into the Bandra-Kurla Complex (BKC) and add billions to the government’s coffer.
Mamata Tmc Meet
Bypoll Jolt Sees Didi Rejig TMC’s Minority Cell, And Fall Back On Old Guards
The Sagardighi bypoll results which went in Congress favour seems to have jolted the West Bengal chief minister Mamata Banerjee. To keep anti-incumbency at bay during the General Elections in 2024, Didi quickly called for a meeting of senior party leaders and categorically told them that TMC lost Sagardighi seat not because of minority vote bank shift but because of the party’s “internal weakness”.  To keep the minority vote bank intact, Mamata has rejigged the party’s minority cell by appointing youth leader and MLA Mosaraf Hossain as the new president. The incumbent president MLA Haji Nurul Islam has been elevated as chairman. It may be recalled that Didi had formed a five-member committee headed by Bengali-speaking muslim leader and ex-president of Jamiat Ulema-e-Hind within the TMC and a legislator Siddiqullah Chowdhury to prepare a report on the bypoll loss. Now, Chowdhury has been given the responsibility of three minority-dominated districts — Malda, Murshidabad and South Dinajpur. Interestingly, Didi’s close aide and state cabinet minister Firhad Hakim, who is an Urdu-speaking muslim, seems to have been sidelined by taking away his responsibility for the districts of Murshidabad, Howrah and Hooghly. For the panchayat election TMC has aligned with Jamiat, a grassroot organization. Many senior leaders and state cabinet ministers have been given additional responsibilities thus bringing back Mamata’s old guard rule replacing her nephew and second in command of the party Abhishek’s youth policy.
rahul Gandhi_012
Have Rahul Gandhi's Utterances Become A Liability For The Congress?
In this election season, has Rahul Gandhi’s utterances during the UK tour become a liability for the Congress? Well, the speeches delivered by him at a number of events in London have been a flashpoint between the BJP and the Congress and have led to the stalling of the Parliament for the 7th day in a row during the Budget Session. Rahul may have asserted that criticizing PM Modi or his government is not an “attack on India”, but party sources admit that his Cambridge speech where he spoke about “democracy in India” is under attack has not been liked by people at large. In fact, Congress leaders say at a time when the party is in a good position to win the Karnataka assembly elections, Rahul should not be “visible” during the election campaign. “The more Rahul Gandhi campaigns, Congress will stand to lose,” points out a party strategist. There was poor public response to his first rally in Belagavi on March 20 where he announced a series of sops such as Rs 3,000 to every unemployed graduate every month for two years as is done in Chhattisgarh. In contrast to the kind of reception PM Modi recently received in Belagavi, the crowds were simply not enthusiastic about Rahul.  Besides, many in the Congress felt the Chhattisgarh model of unemployment dole cannot hold well in a progressive state like Karnataka where more educated jobless youths will be found.
Bumrah_Shreyas
Vulnerable Backs Of Bumrah And Iyer Push India Back To The Wall!
The back ailment to fast bowler Jasprit Bumrah and middle order bat Shreyas Iyer has affected India’s groundwork for the ICC World Test Championship final to be played at The Oval, London from June 7 to 11. Bumrah has played nine Tests in England and has taken 37 wickets at 26.27, but a surgery in New Zealand to alleviate his nagging back has virtually ruled him out of action for an unspecified period of time. He has not played a Test match and ODI for India since last July and a T20 since last September. Bumrah will not be seen in action in the IPL-16. India is now accustomed to going into a match without Bumrah and everyone is keeping his fingers crossed of his availability for the ICC World Cup in India this October- November. Without him, India’s pace department will only be at half its strength. Iyer’s back problem is much more than a niggle; India’s captain Rohit Sharma pitied Iyer’s plight after the Ahmedabad Test, saying: “Poor guy. It just was such an unfortunate incident.” Iyer had established himself as a key batsman in the middle order and it looked as though he would be in rehab for a long period of time. Insiders say Mumbai’s Sarfaraz Khan will finally make the India squad for the WTC final and for the series in the West Indies.
