Indian bloggers mania: sridhar kondoji


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Confusion around not picking Pakistani players by IPL franchises

Let us be clear on few fronts before we start abusing each other and adding to the existing confusion.
a) IPL franchises are private enterprises. These teams pick and choose players for their benefit.
b) If a Pakistani player is picked, but is not allowed to play for that franchise as per his contract for multitude of reasons like
a) Pakistan not allowing players to go to India to play
b) Indian government not giving visas for Pakistan players
c) Security threats to Pakistani players (because Shive Sena in Mumbai constantly issues threats)

then these IPL franchises will loose money. No body on earth will like to loose money.

If the current episode shouldn’t repeat in future then this IPL business needs to be streamlined.  Indian government should guarantee the security of all players and these modlities can be worked out.  All the governments from where these players are coming to play as part of IPL, should allow their cricketers to leave the country with any ban or restrictions.
ICC should also be consulted, so that IPL games and international match dates don’t coincide causing problems for the IPL players.

If Shahrukh khan says that Pakistani players should have been picked, then he should also answer as to why his franchise didn’t pick the Pakistani players?



Filed under: Finance India, India blogs, india wired, Indian Bloggers, IPL, , , , ,

India asks US not to punish Satyam. But why?

India’s Sebi has asked US equivalent SEC not to punish Satyam and there are press reports that the same request was forwarded at political level to US.  This looks very absurd and so out of place on many fronts.

Why are Sebi and Indian politicians  taking special interests in this case and  pleading before foreign entities?
Even if we are taking it up, i want to know in what capacity are we talking to US? Why should SEC and US political leadership should listen to SEBI and Indian political leadership requests? Even if they throw their ears, what can they do?

This also raises one more question. Did SEBI go easy on Satyam fraud investigation? Did we compromise on getting to the bottom of this case? Are we protecting Ramalinga Raju or are we protecting politicians who played hand in gloves with Satyam entity? I was very hopeful of getting to know the complete details, if it landed in the hands investigators in US and UK. As i trust the foreign entities more than ours. There is more transparency in the system of SEC than that exists in SEBI. There is more to this case and we are shielding powerful political leaders.

I also see no point in SEBI’s request. Already shareholders of Satyam have lost their lifetime investments. The shareholders now are new and they bought the remainder of Satyam knowing fully well the conditions of Satyam. So, these shareholders are going to pay the price for the risk they have taken.

Mahindra has bought Satyam with full knowledge of liabilities of Satyam fraud both in India and abroad. There are shareholders in India, US and UK. All are interested in getting to the bottom of this fraud. Satyam fraud has shaken all of us to the core. This should not happen again and only way to prevent this from happening is conducting thorough investigation and punishing the culprits.


Filed under: Finance India, India blogs, india wired, Indian Bloggers, , , , , , , , , , ,

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January 2010
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