In a way, February 20, 2008, marked another milestone in the history of this great gentleman’s game. It marked the entry of 
the glamour brigade – the movers and shakers from Mumbai’s suburbia, who were seen shopping aggressively for players to brighten their bouquets. In fact, superstar Shahrukh Khan, co-owner of the Calcutta franchise, even appointed music duo Vishal and Shekhar to come up with an uplifting anthem for his team. “There’s a lot of glamour in there, along with business acumen,” said Tim Wright, Senior Vice President at IMG, the group that manages IPL. “The franchises have undertaken consultation services from across the world, and there is a sound strategy behind the bidding so that they can zero in on the players of their choice.”
It was, however, also a day of reckoning as we realised the changing face of Indian – and world – cricket. As many disagreed whole heartedly with the fish market-like environment that’s visible in Indian cricket stadiums, Bindra argued that the sharp rise in the game’s entertainment value brings in the extra money. For once, Business and Bollywood had joined hands with cricket. He called it the second-most important day in the game’s history after 1994, when it was freed “from the clutches of (the state-owned) Doordarshan’s monopoly.”
“Cricket is a religion and, therefore, anything associated with it will gain value,” said Sanjay Roy on behalf of DLF, the league’s principal sponsors which has coughed up Rs.200 crore to BCCI to attach its name to IPL’s logo. All in all, the bidding of IPL did create history. It’s excitement for most, while nostalgia for many who can see the old ways disappearing. But whatever one feels, it’s clear that the game of cricket will change forever. IPL and ICL, like the Twenty20 format, will do for cricket what Kerry Packer did, when he completely commercialised cricket. In some years, India may have its own Manchester United, Arsenal and Chelsea. Obviously, there will no dearth of fans in India.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
the glamour brigade – the movers and shakers from Mumbai’s suburbia, who were seen shopping aggressively for players to brighten their bouquets. In fact, superstar Shahrukh Khan, co-owner of the Calcutta franchise, even appointed music duo Vishal and Shekhar to come up with an uplifting anthem for his team. “There’s a lot of glamour in there, along with business acumen,” said Tim Wright, Senior Vice President at IMG, the group that manages IPL. “The franchises have undertaken consultation services from across the world, and there is a sound strategy behind the bidding so that they can zero in on the players of their choice.”It was, however, also a day of reckoning as we realised the changing face of Indian – and world – cricket. As many disagreed whole heartedly with the fish market-like environment that’s visible in Indian cricket stadiums, Bindra argued that the sharp rise in the game’s entertainment value brings in the extra money. For once, Business and Bollywood had joined hands with cricket. He called it the second-most important day in the game’s history after 1994, when it was freed “from the clutches of (the state-owned) Doordarshan’s monopoly.”
“Cricket is a religion and, therefore, anything associated with it will gain value,” said Sanjay Roy on behalf of DLF, the league’s principal sponsors which has coughed up Rs.200 crore to BCCI to attach its name to IPL’s logo. All in all, the bidding of IPL did create history. It’s excitement for most, while nostalgia for many who can see the old ways disappearing. But whatever one feels, it’s clear that the game of cricket will change forever. IPL and ICL, like the Twenty20 format, will do for cricket what Kerry Packer did, when he completely commercialised cricket. In some years, India may have its own Manchester United, Arsenal and Chelsea. Obviously, there will no dearth of fans in India.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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experts, associated with the CIA of America tried their level best to assassinate the man. Well, before the fanatic Christian evangelist Pat Robertson asked for the head of Hugo Chavez (for his effrontery in declaring Uncle Sam as the public enemy No. 1 of Venezuela), Americans wanted this man, dead. He is none other than Dr. Fidel Alejandro Castro Ruz, the scarlet pimpernel of the Red Revolution, who has defied mighty America for over five decades. Castro is intimately linked with the mystique of the poster boy of revolution-Che Guevara. Hounded by ill health, Castro has finally announced his retirement.
performance based budgeting. It is a unique and most advanced way of budgeting, in which the ultimate goal of policy makers becomes a set of performance factors – and developing strategies to achieve them. There are three pillars of this form of budgeting, which are often called 3E! Economy: focusing on cost of inputs with appropriate quality and quantity of financial, human resources. Efficiency: evaluating the relation between output and input. Effectiveness: what is the extent to which goals have been achieved. The speciality of performance budgeting is that it sets up targets to be achieved, comparing the country with the international arena using a few key performance indicators (KPIs) to relate performance with available resources; added to this is the performance scorecard approach, where KPIs are examined and the connections between causes and effects are established.
