Showing posts with label India. Show all posts
Showing posts with label India. Show all posts
Saturday, August 28, 2010
Monday, August 23, 2010
'Jawaharlal, do you want Kashmir, |
Sunday, August 22, 2010
The Poor Rich Indian MP
MPs IN GENERAL are rich, endowed by flourishing business interests or hereditary handovers. The Association for Democratic Reforms, an NGO that works towards strengthening democracy and governance, says there are 315 crorepatis — persons whose net worth exceeds 1 crore — in the 543-member Lok Sabha. Further, the average asset holding of the members of the Lower House is 5.33 crore. Mind you, this is just the calculation based on disclosed assets, which are often not exhaustive —or even, the colour of the majority of assets — that MPs own. Whatever the party or state, barring some exceptions, the prevalence of wealth among MPs is universal.
Crorepati MPs: By party Wealth is not the preserve of candidates from a certain party. Seven of 10 MPs from the Congress are crorepatis. As is every second BJP MP. The two parties whose candidates show a lower disposition towards declared wealth are both based in Bengal: the CPI (M) and the Trinamool
Crorepati MPs: State-wise There seems to be some correlation between the prosperity of a state and the prosperity of its representatives. At one end, all the MPs from Punjab are crorepatis. At the other, the Communist states – Kerala and West Bengal – show the lowest presence of crorepati MPs
Average assets per MP of various parties Regional parties occupy both ends of the wealth continuum. Some of them have extremely wealthy MPs, some of them not so much. Among national parties, the average assets of a BJP MP are nearly half that of a Congress MP
Average assets per MP from various states It’s a big divide: the average declared assets across states varies from 12 lakh (Andaman & Nicobar) to Rs 18 crore (Haryana). MPs from north-eastern states have the lowest declared wealth
Tuesday, August 17, 2010
10 reasons why Mera Bharat is not quite Mahaan
By churumuriYet another Independence Day (August 15) has come and gone with a culturally bankrupt English movie channel actually having the absence of mind to show a film titled Independence Day (July 4).
And, yet another independence day has come and gone with a linguistically challenged and militaristically inclined Kannada news channel, a) airing Hindi desha bhakti geethe as if patriotism doesn’t lend itself to the local language, and b) saluting soldiers as if the Indian army had a secret role to play in securing freedom.
And, yet another independence day has come and gone with A.R. Rehman‘s Vande Mataram putting up an increasingly weak show against A.R. Rehman‘s Jai Ho.
Nevertheless, as word after vacuous word flowed from corrupt leaders and crooked bureaucrats, as they have for 63 years before, SUJATA RAJPAL lists ten reasons why all this patriotic bullshit leaves her stone cold.
And why, despite independence, she admires, well, the West:
1) If you misuse public money, you can’t get away scot free, regardless of who you are or who you are related to or who you know in the echelons of power.2) If you have a grudge against a public servant, you know how to seek redress. And you know you will get it, regardless of who she is or who she is related to.3) You are held accountable for what you do irresepctive of who you are or what strings you pull or what ever you can do to hush it all up.4) The CEO’s kid and the cleaning lady’s children go to the same school, learn the same lessons and have an equal opportunity when they step out in the real world.5) There is no caste column in the school application forms or in the company service records. And it is not the yardstick with which someone gauges you and treats you.6) No one looks down upon you if you don’t speak their language. Or no one looks up at you if you speak a language “superior” than theirs.7) Religion is a personal question like one’s age and salary. It is certainly not the USP of political parties to ride to power or pull someone down.8) You don’t have to answer ‘where is your native?’ from even a bank clerk just because you look different. And get treated differently as a result.9) Your single status does not worry your colleagues, neighbours or their visiting relatives. And your sexual prowess is not a mater of public debate.10) You will not die from the bite of a street dog. Or from a passing mosquito. Or from a little insect in yoursoppu.
