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Gold is all about safety and it appears that presently the geo-political situation seems to be at status-quo with a possibility that things may improve. Customs duty is something which can spook prices but with the cut in duties earlier this year, even that event is currently ruled out. Rupee depreciation has happened over the last few months, but further sharp downside may be difficult. Sensex is a reflection of the economy and though we seem to be having a tough time it’s still at a level where we are better than most large economies. Other than crude oil and edible oil, we are a fairly self-consuming country. Markets have done well with the Sensex gaining about 10% in the year to hover around 78,000 points while gold rose by 22% to Rs 76,000. This includes the gains on account of the reduction in customs duty. Knowing our humongous capacity for buying and storing gold, to expect that prices would move by another 31% in calendar year 2025 and touch the Rs100,000 mark look most unlikely. In the same breath, expecting Sensex to move 26% and touch 100,000 points either is also tough. Foreign Portfolio Investment or FPI selling, valuations at elevated levels even though they have softened is still expecting too much. I believe the expectation that the race to touch 1 lakh for gold or 100,000 points for Sensex is unlikely to happen in the coming 12 months. Both gold and Sensex are more likely to touch the 1-lakh mark in the calendar year 2026. Is there a tilt towards one of the two? Yes. The shine and lure of gold is much more than equity even though over the last four years equity investors have grown over four times.
Jay Shah has taken charge as Chair of the International Cricket Council (ICC) leaving the Secretary’s post to be filled at a special general meeting and election on January 12. The BCCI’s president, a distinguished former cricketer and 1983 World Cup-winning star, Roger Binny deputed Jt Secretary, Devajit Saikia to carry out the duties of the Secretary till the time the election process is completed. Meanwhile another vacancy in the BCCI was created when its Treasurer Ashish Shelar was chosen in the Maharashtra State Cabinet. According to the BCCI Constitution, ministers are barred from holding any position in the BCCI/State set up. So the election process has been called for by the electoral officer. The 34 representatives of the voting members have been announced with no representatives from the Railways, Services and All India Universities. The nominations for the two posts will be known on January 4, the last day to file the papers. Which means the future Secretary and Treasurer will be known on January 4 itself because only those who have the blessings of the powers that be will have filed the necessary documents. Assam’s Saikia who is also on the ICC Board may be continued till the next AGM and election in September 2025. The grapevine is telling the cricket world that Mumbai Cricket Association Vice President Sanjay Naik has a good chance of becoming the Treasurer. Naik is known to be close to the outgoing Treasurer Shelar. Naik will complete six years together at the MCA and BCCI (should he become the BCCI Treasurer) next September and will run into a cooling off period of three years.
Make in India, as a concept, cannot be simply wished away in a country with a population of over 140 crore. Not surprisingly, Prime Minister Narendra Modi is leading the push and leaving no stone unturned in convincing overseas companies to make in India to address the domestic needs and also satiate the global demand. This, no doubt, requires a holistic approach. But this one move appears to be a self-defeating exercise. Or how else could one describe this? Well, an exercise is believed to be quietly under way to issue BIS (Bureau of Indian Standards) certificates to overseas manufacturing facilities of multinationals which intend to sell their branded iconic products in India. Clearly, it is an oxymoron exercise. On the one hand, there is a high-level intention to entice people to set up shops in India. On the other hand, there is a liberal approach to issuing BIS certificates for overseas facilities of companies which intend to make their iconic brands in India. If they could get a BIS certificate for their overseas plants, why would they think of setting up shops in India either on their own or through collaborations? Even as the owners of big brands are pushing hard to get a BIS tag for their facilities abroad, the Indian industries such as footwear and others are feeling somewhat fidgety. Well, the government machinery appears to be working at a cross-purpose.
“From tomorrow onwards until the DMK is removed from power, I will not wear any footwear”…the unique protest by Tamil Nadu BJP president K Annamalai of flogging himself six times on December 27 and vowing not to wear footwear until the ruling DMK is removed from power is being largely viewed in BJP circles more as a pressure tactic to continue him as state BJP chief rather than pose any threat to Stalin government or seriously take up the issue of sexual assault of a student inside a campus in Anna University, Chennai. Already the Madras HC is seized of the matter. Standing shirtless in a green veshti outside his Coimbatore residence, Annamalai whipped himself before a crowd of BJP supporters. He claimed that it was the first of his acts of “atonement” for the DMK government’s inefficiency in the Anna University sexual assault case, in which a man identified as Gnanasekaran is accused of sexually assaulting a student and attacking her male friend on December 23. Gnanasekaran was arrested the next day and soon, allegations of his links to the DMK emerged as several pictures of him with party functionaries were posted on social media. Incidentally Annamalai’s self-flagellation drama hasn’t gone down well with BJP central leadership particularly Home Minister Amit Shah who feels there should be a new face to lead TN. Annamalai’s tough stand against AIADMK and fellow Gounder Edappadi K Palaniswami have not helped the BJP. Lok Sabha elections in the state were disastrous when the party went solo. BJP sources feel if the party must grow in TN it must have an alliance with AIADMK and feel Annamalai will have to be eased out before 2026 assembly polls.
