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There are two more Tests to go against New Zealand in the ongoing three-Test series, but like against England — which won the first Test in Hyderabad before losing in Visakhapatnam, Rajkot, Ranchi and Dharamshala — the Rohit Sharma led home team will go to Pune 0-1 with a hope of causing a turnaround from the second Test. India has not lost a Test to New Zealand in 36 years and so the eight wicket defeat will hurt its players. New Zealand’s fast bowlers exposed the Indian batters’ vulnerability against speed and bounce on a pitch that was not really a deck for the fast bowlers. England chose rookie spinners left arm Tom Hartley and off-spinner Shoaib Bashir because of their height and skill and in Bengaluru — where India held a 3-0 record against New Zealand’s tall fast bowlers Tim Southee, Matt Henry and William O’ Rourke — brought down India to 46 in the first inning and took the last seven wickets in the second for a mere 54 runs. India has now lost one Test each to Australia, England and New Zealand at home in the last three years, it will be hard pressed to make the ICC World Test Championship final if it does not win the big points in Pune and Mumbai. Sharma made one mistake upon winning the toss and that was to bat. It has already cost India the first Test and if it does not show innovative ways to take wickets and some spunk while batting in the first inning, it may even face the prospect of going down in the series which will not be good augury travelling to Australia.
Not all is quiet in the Biju Janata Dal (BJD) front, post its election defeat to BJP. Many within BJD put the blame on Naveen Patnaik for his blind faith reposed on his personal assistant VK Pandian, IAS officer from Tamil Nadu cadre. The man who was seen in every photo frame of Naveen Patnaik for over a decade now has gone off the grid post the election debacle. BJD insiders say though Pandian seems largely out of sight but he is not out of the picture. He continues to be Naveen babu’s eyes and ears and stealthily visits Naveen Nivas regularly. On his part, the former Odisha chief minister publicly acknowledged that “Pandian had served the state and party with utmost dedication, efficiency and integrity”. Sources say Pandian is like the late RK Dhawan, Indira Gandhi’s personal secretary, who knows too much and that perhaps explains why Patnaik continues to support him. Not surprisingly, his influence continued and led to more disgruntlement, dissensions and desertion within BJD. BJD’s former five time MP Prasanna Kumar Patasani who joined BJP says BJD has become a divided house because Pandian continues to guide BJD as he has Naveen babu’s protection. Patasani alleges that Pandian advised him not to raise the issue of conferring Bharat Ratna to Naveen’s father late Biju Patnaik in the Parliament earlier. Amidst all this finger pointing exercise many from BJD are crossing over to BJP.
For the first time in recent years, Tollywood has taken the Puja box office by storm in Bengal, outshining twin Bollywood releases. Three Bengali films — Srijit Mukherjee’s Tekka, starring and produced by superstar Dev, Shiboprasad Mukherjee-Nandita Roy’s Bahurupi, and Shastri, featuring veteran actor Mithun Chakraborty and Deboshree Roy—hit theatres on October 8 as a Durga Puja bonanza, and audiences flocked to cinemas, setting a new trend in festive box office dominance. Despite earlier scepticism, due to controversies and online trolls targeting Tollywood actors following the RG Kar incident, the three films delivered big time helping the industry recover from a difficult first half. It has been a tradition of releasing Bengali films during Durga Puja but RG Kar protests forced directors and producers to cancel trailer launches and promotions back in August. This led to disappointing collections for films like Raj Chakraborty’s Babli and Srijit’s Mrinal Sen’s biopic Padatik. The only notable box office success during that period was Prosenjit Chatterjee and Rituparna Sengupta’s 50th film, Ajogyo which crossed Rs 1 crore at national multiplexes. Bahurupi earned over Rs 3 crore in six days. In four days, Tekka achieved over 450 housefull shows making it the highest-grossing Puja release to date of Rs 2.75 crore. Trade analysts expect Tekka to surpass last year’s Puja hit, Dawshom Awbotaar which earned Rs3 crore in 10 days. Meanwhile, Shastri earned over Rs 1 crore. Bollywood’s two major releases Alia Bhatt’s Jigra and Rajkummar Rao’s Vicky Vidya Ka Woo Wala Video earned Rs 2.5 crore each, significantly less than their Bengali counterparts.