annamalai_002
Annamalai Will Have To Simmer Down And Continue To Work With EPS and AIADMK
It is being stressed that the Tamil Nadu alliance of the AIADMK and the BJP is intact. The local BJP chief K Annamalai may not think so, but he has been told to lay off from spreading any disaffection in the ties and to be prepared to work with the Edappadi Palaniswami group into the 2024 Lok Sabha polls. This is a decision taken at the highest levels of BJP and is way beyond Annamalai’s status in the party to change anything unless the AIADMK feels it can risk dropping BJP. After defeats in 2019 and 2021, the AIADMK has been tending to blame its loss of vote share on its association with BJP, which doesn’t jell with the voters in Dravidian Tamil Nadu. And the recent bypoll to Erode East was further indication of where voter sentiment lies. Annamalai has been a proactive local chief who has given the party some presence on the ground where he has shown organising ability to gather forces for protests, etc. Yet, it is a far cry for the BJP to go independent in a land that will not openly recognise Hindutva or far-right views. Unless the top two in the BJP decide otherwise, Annamalai will have to buckle down and work with EPS regardless of his personal opinion on the prevalent cash-for-votes brand of politics.
uksInfra
Udayshivakumar Infra: Promoter’s 24-Year Old Daughter Gets Rs 6 Crore Salary Package
There is nothing wrong with newcomers and start-ups tapping the capital market. Take the case of the Davangere-based Udayshivakumar Infra Ltd which has filed a Red Herring Prospectus. It has evolved from a proprietorship firm in August 2002 to a public limited company in September 2022. But, according to the official website of the company (www.uskinfra.com), Udayshivakumar Infra Ltd was incorporated in the year 1995! The prospectus says Udayshivakumar was appointed as the MD of the company for a period of five years with effect from January 1, 2020 but did not draw any remuneration for the fiscals 2021 and 2022. Pursuant to a resolution passed by the board of directors and approved by the shareholders at the AGM held on September 19, 2022, the new terms of remuneration for the MD would certainly raise many eyebrows. The company, whose average annual employee cost was around Rs 3.5 cr during the last three fiscals, has proposed a basic salary of up to Rs 50 lakh per month (Rs 6 cr per annum) with an annual increment of Rs 10 lakh for its promoter-MD besides other perks. But, what’s more baffling is that his 24-year-old daughter Manjushree with experience of just two years as manager with the company, has been promoted as executive director and offered the same level of remuneration as her 53-year old father. Clearly it raises the question of corporate governance. By arrangement with https://investlive.net/.
Uddhav_Rajini
Why Did Superstar Rajini Visit Thackeray’s Home
The buzz around why Superstar Rajinikanth called on the Thackeray family at Matoshree is as audible as crickets chirping in a forest as night falls. It is well-known that intense activity, public profiling, media mentions, are all activated before a Rajini film release, and the legion of crazy (though now disillusioned ) fans lap up every bit and byte. Yes, his upcoming film Jailor’s publicity machine is on overdrive currently with news of mega stars joining the Jailor bandwagon. After all, the focus is that Jailor should overtake Kamal’s Vikram’s box office success, and so every appearance helps. Even a hint that yet another go at politics could set off clanging fan bells. So is Rajini’s alter Shivaji Rao Gaekwad creating more impact by calling on a bruised Uddhav? How easily this could be interpreted as a Marathi Manoos assuring Thackeray of his support! Did Uddhav take the lead? In politics, resurrections and relevance come in many packages. Uddhav needs a big jolt of support. So was the meeting for mutual advantage? Tamil Nadu whispers point to another direction. Rajini, the superstar, is a canny businessman, practical and political. It is well known that much of his huge net worth is invested in Karnataka and Maharashtra real estate and a token invested in TN.  Is he buying insurance to protect his properties because of the sudden clash between Kannadigas and Maharashtrians over the age-old border issue?

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.