The year 2024 belonged to the horror comedy genre and the South Cinema which helped box office get respectable numbers. Trade analysts says 2024 will go down as one where horror films emerged as the unlikely saviors of Bollywood. With movies like Shaitaan, Munjya, Stree 2 and Bhool Bhulaiyaa 3 collectively raking in Rs 1,200 crore — almost 50% of the year’s total box office collections — the genre proved its mettle in a challenging year for the industry. Prabhas and Allu Arjun films including some south films dominated the box office and it does seem like a trend that will go into 2025. `While the South Indian blockbusters Kalki and Pushpa 2 dominated the Hindi belt, Bollywood struggled to deliver consistent hits. The absence of the Khans from the big screen was conspicuous and some highly anticipated films like Bade Miyan Chote Miyan, Maidaan, Sarfira, Vedaa and Jigra fell short of expectations. Some of the big stars like Askhay Kumar, Ajay Devgn, Tiger Shroff, Alia Bhatt failed miserably at the box office clearly indicating that you cannot take your audience for granted. The Khans absence was clearly felt at the box office. However, the year wasn’t without its surprises. Films like Munjya, Crew and Madgaon Express turned out to be unexpected crowd-pleasers, providing a glimmer of hope amidst the gloom.
Senior BJP leader Ravindra Chavan’s anointment as the next possible Maharashtra BJP president has sent warning signals for the supporters of deputy chief minister Eknath Shinde, once again indicating internecine power play within the ruling Mahayuti alliance. Chavan’s name has been announced as the state in-charge by outgoing president Chandrashekhar Bawankule. The reshuffle was expected ever since Chavan was not included in the cabinet while Bawankule was asked to contest the assembly election which he has won. Chavan was a minister in the previous Shinde government, holding the public works department, considered a prominent position in the state hierarchy. The tussle between Shinde and Chavan is based in Thane district from which both have been getting elected time and again. In the recent assembly election, the BJP bagged nine seats while Shinde’s Shiv Sena won six. Chavan’s contribution in this handsome victory was lauded by chief minister Devendra Fadnavis by visiting Thane for a party function. This gesture has made Shinde’s supporters jittery since local body elections are expected to be held in the near future. Thane has always remained a matter of tension between the Sena and the BJP, from the days of Balasaheb Thackeray. So far, Shinde has prevailed but the assembly results have changed the picture. Chavan was elected to the assembly for the first time in 2009. Under his tutelage, the BJP has been performing well in the district. A formal announcement about Chavan’s appointment as state BJP chief is expected soon.
For Tamils, Pongal is the height of inviting prosperity into homes. It is also the time when wallets are thrown open generously for entertainment, especially movies. So along with the controversial Jallikattu (Bull taming), families eagerly await new film releases. This Pongal Ajith Kumar and his much delayed Vidaamuyarchi is the film that all his adoring fans are eagerly waiting for. Already, much news was aired about Ajith’s illness, the stop-start shooting schedules in Azerbaijan and the many challenges that director Magizh Thirumeni had to face in completing this film. With the ravishing Trisha as his co-star, recent first look pictures have been praised sky high…Arjun, and Regina Cassandra are also in the film which has been already snapped up by Netflix after its cinema run. At November end, Lyca Productions aired a silent teaser video, in which a trim, suited and booted Ajith and a slim and svelte Trisha hit the high notes, hand in hand. With his overwhelming competitor, Vijay out of the film world, the often acrimonious and acerbic competition for biggest following of both, no longer exists. Yes, outsider Sivakarthikeyan has gained huge strides after his rocking performance in Amaran and Ajith could be back again on that treadmill. But Ajit has a unique fan following for his suave looks, underplayed roles and a sophisticated aura no other South star has touched. Suddenly, out of the blue, director Aadik Ravichandran aired some first looks of another Ajith film, Good, Bad and Ugly. Serendipity…cheap copy of that classic Clint Eastwood cult spaghetti Western? Can Ajith pull off a hit with this and make it a double treat for Pongal?