Sunday, August 15, 2010
Thursday, April 1, 2010
ESSAY
Cricket booms in India
A big hit
The Indian Premier League is raking in money but its teams are not
Mar 25th 2010 | DELHI | From The Economist print edition
FOR cricket connoisseurs, the Indian Premier League, a six-week contest involving a shortened version of the game known as Twenty20, is horribly crass. With the onus on fast scoring, the world’s best batsmen are encouraged to swipe at every ball, inducing a monotonous sort of thrill, not unlike what the IPL’s European cheerleaders achieve with sparkly miniskirts and pompoms. Cricket punters, needless to say, love it, and the IPL, which recently began its third six-week season, is booming. On March 21st two new IPL teams were sold at auction for a total of $703m (32 billion rupees), only slightly less than all eight existing teams sold for two years ago, when the IPL was launched.
For Lalit Modi, the IPL’s boss, this showed it was “recession-proof”. No kidding. Mr Modi has brought previously unimagined riches to a sport that was until recently managed amateurishly in India and elsewhere. Having sold the main broadcasting rights to the contest for 82 billion rupees, he has hawked it widely—striking recent deals with, among others, Google, to broadcast IPL matches on YouTube, and Britain’s ITV. According to Brand Finance, a consultancy, the IPL is worth over $4 billion, double its valuation of a year ago.
ITV must be pleased. In Britain, the birthplace of cricket, nearly half a million people watched the IPL’s opening game on March 12th—easily more than peak viewership for an ongoing Test-match series between the English and Bangladeshi national teams, which admittedly is only being broadcast on a pay-TV channel.
Yet this is small beer by comparison with Indian audiences. According to TAM, India’s television-ratings agency, 42m Indians watched the league’s opening game, in which the Kolkata Knight Riders, a team part-owned by Shah Rukh Khan, a Bollywood star, biffed the Deccan Chargers. In its inaugural season, the IPL took four games to accumulate 50m viewers; this year it took only two.
For advertisers, the IPL’s fans in India are an especially enticing crowd, with around 45% of them free-spending 15-35 year-olds. An early breakdown for the current season also shows a significant hike in the number of women watching, to around 38% of the total audience. These figures indicate an unparalleled opportunity to get into the heads of India’s vast and growing middle class. By contrast, the opening match of the hockey world cup, the premier tournament for what is arguably India’s second-favourite sport, drew only 8m viewers last month—though it was held in Delhi and pitted India’s team against its Pakistani archrival.
Hence the hot bidding for the two new IPL teams, or “franchises”. Sahara, a conglomerate that is also a leading sponsor of India’s national cricket team, will pay $370m for a team it will set up in the western city of Pune; Rendez Vous Sports, a consortium, will pay $333m for a team in southern Kochi.
Even Mr Modi said he was surprised by these sums. But he pointed to an impressive business model. Franchise owners pay the IPL for their teams in ten annual instalments. In return they receive a big slice of its broadcast and sponsorship revenues. According to Mr Modi, the second of these payments already exceeds the first, two years ahead of schedule. That leaves players’ salaries, capped at around $7.5m a year, as the owners’ main expense, which they may try to recoup through ticket sales and team sponsorship. According to Mr Modi, “They should all be making money.”
Most are not, however. To be profitable, according to Ness Wadia, co-owner of the lossmaking Kings XI Punjab team, it is “critical” to build a loyal fan-base. This was always an uncertain undertaking, given negligible interest in India’s pre-existing state-based cricket contest. And it was made more difficult last year, when the tournament was abruptly shifted to South Africa for security reasons. To fill its ground in Mohali, Mr Wadia’s team currently gives away around a quarter of the tickets. “I’m very gung-ho about the IPL,” he says. “But we need to ensure the fundamentals are better inculcated.”
The profitable Knight Riders, tirelessly promoted by Mr Khan, show that this can be done. For several big industrialists who own teams, meanwhile, the value of associating their firms with the IPL may compensate for their teams’ losses. Most notably, Vijay Mallya’s UB Group, India’s biggest brewer, is forbidden by law to advertise its alcoholic beverages. But it has named its team, Royal Challengers Bangalore, after one of its brands of whisky.
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