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In the wake of escalating face-off between the Chennai-based Tractors and Farm Equipment (TAFE) and its American partner AGCO over the ownership rights of Massey Ferguson in India, a two-member bench of the Madras High Court has stepped in to direct the warring parties to “maintain status quo until the original applications are heard and disposed of by the learned single judge. “For avoidance of doubt, we hasten to add that the observations made herein are tentative and solely intended for the purpose of disposing of these appeals. We have not delved much into the various rival submissions. All rights and contentions are kept open,” the two-member bench said in its order on Monday. The relationship between TAFE, an Amalgamation group company, and AGCO Corporation of the U.S. hit a nasty bump in April last when the AGCO management terminated commercial agreements -– including the one on licensing the Massey Ferguson brand — with TAFE. The Chennai firm quickly got a stay on this from a commercial court. When AGCO subsequently confirmed the termination, TAFE filed a contempt petition in the Chennai commercial court. Separately, TAFE also moved the Madras High Court, asserting its ownership right to Massey Ferguson brand. TAFE had got a favourable interim order from the Madras High Court. TAFE had filed a civil suit before the Madras High Court against Massey Ferguson Corporation, a subsidiary of AGCO, claiming that the said trademarks are distinctive of TAFE in India and exclusively owned by it. It had sought the Madras High Court to declare that TAFE owns the Massey Ferguson brand/trademarks in India. With the HC bench asking both parties to maintain status quo, all eyes are on the upcoming proceeding before the single judge. It is “advantage TAFE” at the moment, however.
With only 12 days remaining for the BCCI Secretary Jay Shah to take charge as independent chairman of the International Cricket Council (ICC), clarity has not emerged as to who would perform the duties of the Secretary from December 1, 2024. First and foremost, election has not been called for the post, and this could be because the BCCI Constitution has adequate provisions for its Joint Secretary to perform the Secretary’s duties. The BCCI Constitution says: “The President shall, in the event of a vacancy or indisposition of an office bearer, delegate the functions to another office-bearer until the vacancy is duly filled up, or the indisposition ceases.” In this case the BCCI President Roger Binny has the right to assign duties to any other office-bearer. Shah who has been the Secretary from 2019 may be allowed a grace period to hand over the work to someone else. Next week is going to be hectic for the ICC to take a call on the format and venues of the ICC Champions Trophy 2025 (Feb-Mar) because the BCCI has conveyed to the ICC that India will not travel to Pakistan. The BCCI, nay Jay Shah, would like to see a finality to the Champions Trophy issue, in particular where India will play before he takes charge of the ICC. If the Champions Trophy has to take place, the Pakistan Cricket Board has to accept a hybrid model with one group (with India in it) playing league matches, most likely in Dubai and keeping the venue of the semi-finals and final, open. The PCB may not be in a position to lose the hosting rights and thereby with it a fee of around $ 70 million!
The ‘Satta Bazaar’ is betting down (dampened market sentiments) over Maha Vikas Aghadi (MVA) forming Maharashtra’s next government. A market player says, “Punters have never been wrong before. Dampened stock market spirits indicate the Mahayuti Alliance is unlikely to win notwithstanding sops galore unleashed by CM Eknath Shinde.” Differing with market pundits, BJP says, “Markets crashed after Foreign Portfolio Investors withdrew Rs 1.25 lakh crore in October (out of total Rs 71 lakh crore total stock investments in India) seeking better pastures after China announced stimulus. FPIs sold Rs 8700 crore stocks in April, Rs 25,600 crore in May then bought Rs 26,600 crore worth in June, Rs 32, 400 crore in July, Rs 7300 crore in August and Rs 57,700 crore in September before the big sell off in October. Already overleveraged NSE slumped, the subdued corporate sector quarterly results after much hype triggered a profit-booking mindset among investors.” Donald Trump’s ascendancy as the next U.S. president (previous tenure witnessed negative bias towards precious metals) bodes badly setting price corrections of gold and silver even as the U.S. dollar firms up, adding to Indian stock market woes. The BJP leader adds, “Maharashtra contributes around 14% to India’s GDP but even when MVA ruled for 2.5 years Modi-nomics ensured high buoyancy on Indian bourses despite stalling of bullet train project, Rs 14,000 crore cost escalation of Metro project.” The market punter, however, cites India’s financial capital Mumbai in Maharashtra that ensures most Indian business gravitates around the state while explaining the gloomy market mood over MVA’s likely win. November 23 will reveal the truth when the political bets are finally called out.