If there is one formula for the success of its third term in Haryana that the BJP would most likely use in Maharashtra assembly polls, it would be having a very limited campaign of its star campaigner PM Modi. Unlike the previous strategy of carpet bombing the poll-bound states and Lok Sabha constituencies with Modi’s rallies in the run upto 2024 Lok Sabha polls, the party has begun to restrict the number of Modi’s rallies from Haryana elections. Party sources indicate that PM Modi would not be addressing more than half a dozen rallies and at best such rallies would be spread across different regions in the state. BJP sources pointed out that the CM face for Mahayuti was more or less settled at the Chandigarh NDA CMs meeting when PM Modi asked Maharashtra CM Eknath Shinde to move the resolution lauding the return of the BJP in Haryana for a third term. Shinde was picked for the honour even as Devendra Fadnavis who represents the BJP in Maharashtra was present. Deputy CM Ajit Pawar also attended the Chandigarh meeting. The NDA CMs conclave started immediately after the swearing-in ceremony of Nayab Singh Saini on October 17 in Chandigarh. There were 13 Chief Ministers and 16 deputy CMs belonging to the BJP and other NDA allies in attendance. Besides CMs of Maharashtra and Andhra Pradesh, states like Bihar, Sikkim, Nagaland and Meghalaya had also put in their attendance.
This year’s biggest grosser Stree 2 has found its place in the numbers book as pure entertainment riding a spooky plot. This film’s highlight is Tamannaah Bhatia enticing fans with her Aaj ki Raat item number, bringing in repeat audiences just to see her dance. Her earlier film Jailor item number Noovu kaavalaa is still rocking the audience. Tamannaah has her place as a saleable star who raises no controversies, does her work and moves on. But she may not have realised the deep trouble she was getting into by signing on as Brand ambassador for the Mahadev HPZ Token App, which has now become a legal nightmare for its owner Saurabh Chandrakar. His App and role in the alleged illegal broadcast of the IPL competition has turned into a Rs 5000 crore lawsuit, with Viacom claiming Rs 100 crore loss. Tamannaah is alleged to be part of the promos and events and now the ED is determined to question all those connected with the scam. Travelling to Guwahati with her parents, the ravishing film star was subjected to 5 hours of questioning. It is not known how this captivating lady withstood the ED grilling (or how the ED faced her voltage). But her visit to the famous Mahashakti’s Tantric power temple of Kamakhya, dressed in a white kurta accompanied by her parents, made more news.
National media attention over the Haryana/J&K state assembly elections blindsided the rest of India from political goings on in neighbourhood Punjab. Fully fit CM Bhagwant Mann quietly reshuffled his cabinet of ministers stamping his authority in Punjab notwithstanding changing intra-party dynamics. Chetan Singh Jauramajra with nine portfolios to include Defense Services Welfare, Freedom Fighters, Horticulture, mining and geology, water resources, conservation of soil and water got the pink slip. AAP’s Jalandhar MLA Mohinder Singh Bhagat (who had left AAP for BJP pastures) secured ministership and first three of these portfolios. Another newly inducted Minister Barinder Kumar Goyal got the remaining departments and a place in Punjab’s council of ministers. Another big loser in the political stakes was Anmol Gagan Maan who held Hospitality, Investment Promotion, Labour, Tourism & Cultural Affairs till CM Mann replaced him with another biggie, Tarunpreet Singh Sond allocating to him Gagan Maan’s portfolios and department of industries and commerce as well. In addition to these Sond also takes charge of rural development and panchayat departments that another downsized minister Lalit Singh Bhullar held till September 23. Local Government and Parliamentary Affairs Minister Balkar Singh lost his portfolios but not cabinet rank and will administer the Jails department of Punjab. Ravjot Singh became minister and took over his erstwhile portfolios. Hardeep Singh Mundian is another big new ministerial find for CM Mann and takes charge of housing and urban development (CM held portfolios) along with revenue, rehabilitation and Disaster Management (held by Brahm Shankar Jimpa, who also got the axe. Harjot Singh Bains also found induction as the new Information and Public Relations minister in last month’s reshuffle. Was CM Mann pre-empting a coup? Only time will tell.
Are we driven to autopilot mode? Encircled by artificial intelligence and social networks, it appears that we are pushed into autopilot mode. What is the way out? Mumbai-based Dwarakanath Soundararajan, who promoted Neurosymfony Technologies Ltd, has hit upon a unique solution. A software engineer with deep expertise in web application development and Machine Learning, he has launched a web app that offers much-needed pause — a space for intentional reflection and cultivating a healthy information diet. He has launched www.sphatika.cloud, a structured spiritual journal and deep-thinking web app. It is designed to help one track his/her life’s goals based on yogic principles, specifically the pancha kosha theory, focusing primarily on the Vijnanamaya kosha — The Wisdom Sheath. The app also encourages cultivation of other koshas through spiritual practices. Designed for individuals seeking personal growth and self-awareness, the app serves both as a tool for structured reflection and a guide for pursuing life’s dreams. Its unique blend of spiritual principles and goal-oriented journaling makes it an ideal companion for those who value introspection while striving to achieve tangible results in their lives. Graduated with a Master of Science in Electrical Engineering from University of Texas at San Antonio, Soundararajan is now focused on creating a social network for spiritual health management.
