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Why Sun TV Bought Hyderabad Sun Risers IPL Team ?

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Sun TV’s management is confident of breaking even on its purchase of the Hyderabad Sun Risers, a cricket team that plays in the IPL. While the last team to be sold before this (Pune Warriors) was bought for Rs1,700m/year, Sun TV is committed to pay only Rs850m/year for the first five years.

Management pointed out that Sun TV has committed to paying Rs850m/year for the first five years to own the Hyderabad IPL team. From the sixth year onwards, the company would need to pay a 20% share of revenue (the rights to this team are perpetual). While team costs are pegged at a maximum of US$11m,

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Government’s Second Dose of Reforms – Committee on Investment, Land Acquisition Bill

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The Union Cabinet headed by weak PM Dr Manmohan Singh finally undertook three sets of decisions aimed at the broader agenda of revitalising the Indian economy.

The pre-existing Cabinet Committee on Investments (CCI) was created to fast-track clearances for projects requiring an investment in excess of INR 10bn under the leadership of the PM.

New Land Acquisition Bill – The proposed law, rechristened as the Right to Fair Compensation, Resettlement, Rehabilitation and Transparency in Land Acquisition Bill, 2011 was approved by the Cabinet but requires parliamentary approval before being deemed a law.

The new Bill requires the consent

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Scam Scarred Congress Government Unable to Move on Highway Construction – 50% Projects Paralysed

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We’d like to present some facts on the Scam Scarred Congress Government which continues to be greedy despite Policy Paralysis in every Ministry. We’ll have a look on one of the most important infrastructure – National Highways performance and how policy paralysis has affected the same.

The already awarded projects failing to make progress (80% of projects awarded during FY2012 await financial closure, 50% past contractual deadline) on the back of stringent conditions put forth by banks which are facing tremendous pressure due to defaults from these Road Contractors who have won projects by Virtue of Corruption in an Oligarchic Setup. They are also faced

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Will Indian Prime Minister’s National Investment Board Take Off ? Reforms on the Way

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With the new Finance Minister Chidambaram taking over in September, a slew of Reforms were announced in a one-week period in mid-September, including approving a hiking of the diesel price and allowing foreign direct investment into the retail sector. However, in the context of the reforms announced, perhaps the most important symbolically from an investment cycle standpoint was a proposal to set up a National Investment Board (NIB) whose chairman will be Prime Minister Manmohan Singh. [Similar to how former PM of India Atal Bihari Vajpayee setup for his Dream Golden Quadrilateral Highway Project]

The reason this NIB proposal is important is that it is designed to address the seizing up of bureaucratic decision making which has been the practical consequence of the series of corruption scandals in recent years, most particularly the scandal over the sale of 2G telecom licenses in 2008. The idea is

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Congress Party’s First Son-In-Law – Robert Vadra & DLF Real Estate Nexus Exposed

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A day doesn’t pass in India without unearthing Scams of the Congress and its UPA allies [DMK 2G Scam, NCP – Irrigation Scam, etc] Arvind Kejriwal of India Against Corruption and Prashant Bhushan, Sr. Advocate of the Honorable Supreme Court of India have released Chartered Accountant Certified Copies of how Robert Vadra [Son In Law of Sonia Gandhi] has amassed wealth in the last 4 years dealing with DLF – India’s Largest Real Estate Company.

Background:
Robert Vadra by virtue of his Mother’s Scottish origin got be the Son-In-Law of Sonia Gandhi, Leader of the Congress Party which is sort of Owned by the Gandhi Family. According to various insiders, DLF’s Gurgaon was Rajiv Gandhi’s blessing to Kushpal Singh [Founder Promoter of DLF] DLF is a company whose IPO was a Scam. DLF also involved in real estate price rigging in Delhi as decided by the Regulator, CCI.

The Politician Real Estate Developer Nexus in India: For any Real Estate project to take off, the Developer

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Indian Petrol, Diesel, Kerosene, LPG Subsidies and Consumption

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What every Indian wants to know is the Subsidy Indian Government bares on daily essential Fuels – Petrol, Diesel, Kerosene and LPG. Also note that these subsidies cannot be compared directly with International Fuel Prices due to various Taxes on them in India.

Subsidies on Petrol, Diesel, Kerosene, LPG in India
Petrol – NIL Linked to Market Pricing
Diesel – Rs 13 / Litre is what is being borne by the Govt of India
Kerosene – Rs 32.5 / Litre
LPG – Rs 380 / Cylinder

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