In a massive setback to AAP, Delhi’s transport minister and Jat leader Kailash Gahlot resigned from the party, citing “grave challenges” and “awkward” controversies in a letter to AAP convener Arvind Kejriwal months ahead of Delhi Assembly polls. He has joined the BJP. Gahlot’s exit is well timed in the sense that it comes days before Maharashtra goes to polls. AAP, an INDIA Bloc partner that has no stake in the state polls. But it must be said Gahlot’s exit was something that was in the works for some time now. It is believed that the seeds of discord between Gahlot and the AAP leadership were sown on August 15 over unfurling the national flag during the Delhi Govt’s I-Day celebrations. Delhi CM Arvind Kejriwal, who was in jail on charges linked to the alleged liquor policy scam, had wanted Education Minister Atishi to unfurl the flag. Delhi Lieutenant Governor VK Saxena however felt Gahlot was more suitable for the job as he held the Home Department. Meanwhile, Kejriwal indicated that Gahlot had quit as he was under pressure from the ED and IT. In his resignation letter, Gahlot pointed to how “Political ambitions have overtaken our commitment towards people, leaving many promises unfulfilled”. In an apparent swipe at Kejriwal, he referred to “many embarrassing and awkward controversies like the “Sheeshmahal” — a term used by the BJP to refer to the CM’s residence renovated during Kejriwal’s term costing the exchequer Rs 45 crore.
A major controversy has erupted in Tollywood as over 233 directors from films, TV and independent media have filed a defamation suit against Swarup Biswas, president of the Federation of Cine Technicians and Workers of Eastern India. The Rs 23-crore lawsuit follows Biswas’s contentious remarks alleging rampant sexual harassment in the film industry, with 60% of complaints purportedly against directors and producer-directors. The hearing will take place on January 10. Swarup, the younger brother of Aroop Biswas, Bengal’s Power and Housing Minister and a close aide of chief minister Mamata Banerjee, finds himself at the centre of an unprecedented protest by Tollywood’s creative community. This is, perhaps, the first time that Tollywood has publicly challenged the Federation. Directors and producers have also criticized what they call “red-tapism” and “arbitrary demands” imposed by the Federation, including its control over unit sizes, pay scales, working hours, and technician selection. At the Eastern India Motion Picture Association’s (EIMPA) recent AGM, Swarup Biswas proposed that producers deposit Rs 5 lakh each as security to ensure timely technician payments, citing Rs 50 lakh in pending dues. Producers have outright rejected the demand, questioning the Federation’s accountability and EIMPA’s silence on the matter. Veteran actor-director Aparna Sen has publicly questioned Swarup Biswas’s credentials, asking for proof of his contributions to the industry. Biswas holds an assistant director’s card, which is reportedly issued only to those involved in at least two films. Actor-politician Roopa Ganguly also criticized the Federation, accusing it of politicizing the industry and questioning why filmmakers often seek the CM’s intervention during crises.
