Showing posts with label Lalit Modi. Show all posts
Showing posts with label Lalit Modi. Show all posts
Sunday, April 25, 2010
Why I hate IPL?
Shah Alam Khan writes in India and Bharat:
The financial aspects of IPL are not only murky but an eye opener for those who thought that India was a poor nation with more than forty percent population living below the poverty line. The total value of IPL, which even Mr Modi cannot predict with surety, is expected to be around 70000 crores. This unaccounted money is available to the richest people of India. No doubt the rich got richer in the IPL. Compare this to a cumulative expenditure of mere Rs. 27.59 crores in the prestigious National Rural Guarantee Scheme of the Government of India for the state of Orissa in 2008-09. The Orissa example is even more glaring as this is the state where hunger deaths are reported on a regular basis.
The IPL also represents a loot of public funds, my and your money, which doesn’t even get noticed. Each day & night match of the IPL played under flood lights, consumes electricity enough to run 500 average Indian homes for a month. The provision of subsidised electricity doesn’t make things any different. It is believed that the average electricity bill for a single day and night cricket match of the IPL is more than 15000 US Dollars. For those interested in numbers, this is the government’s expenditure on health for ten adult Indians if they live up to an age of 70 years (at the rate of 21 dollars PPP). Water, a deficient resource in cities like Mumbai and Delhi is used to keep the fields green during the IPL. This, in a country which is now at the top of the childhood malnutrition charts of the globe with lack of clean water being the primary cause of a large number of infant and childhood morbidity and mortality.
To read the full article, click here.
Monday, April 19, 2010
IPL, greed, big money and an icon from Mumbai..!
Sachin Tendulkar
SHANTANU GUHA RAY writes in Tehelka:
IT’S THE open secret no one wants to acknowledge: the IPL is not about cricket. The ugly controversy surrounding Minister of State for External Affairs Shashi Tharoor and IPL chief Lalit Modi — over Tharoor’s friend Sunanda Pushkar owning 4.9 percent free sweat equity in the Kochi team that Tharoor helped put together — is merely a warning sign pointing to a much deeper dirt pit that comprises in equal parts big money, politics, glamour, greed, sex, drugs and intense backroom jostling.
The further irony is that, according to highly reliable sources in the cricketing management fraternity, the 4.9 percent free sweat equity Sunanda Pushkar is being pilloried for does not even belong to her. A mere .5 percent is reserved for Pushkar. Disturbingly, the rest belongs — off paper and on trust — to two iconic cricketing giants, one of who is still playing for the Mumbai IPL team. This free equity is the quid pro quo they demanded for helping put the Kochi team and its promoters together — not a rank corruption perhaps in the larger scheme of things, but certainly an impropriety.
Who is that iconic cricketing giant still playing for the Mumbai team?
Read the full article here.
and Lalit Modi charged with 'Betting & Laundering'
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