The answer appears to be straightforward No. Last week HDFC – India’s largest mortgager, decided to cut lending rates citing ‘improved operational efficiency and good quality portfolio’ as the main reason; by the way, just for your knowledge, this was the first rate cut since 2003!
the fag end of 2007 are beginning to spread, engulfing developed & developing economies across the globe. The all pervasive dollar decline coupled with food shortages across the globe are the chief causes of concern in the recently released Global Risk Report 2008, released ahead of the ongoing World Economic Form summit. “The discussions in Davos will certainly be dominated by the economic challenges we have at the moment,” says Klaus Schwab, the founder of the Davos forum.
blames this sudden Sensex fall on the imminent American recession? Yes, the news about the US slowdown had been filtering in since the past one year. But that was only a ‘slowdown’. Factually speaking, it was only on January 9, 2008, when for the first time ever in recent past, a most reputed securities firm [Goldman Sachs (GS)] shouted across fears of a possible ‘recession’ in the US. Goldman Sachs, in a research note, gave the massively unnerving statement that the US economy may already be in a recession, or will fall into one within three months. “The unemployment rate has now risen by more than 1/3 percentage points from the cycle trough. Historically, this has invariably been associated with recession, typically starting immediately and almost always within three months,” said Jan Hatzius, Goldman Sachs’s chief economist for America. This ‘recession’ call is now being mirrored by various other investment bankers as well (Lehman Bros., Morgan Stanley et al).
million American adults keeping warm this winter will mean borrowing money and 20 million will use credit cards to be able to afford their heating bills. Nearly 12% of Americans say they will need to borrow money to pay winter heating bills; 9% will need credit cards to afford their heating bills.
a three-step formula for his party to come to power – contest the elections first time to familiarise yourself with the election process, contest the second time to ensure defeat of the ruling party & contest for the third time to come to power.
has seen as many wars as conferences for peace. Therefore, a peace meet itself would hardly kindle hopes for the war-ravaged people in the region. Yet, the November 27 peace conference that took place in Annapolis Naval Academy, Maryland, gained much attention, despite West Asia watchers’ repeated warnings to avoid high expectations. What makes Annapolis so different? First of all, it signals a change in President George Bush’s West Asia policy. Till now, the Bush Administration refused to invest its political capital in the Arab-Palestinian conflict. Ever since the electoral victory of Hamas in the Palestinian territories, Bush, along with his European allies, took a ‘Boycott Hamas’ stand. His Secretary of State Condoleezza Rice launched her shuttle diplomacy only after Palestinian Authority President Abu Mazen sacked Hamas from power & appointed a new puppet government. White House & the European capitals understood that this was the moment to isolate Hamas & to go ahead with a conciliatory Abu Mazen. Most of the Arab countries, including Syria, turned up to attend the Annapolis meet. Both the Palestinian & Israeli representatives issued a joint declaration which promised to bring peace by December 2008. “The Annapolis conference did produce one achievement: for the first time in seven years, the Israelis and the Palestinians plan to hold regular negotiations on fundamental issues that divide them,” Greg Myre, an adjunct scholar at the Middle East Institute & a former New York Times correspondent told B&E.
practical efforts to come to fruition...Humanity cannot wait. Now more than ever, the ratification of a set of universal rules on arms transfers is essential,” Dr. Oscar Arias Sanchez, Nobel Peace laureate has avowed once. Like many sanctions, the UN has been striving for peace, imposing arms embargoes to avert arms supply to countries in danger, to impede unending conflicts or government forces from becoming a threat to peace. Sadly, lack of legal framework, cooperation from governments, in governing illegal arms supply, is hindering its effectiveness. The UN has realised the need of having policies or sanctions to let International law and human rights, triumph, as early as 1946. Thus embargo was a comprehensive tool in Angola, Iraq, Liberia, Libya, Sierra Leone, Somalia, Afghanistan and Ethiopia etc. to stop violence. But researches found frequent major or small breaches. Illegal arms supply exceeded $104 billion and horrifyingly, increasing by $8 billion annually globally. A study, ever done of its kind by SIPRI, has affirmed the rampant nature of arms supply and in 75% of cases, embargoes remained ineffective.