If rising onion prices decided the election outcome in many states some decades ago, falling soybean prices could impact the outcome in around 70 assembly constituencies in Maharashtra. Hence, Prime Minister Narendra Modi as well as Congress president Mallikarjun Kharge, representing two ends of the political spectrum, are found promising farmers of much higher rates, but only after they are elected on 20 November. The sensitive constituencies are spread in Marathwada and Vidarbha regions, where cotton and soybean are the main cash crops. The current market rate of Rs 4000 per quintal is unacceptable to the growers though they have no choice but to sell the produce as it can’t be stored for long. The MSP is Rs 4800 but not enough stocks are lifted by the machinery. The ruling saffron alliance has been promising better tariffs. The government hiked the soybean import duty in a bid to jack up the prices but the hike was of only around Rs 400, still leaving a gap of the same amount. Sensing the distress and the government’s inability to make any major announcement, Congress leader Rahul Gandhi has promised Rs 6000 per quintal of the legume. To go a step further, Congress president Mallikarjun Kharge has pledged to pay Rs 7000. Shiv Sena leader Uddhav Thackeray has also joined the chorus. The two regions had by and large supported the opposition Maha Vikas Aghadi during the Lok Sabha election. Hence, Mahayuti leaders are wary of saying anything that can dampen their prospects.
Are the re-runs slowly becoming a revenue model both for producers and exhibitors who have been grappling to bring back the audiences to cinema halls? Diwali turned out to be decent but then again we are gone back to re-release of films. Shah Rukh Khan’s Veer Zara re-release has been appreciated. Rakesh Roshan plans a re-release of Karan Arjun with a huge number of screens after 30 years of its release. This again has Shah Rukh Khan and Salman Khan coming together for the first time on screen. SRK’s Kal Ho Naa Ho and Pardes too are re-releasing in cinemas. Those in the trade feel that re-release of Tumbbad, Rehna Hai Tere Dil Mein and Laila Majnu have given courage to producers to cash on re-runs. The re-runs have stirred both excitement and curiosity. Traditionally, re-releases were reserved for timeless classics, but now more recent films are being revived, prompting questions: Is this trend purely nostalgic, or is there a deeper strategy at play? According to Trade Analyst Saurabh Varma, the re-release phenomenon is benefiting the cinema industry in multiple ways. For producers, re-releasing films is a cost-effective option. The marketing and distribution expenses are far lower than for new releases. Re-releases tap into the large fan bases of iconic films, giving long-time fans a chance to relive their favourite stories on the big screen. Furthermore, these revivals provide a unique opportunity for younger viewers who may have missed these films during their initial release. The combination of nostalgia and iconic music resonates deeply with audiences.
It’s a drivetrain solution provider for windmills and industry applications. Every one out of three drive train products installed across the globe bears the brand name of this one. Truly, this German major has traversed quite a long way and undergone a major metamorphosis in the process. One-and-a-quarter-century-old Bocholt-headquartered Flender has significant presence in India. Not surprisingly, the top management team of Flender was in Chennai a few days ago. The presence of the top honchos was more to reiterate the commitment of Flender to India. After all, it has been in India since 1961. It now has three production sites — one each at Kharagpur (WB), Chennai (TN) and Walajabad (TN). Around 10% of its nearly 9,000 skilled personnel across the globe are housed in India. And, it has been putting more money into this country since 2020. Why not? For one, India is the right choice for all those who are looking for the China Plus One option in the post-Covid era. For another, the focus world-over is now increasingly on sustainable development. The robust ecosystem — the presence of assorted turbine makers and a well-evolved supply chain — according to its India CEO Vinod Shetty, is ideal suited for Flender to aspire for a bigger role in driving energy transition in the country. Indeed, Flender is quietly expanding its India operations for a bigger role in its global game plan.
Tamil film producers and their financial backers are now rethinking this model — big money, big stars, big projects but no guarantee that it will reap profits. So the new strategy…safe and secure than spend thrift and sorry. Can small budget films do big business? A resounding yes to three of 2024s baby budget films that warmed the cockles of producers’ hearts. Three films of this year, Lover, Lubber Pandhu and Vaazhai have pulled in amazing profits and massive margins. Lover’s budget was a mere Rs 5 crore, and plus other expenses added the total cost to Rs 6 crore. Hold your breath! It made a profit of Rs 13 crore. But Lubber Pandhu (Rubber Ball), a title that would have gone unnoticed, made the biggest rake in for Prince Pictures who earned Rs 35 crore in TN gross alone — 300% profit. Vaazhai was no sneeze over either…it brought Rs 12 crore profits in TN. Film making costs and exhibition/promo expenses can zoom up dangerously, and after paying the incredible star salaries, if the film’s overflow is modest, stakeholders have no insurance cover to fall back on. Small is big is fast becoming the new open sesame for Kollywood to stay safe.