The Bharatiya Janata Party has taken a lead over other major parties by declaring its first list of a hundred candidates for the coming Maharashtra assembly election. The party is expected to contest around 160 seats in the 288-member house. Even as the partners in the opposition Maha Vikas Aghadi have been haggling for their individual share of the seats, the BJP’s decision to come out with the first list is considered strategic. Already preparing for the election immediately after the Lok Sabha election was over, the party machinery is geared up to take on its adversaries. Significantly, the first list has few surprises as almost all the sitting MLAs have been asked to contest. The list is topped by deputy chief minister Devendra Fadnavis. A somewhat surprising nominee is state BJP president Chandrakant Bawankule, who has been accommodated in the legislative council after he was refused the assembly opportunity in 2019. He is considered a loyal follower of Union Minister Nitin Gadkari. A few days ago, there were murmurs that Gadkari’s loyalists were being side lined. Following some such news reports, a meeting between Gadkari and Fadnavis took place. Bawankule’s selection to fight for the assembly is considered as an adjustment. While the BJP candidates have gone into an overdrive, the hopefuls in other parties are still groping in the dark about their future. Their fate will be declared latest by Monday (Oct 21) evening, it is felt.
It is reportedly the fifth busiest airport by passenger traffic and aircraft movements in India. It is also the third busiest airport by international traffic. In 2023–24, it handled over 21 million passengers. Well, the Chennai International Airport is turning out to be hectic by the day. Handling such heavy traffic and facilitating customs processes prove a big challenge for the authorities. Well, the government is quite aware of this. The Ministry of Finance has decided to appoint approved valuers for assessing gold, silver, jewellery and precious stones at Chennai International Airport. It has already come out with a notification inviting nominations for a panel of valuers responsible for assaying and valuing precious items for both accompanied and unaccompanied passengers, as well as for issuing export certificates. The appointed valuers will also handle the valuation of seized or confiscated goods. One of the requirements for appointment is that they should be available at any time. Qualified assayers, valuers or jewellers affiliated with recognized associations are eligible for submitting applications. “The assayer/valuer is required to present himself /herself before any adjudicating authority / appellate authority/ courts to give the evidence/ produce the relevant records, as and when required,” it said. A valuable initiative, it appears!
In an interesting initiative, PM Modi has established a monitoring group chaired by Union Minister Shivraj Singh Chouhan to focus on reviewing the implementation of various schemes announced by him, its budgetary provisions, subordinate legislation, and other critical infrastructure projects. The inaugural meeting of this newly formed group took place on October 18 at the PMO. The meeting saw participation from all secretaries to the GoI, including the Chairman of the Railway Board, who attended in a hybrid format. This group is set to convene monthly at the PMO in South Block. The group has been tasked to examine the announcements made by Modi and also assess projects for which the foundation stone has been laid by him. Besides, Chouhan will also communicate expectations of the PMO to relevant secretaries, especially if any project appears to be lagging or requires inter-ministerial support. Modi was reportedly worried about delays in the implementation of government schemes, highlighting these issues in closed-door meetings with secretaries and senior PMO officials. His proactive approach to governance suggests a commitment to ensuring that all government initiatives are executed in a timely and effective manner. The establishment of this monitoring group is widely interpreted as a response to these concerns. Involving Chouhan with more governance responsibilities also reveals that Modi has more plans for the BJP veteran from Madhya Pradesh than what the RSS envisions for him. The Sangh has been pitching for Chouhan who had a near record run of three plus terms as Madhya Pradesh CM as next BJP chief. With his involvement in both day-to-day administration and global affairs, Modi will surely have his say on who will head the BJP next.
The informal economy in India was estimated at 25.9% in FY16. This has come down to 23.7% in FY23, according to a report by SBI. In absolute terms, about Rs 26 lakh crore was formalised between FY16 and FY23. India has indeed been the number one country in the world in terms of digitalization. Today, street vendors in tier-3 and -4 cities too are using BHIM, PayTM, GPay and the like. Yet,a number of unorganized sectors are still making payments via cash. What is surprising, however, is that the so-called elite professionals comprising doctors, lawyers and chartered accountants continue to take recourse to cash transactions. The hospital market in India is expected to achieve a revenue of $ 126 billion in 2024, according to Statista market research. This number is anticipated to touch $162 billion by 2029.It is expected to grow annually at 5%. Doctors’ consultancy fees are usually received in cash. The consultancy fee ranges from 10 to 25%. Estimates suggest that the doctors’ consultancy fees work out to $ 12 billion. There are elite professionals such as advocates, chartered accountants and the like who too have a cash component to their receivables. There are also other professionals in the informal sector such as plumbers, electricians et al who are paid in cash. The electrical and plumbing services market is nearly $ 5 billion and expected to grow 25% in 5 years. A fourth of the economy is still outside the formal system. What will be the efficacy of policies pursued by the Reserve Bank based on three-fourth of the data? Insufficient numbers aside, the quality of data hasn’t done much to help the cause of RBI. Many governors of the past have complained about this. Well, the solution lies in fast-tracking the formalisation.