The Maharashtra state assembly elections gained BJP 132 elected MLAs out of 288 in the legislature and yet, some of its candidates lost out after contesting on tickets from alliance partners Shiv Sena and NCP. What does the future portend for them and will they rejoin BJP? BJP sources reveal the leaders so loaned out never resigned their parent party membership at all. Assembly elections witnessed chief minister Devendra Fadnavis, the Maha Chanakya, micro-managing not just candidatures for 148 seats his party contested but also fielding nine BJP leaders to contest from deputy CM Eknath Shinde’s Shiv Sena and five from deputy CM Ajit Pawar’s NCP. Over 19 BJP leaders were fielded, some even as independent candidates, to upset the apple cart of the Maha Vikas Aghadi. Unfortunately, BJP leaders like Santosh Shetty contesting from Bhiwandi, Ajit Pingle from Dharashiv, Shaina NC from Mumbadevi lost the electoral battle as Shiv Sena candidates and must contemplate their political future seriously. They were loaned out to alliance partners for the express purpose of impacting election results in favour of the Mahayuti alliance. It is clear Shaina NC performed creditably from south Mumbai’s Mumbadevi assembly constituency securing over 40,000 voter ayes in her favour despite over 55% of voters comprising minority community members who single-mindedly voted Congress’ Amin Patel (since 2009). Shaina and other BJP leaders who contested from different alliance parties continue to be BJP members, however, the problem of plenty that the BJP now enjoys will lead to a lot of jostling for space within the party.
Nationalist Congress Party (Sharad Pawar) MLA Uttam Jankar has made a sensational allegation regarding the recent assembly election results in Maharashtra. After calling on Pawar in Baramati on Sunday, Jankar said the Mahayuti alliance had won just 107 seats in the 288-member house though the official results have placed the number at 237. Jankar had shot to fame recently when he had announced a ballot paper voting in Markadwadi village in his Malshiras assembly constituency in Solapur district. The move was abandoned after it was disallowed by the authorities, deploying massive police bandobast. Undeterred, Jankar has reiterated his suspicion of the EVMs and has warned that he will take up the issue with the EC, Pawar and Congress leader Rahul Gandhi. The objections against the EVMs have been repeatedly rejected by the EC and the Supreme Court. Pawar himself and his daughter Supriya Sule, MP, have desisted from making any adverse observations about the election process. Still, certain INDIA bloc leaders persist in raking up the issue. Jankar has created sensation by charging that rival NCP’s leader Ajit Pawar had lost the election from the prestigious Baramati constituency in actuality but was declared elected by the EC by a thumping margin. Jankar said the results in nearly 150 constituencies were open to such suspicions. He demanded that the VVPAT slips should be given to the voter for dropping into the ballot box and should not drop automatically.
For the Congress that was faulting the government on not earmarking space for a memorial for PM Dr Manmohan Singh who had passed away on December 26, nothing could have come more as an embarrassment than LoP in the Lok Sabha Rahul Gandhi slipping out of the country for New Year even as the nation mourns Dr Singh’s demise. “While the country is mourning ex-PM Dr Manmohan Singh’s demise (for a week until Jan 1), Rahul Gandhi has flown to Vietnam to ring in the New Year. Rahul Gandhi politicised and exploited Dr Singh’s death for his expedient politics but his contempt for him is unmissable. The Gandhis and the Congress hate the Sikhs. Never forget that Indira Gandhi desecrated the Darbar Sahib,” posted BJP’s Amit Malviya. However, before jetting off on his holiday, Rahul was caught giving homilies about how “the first PM of the Sikh community” had been totally insulted by the present government by performing his last rites at the Nigambodh Ghat. The BJP attacked the Gandhis for not being with the family to collect the ashes. As for Gandhis not being present to collect the ashes, the excuse was they wanted Singh’s family to have some privacy. A defensive Congress described Rahul’s visit to Vietnam as his private visit and a party MP Manickam Tagore even felt the visit “should not bother BJP”. Meanwhile the government has already conveyed to Dr Singh’s family about building a memorial. It could be either near Kisan Ghat, the memorial of former PM Chaudhary Charan Singh, and Rashtriya Smriti Sthal — a designated spot for the last rites of presidents, vice-presidents and PMs could be allocated for Singh’s memorial. A trust will have to be set up to supervise construction of the memorial.