Veteran leader Sharad Pawar finds commonality between Vote Jihad and a particular section of the people voting for the BJP. Explaining his stand, the NCP founder said it was seen in Pune that the BJP was consistently supported by a certain segment (read Brahmin) in some areas. We expect this to happen though don’t call it Vote Jihad, he remarked. According to Pawar, if such voting patterns happen, it is the right of every community to vote as per its choice. He again charged that deputy chief minister Devendra Fadnavis had raised the issue of Vote Jihad. Pawar’s jab was directed at those specific areas of Pune where Brahmin population is dominant and mostly BJP candidates are elected from such localities. Time and again, Pawar has been accused of creating the bogey of caste with an eye on electoral gains by engineering a rift between sections of the electorate. In support of his contention, Pawar said slogans like ‘batenge toh katenge also fall in the same category as they have a communal shade. He alleged that the issue has been cropped up by the ruling dispensation as it is desperate at the bleak prospect in the assembly election, after the Lok Sabha rout. Fadanvis had condemned the Vote Jihad philosophy after cleric Sajjan Nomani released a list of the Maha Vikas Aghadi candidates and asked the Muslims to vote for them.
It has taken a magnum opus on Veer Savarkar to put in print a memory that still lives and torments millions: The memory of the 1948 anti-Maharashtrian Brahmin genocide, a “wilfully erased chapter of history.” While writing for his concluding volume on the freedom fighter – Savarkar (Part 2): A Contested Legacy, 1924-1966 – author Vikram Sampath’s crowdsourcing efforts through social media drew an outpouring of tragic personal tales from survivors and descendants of the 1948 pogrom. The book captures how the carnage started from Bombay and Pune before spreading to Nagpur, Satara, Sangli, Miraj, the Patwardhan States, Belgaum, Kolhapur, where thousands of Brahmins were either massacred or their properties destroyed; and most villages in the state were ethnically cleansed of Brahmins. Thanks to laws like the Press Act, the media was silent on it – as it was on the coverage of the Partition Holocaust against Hindus and Sikhs in the newly created Pakistan, and its Kashmir horrors. Washington Post reported on wave of looting, arson and killings; New York Times said how “the communal riots quickly swept Bombay when news of Mr Gandhi’s death was received (January 30, 1948).” The accounts of DP Mishra, home minister of Central Provinces, point to a systematic pogrom against Brahmins and how no FIRs were lodged. Says Sampath: “The tragedy apart, denying its very occurrence makes it a doubly chilling crime.”
August 16, 1946 is mourned by millions as a day of catastrophe: Muhammad Ali Jinnah’s call for Direct Action Day in Kolkata – with the threat of ‘We shall have India divided or India destroyed’ – led to mind-numbing slaughters as bazars and homes were torched, thousands massacred. The carnage also broke the resolve of the secular leaders, who decided to buy peace by conceding to Jinnah’s demand. According to Freedom at Midnight by Dominique Lapierre and Larry Collins: “Mountbatten was haunted by the spectre of Direct Action Day staged in Calcutta in 1946 by the Moslem League in which 26,000 Hindus were killed in 72 hours.” The consequence of the Great Calcutta Killings should have been the arrest and trial of the perpetrators, but it ended up rewarding them: talks accelerated for the creation of West and East Pakistan, which became a nightmarish reality a year later August 14, 1947. Against this traumatic background, West Bengal’s ruling party Trinamool Congress’ idea to celebrate Khela Hobe Divas on Aug 16 is being decried as not only insensitive but also an insult to the memory of those butchered in the savage killings. For BJP Union Minister Dharmendra Pradhan, “Khela Hobe’ was never a poll bugle: it was always a veiled call to the cadres for unleashing stone age barbarism.” TMC has dismissed the public opprobrium as an attempt to spread hatred.