A consolidation of hectic kind is sweeping the Indian cement field with the Adanis and UltraTech Cement of Aditya Birla Group engaging in a no–holds–barred acquisition binge. The cement industry, perhaps, is moving away from distributed production to concentrated production. The churning is indeed a part of a dynamic process. The change, however, pushes the system down the memory lane, it appears. In former times, the IT industry had a lot of ERP companies such as Oracle, JD Edwards, Peoplesoft, BaaN, SAP and the like. Similarly, the CRM space had plenty of players like Vantive, Seibel et al. In the first decade of this century, a shift had happened in ERP space. Peoplesoft first took over JD Edwards. Then, Oracle acquired Peoplesoft. Later, Oracle came out with a blended ERP which had the features of Peoplesoft and JD Edwards. SAP, in the meanwhile, had taken over Siebel CRM. The competition now is between two giants –– Oracle and SAP. This is a far cry from the days when the ERP space had a host of small as well as big players. Indeed, change is the name of the game. Forget the adage “small is beautiful”. Big is the in thing today. How will the emerging new normal play out in the larger economy? Well, time alone will answer this.
The name of the game is marketing. The cinema business is all about hard-selling. The Indian II, a Kamal Haasan-starrer, is reportedly raking good collections at the Box Office despite a mixed review. That’s good news, no doubt, for the tinsel world. Is there a way to discover the exact collection? That could give a clue or two to the real appetite for a good movie. Well, the way forward is to go digital completely. Why not ticket sales be done only through online? For one, that could avoid the serpentine queue in front of the theatres to buy tickets. For another, it could provide visibility to stakeholders across the canvass on the revenue flow. That will go a long way in helping to devise a proper policy prescription to the cinema industry. An influential part of the cinema business is still not fully on-boarded into the formal system. Oftentimes, one is not sure if there is meaningful correlation between attendance at theatres and box office collections. Are we seeing the old style of accounting in the tinsel world? If the Railways could successfully run an online catering service to train travellers, why can’t a similar system be encouraged for sale of snacks and beverages at cinema theatres? The cinema industry has traversed quite long from a totally unorganised existence in the past. If the tinsel world is integrated into the formal system in every way, it will do a world of good to the industry, in general, and the national economy, in particular, if. That is easier said than done,however.
Do you remember Parry, Nutrine and Ravalgon? For many decades, they were dominating the Indian toffee and candy industry. Many smaller firms producing unbranded candy and toffee, too, co-existed with them. But these big names have long become forgotten brands. The minor ones have also fallen into the pages of history. A combination of factors has appeared to have accelerated the consignment of these brands to distant memory. For one, the industry itself has undergone a metamorphosis. For another, the advent of digitisation too has pushed them to near oblivion. Digital payments have become popular, and every vendor of assorted sort is happily accepting the digital payment of even the tiny sum. Time was when toffees and candy proved useful for the vendors who did not have `small change’ to return the buyers the balance money. Toffees and candy came in handy for vendors who used to offer them in lieu of tiny change to make the balance payment for the buyers. The advent of digital payments changed the whole dynamics surrounding the toffee and candy business since the vendors don’t need to stock them to offset the shortage of ‘tiny change’. Also, in the emerging modern world, the consumption habits of people at the bottom of the pyramid too have changed. If change has brought in transformation at a larger level, it has also caused huge damage at a different level. That has turned bitter for some, at least!
Artificial Intelligence (AI) is changing the entire environment upside down. Globally, AI has created a big dent in sectors, especially involving people. The AI-led disruption is bound to have reverberations across the industrial canvass. Given this, the coalition government led by PM Narendra Modi has an onerous task on hand. The MSME (micro, small and medium enterprises) is already at the edge in the wake of technological advancements caused by AI and the like. With the proverbial sword hanging over the heads of job-goers, a sense of uncertainty is fast spreading among the working class. Given this, the expectations are that the Modi government will give priority to MSMEs to boost jobs. Given the fast-evolving AI-led scene, a lop-sided focus on the service sector will do no good to the employment ecosystem in the country. Coming as it did against this backdrop, the allocation of the MSME portfolio Jitan Ram Manjhi, 79, has come as a big surprise. Top sources in MSMEs aren’t quite sure of the way ahead for them. What MSMEs require at the moment is a fresh mind, new vigour and right incentive to prevent them from slipping into the pages of history. An existential crisis of serious nature caused by metamorphosis in tech space is worrying the MSMEs. Is New Delhi listening?
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.