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....
He is a familiar face on the news channel and it is a pleasure to watch him speaking on Hindutva or any other subject under the sun with such conviction and logic that you have become a convert. His astounding erudition shows. He is scientist, author Anand Ranganathan. In his fifth book, a non-fiction, Hindus In Hindu Rashtra Anand argues why Hindus in India are eighth-class citizens and victims of state-sanctioned apartheid. The eight chapters through which he convincingly argues, embellishes his arguments with facts, figures and events will make any ordinary Hindus angry. He is not rabble rousing; he is merely stating the obvious and that’s bitter for any Hindus to swallow because of our pretensions. He writes that “our Muslim population is 14.2%, in the last eight years, as many as 31.3% of homes under Awaas Yojna, 33% of funds under the Kisaan Samman Nidhi Yojana and 36% of loans under the Mudra Yojana have gone to the Muslims. And Muslim girls who complete their graduation before marriage will get Rs 51,000 under BJP government’s Pradhan Mantri Shadi-Shagun Scheme. More. Waqf is the third-largest landowner in India, after defence and railways. And that Gyanwapi Mosque built atop the grand Kashi Vishwanath Temple is on Waqf land. The Chapters “Celebrating Those Who Killed and Converted Millions of Hindus” and “Places of Worship Act, 1991” make your blood boil. Yes, a false narrative is being spread that Muslims in India are persecuted. Shame. The book is a wake-up call, and Hindus should not wait for another Adi Shankaracharya, Chhatrapati Shivaji Maharaj, Ahilayabai Holkar or Veer Savarkar to do their fighting. Time is now. It is a must read for all Hindus.
They say time flies. How true! Today is our #SecondAnniversary. Two years back at the height of Covid-19 Pandemic when lockdown was the way of life we took a leap of faith and launched Short Post (Jan 28, 2021), the first-of-its-kind website in the country that focuses on Authentic Gossip. The Oxymoron is deliberate. Well, the response has been quite encouraging. That’s what has kept us going. Till date we have posted close to 2000 stories in the areas of Politics, Business, Entertainment and Sports. Each insightful story of around 225 words has been contributed by Senior Editors. There is a sense of satisfaction of creating a new segment in the market – authentic gossip — and in the process creating a brand (in a limited sense), creating demand (readers) and creating supply (writers). Well known advertisers — IDFC FIRST Bank, ICICI Lombard – supported us. And that really boosted our confidence. Thank you!
So here we are raring to go. But, when I look at the media landscape the disruption is indeed fast and furious. Technology is playing a very big role in how content will be consumed. In the past, we have seen how social media has disrupted the media world. Now, everybody is saying the same thing about ChatGPT. It has reached 1 million users in five days. Its scorching pace of growth is indeed frightening and will disrupt the media industry big time. My limited argument is can it do investigative stories, write gossip items using the digital world ecosystem. Unlikely. Clearly, the original content has to be created first — only then can ChatGPT do the magic. That’s what we promise to do – focus on original content.
Before I sign off, I am reminded of an old advertisement of the early sixties: “Avis is only No.2 in rent a cars. So we try harder”. Likewise I can say, we are two years old and we are trying even harder to be relevant to you readers.
Nothing is more powerful than an idea whose time has come, said Victor Hugo a long time ago. I felt likewise. So instead of waiting endlessly for the Covid-19 tide to ebb, I decided to take the plunge and launch www.shortpost.in on January 28, 2021. This website, the first of its kind in the country, focuses only on short ‘Authentic Gossip’. Clearly, content is king more so if it is short & crisp (225 words), as a large section of our society is steadily shifting to digital and mobile space. To achieve this, I was fortunate to muster editorial support of some of the most senior and respected journalists in the country to bring out credible content that involves, stimulates and entertains our highly discerning readers — from across continents. We have so far uploaded close to 1,000 posts covering areas like Business, Politics, Sports, and Entertainment. Yes, today we have crossed an important milestone in our journey – #ShortPostFirstAnniversary — and we are confident many more will follow in keeping with our stated vision – to become a one stop site for authentic gossip. So, what next? With the third wave showing signs of slowing down things can only look better. So as the year rolls by we promise to pack in more punches. Before I sign off I would like to thank our advertiser IDFC FIRST Bank, angel investors Anuradha Verma, Ashish Kakkar and you readers for making this journey possible.
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.