Eagles don’t flock you have to find them one at a time, said Ross Perot, the American billionaire who also ran for the Presidency. And BJP, it seems, is following Perot’s strategy to T. From time to time they have been wooing heavyweight politicians, bureaucrats, film stars and sports personalities into the party fold. The latest news from the BJP HQ: Metro Man E-Sreedharan is likely to join the party and contest elections in the poll-bound Kerala. The BJP has often boasted about its pantheon of crowd pullers and super achievers with clean image. In Tamil Nadu, they had almost succeeded with Superstar Rajnikant but at the eleventh hour he backed out on health grounds. In West Bengal, they are trying to woo yesteryear Superstar Mithun Chakraborty who was nominated to the Rajya Sabha on Trinamool Congress ticket in 2014. But, two years later he stepped down. With elections round the corner, the BJP is not only looking for winning candidates to form the government but also a local hero who will take over as the chief minister. That’s the promise Amit Shah has made to the Bengalis. The guessing game is on as to who will wear the crown.
A very public outrage against misdemeanours by powerful men has received the much-needed judicial support. #MeToo is not some time-barred phenomenon. “The woman has the right to put her grievances at any platform and even after decades,” said Additional Chief Metropolitan Magistrate Ravindra Pandey who acquitted journalist Priya Ramani in the criminal defamation case initiated by the former Union Minister MJ Akbar. The right of reputation cannot be protected at the cost of right to dignity, the Delhi court observed. It will be interesting to see if Akbar’s battery of lawyers – led by Sandeep Kapur of Karanjawala & Co – will challenge the order. But the public opinion is hardening. “Akbar must be made to pay for this,” tweeted civil rights lawyer Prashant Bhushan. #MeToo has still miles to go in India. Experts note how the Supreme Court had upheld Delhi High Court’s acquittal of Peepli Live director Mahmood Farooqui of rape charges on the grounds that a ‘feeble no’ from a friend may have been construed as consent (from a Columbia University researcher, who had come to India on a Fulbright exchange fellowship). The trial court had convicted Farooqui but the decision was overturned by the Delhi High Court. Earlier, #MeToo flagbearer Tanushree Dutta’s allegations against actor Nana Patekar collapsed too with the Mumbai police filing closure for want of evidence.
The ‘Subtext’ hangs in the air long after former Finance Minister P Chidambaram decoded the Text, Pretext, Context & Subtext of the Union Finance Minister Nirmala Sitharaman’s Budget speech 2021-22 at the Rajya Sabha. What’s the text of the speech? He explained: “The text is prosaic, bureaucratic.” What’s the pretext? “The pretext is: we have a pandemic. (Yet) we have supply side measures!” And the context? “The context is a slowing down economy, pushed into a deep recession, minus 10%, thanks to the pandemic — and thanks to incompetent economic management.” He continued: “But, more than the text, more than the pretext, more than the context, what is important is the subtext. The subtext is: this is a Budget prepared for the rich, of the rich and by the rich.” He said the Budget has nothing for: 120 mn people losing jobs; 64 mn dropping out of the labour force, including 22% women; and 35% of MSMEs shut down. Replying to the Budget discussion in Rajya Sabha, Sitharaman put the things in context: “Speaker sir, the former FM is trying to imitate you but he has been a miserable failure in the impact he created unlike you who has created good impact.” Speaker M Venkaiah Naidu is known for his quick one-liners that fill the House Of Elders with laughter.
Arguably, nobody conjures up national slogans as profoundly – or coins acronyms as tellingly — as PM Narendra Modi. The Government’s pantheon of programmes – from Swachh Bharat to Make in India to Startup India and Stand Up India – all bear the signature of the master wordsmith. Many of the acronyms – from SCAM to JAM he popularised continue to endure. Some acronyms are being masterly resurrected – FDI is now ‘Foreign Destructive Ideology.’ And the patriots must now stay away from this FDI, the PM informed while replying to the motion of thanks to the President’s address in the Rajya Sabha. In 2015, the FDI meant ‘First Develop India’, a mission to support the Make in India programme. 2021 onwards, this will mean Transnational or foreign ‘tukde-tukde gang’ that promotes Rihanna tweet-busters, Meena Harris ‘book of Intimidation Monsters, or Greta Thunberg’s Tool-Kit for Dummies that transforms tractor rallies into raging rampage. Another breed of creatures that patriots must guard against are: Andolan-Jeevi (one who feasts on protests), who is actually a par-jeevi, (a parasite) for the nation. His creative masterstroke was in full, sublime display at a time the Opposition sensed they had Modi on the mat over the farmers’ agitation.
“I’m just a phone call away,” said PM Narendra Modi to the agitating farmers, while expressing pain over the vandalisation of Mahatma Gandhi’s statue in the U.S.; and assuring the law will take its own course in the Republic Day Tractor Rally violence that injured about 400 cops in New Delhi. What the government received was a Tweet from Hollywood pop star Rihanna on #farmerprotest: “Why aren’t we talking about this?” Soon, this became a synchronised tweet assault from other international influencers – with Indian celebrities and politicians joining in, taking their own ideological positions. Shouldn’t the government dismiss this tweet-burst as an innocuous thing? They didn’t. Minister of External Affairs Subrahmanyam Jaishankar’s office issued a statement: “Temptation of sensationalist social media hashtags and comments, especially when resorted to by celebrities and others, is neither accurate nor responsible.” Let’s accept that the Globalization of Protest is on the ascendency – while the other real trade Globalization is weakening. With the Big Tech providing megaphones to new Transnational entities and Influencers, the George Floyd protest riots in the U.S. became a massive global BLM campaign. And Turkey President RT Erdogan’s call for a boycott of French goods triggered massive anti-French rallies.
It’s been a year since the coronavirus touched India. It is now rapidly declining, seemingly escaping a second wave unlike the developed world where vaccine rollout has been botched and the healthcare system overwhelmed. India in comparison has done much better for reasons we don’t know. We may even be into herd immunity. There are conjectures but no peer-reviewed scientific papers have emerged yet. That said, the Indian public does not have the full picture about the status of the UK variant of the virus. By mid-January, 150 persons tested positive for the new strain of the virus that the UK prime minister Boris Johnson had described as “more lethal”. Nor do we know much about the South African virus – an altogether different mutant said to be less amenable to the new vaccines developed so far. Have they too stealthily entered India? After the initial announcement of the UK variant spotted in travellers from the UK, nothing is known about the SA variant. All this is discomfiting after the struggle with Covid19 since March last year. — Mahesh Vijapurkar
Why are some people up in arms against Modi government over the implementation of FASTag? According to the reports, the daily toll plaza collection via FASTag — 615 plazas of NHAI and 100 toll plazas of State highways – is nearly Rs 93-100 crore per day in January 2021 compared to around Rs 65-68 crore a year ago. Roughly this works out to Rs 25 crore leakage every day or Rs 750 crore per month or nearly Rs 9,000 crore per year. That’s big money which is being siphoned off the system and ending in the pockets of the corrupt officials and politicians. Effectively FASTag has blocked one more avenue to make black money. In the other move, the Modi government’s implementation of faceless tax scrutiny would leave some of the corrupted tax officials high and dry. This ill-gotten wealth is what pushes the real estate prices up in the metros. Earlier, the Direct Benefit Transfer for 450 government schemes saw the government plugging leakage to the tune of Rs 153,000 crore. Net, net more money in the government coffers. Clearly it is the Government At Work.
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.