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BBC News reported World Bank’s report of slower economic growth in the year 2011. World Bank has predicted that global GDP growth will be 3.3% against 3.9% in 2010. It has also predicted a strong growth in the emerging economies with India and China leading from the front.

Well, let us try to take a closer look. Please note that I am not an expert. I am just a reader of news who have developed an interest into looking at different things and hope to share my thoughts. I have no doubt that the India and Chine are going to lead the world economic growth but at what cost. China is keeping its currency manipulated so that its exports benefits the country’s position. India, though not exactly an export-oriented country but definitely a service-providing company. Products are not generally produced here rather they are definitely serviced here.

Even though I, too bet on the Indian and Chinese economies, I have few concerns. Firstly, the population. There is no control over the population in these countries. And till date there is no solid system to measure unemployment or the population itself correctly. In such a scenario, would it safe to have its per-capita, GDP and other measures of economy to be absolutely correct. I doubt it. Secondly, I still don’t believe that the consumption power is good here. I would request someone to find out if the commodities and goods produced in China are really consumed within the country. I believe that the figures could be surprising for some. I still feel that majority of goods are consumed not here rather outside. So, I feel that the real consumer base is the developed countries. Having said that, i must say that we are improving but it is going to take quite a time to catch up. Thirdly, dependency on Oil. We all know all the emerging and developing countries rely heavily on Oil, whose price is hovering around $90. I feel that that Oil price should be around $120. One thing that China and India say in their defense in terms of their oil consumption is their per capita consumption is far less than the consumption of US. But boss, China and India has the largest and second largest population of the world. You guys take the call. Are the defensive statements justified? Lastly, Food Inflation. Inflation of food is at its peak. We have seen the effect of increase in the prices of Onion in India. People went crazy and made the hell out of the government. In the past, we have seen that the governments have lost power at the Central government in the past. Oppositions won over the ruling government just on the basis of high Onion price. Considering the current scenario, all the vegetables are at their record high. How it is going to affect the people and the economy, in general, would be interesting to watch closely but I am sure if the situation remains same as of now, India will definitely suffer.

Comparing the prevailing scenarios of developing and emerging countries’ scenarios, economies of developed countries will have to also tackle few obstacles. Among all of them, the most important and challenging thing will be “Unemployment” World Bank predicts that the unemployment scenario would remain dismal. So, I feel it is going to hurt more than anything else for them. Secondly, European scenario does look so good as of now.  I somehow feel that the European debt crisis is going to remain bad and it might not improve as quickly as we might have wanted it to. Thirdly, the government debt will continue to mount and may cause imbalances in their statements, not a good sign at all.

To conclude, I feel that the all the economies of the world will see some nice challenges and if they are tackled appropriately, I am sure that we will redefine how businesses will be done in future. Hope that the future brings more prosperity and happiness all around, equally 🙂

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For people who don’t know IPL, IPL is today’s money making machine in the sports arena. IPL aka Indian Premier League is the largest sports (cricket) entertainment in terms of money and entertainment. Now, the idea of IPL is not new. It exists in various forms of other games like basketball (NBA), soccer, football (NFA) and many more. So, what makes IPL the most popular game.

  • Cricket: Cricket is one of the craziest games of many countries especially in Asia. Go to any nook and corner of the countries like India, Pakistan, Bangladesh, Sri Lanka and you will find kids and people playing cricket with a bat and ball. Very few them make it to the playing 11 of the team but to be 11, is like a dream come true for anyone. In India, cricketers and film stars are like demi-gods. If one legend dies, the whole country goes down in no time. If India gives one bad performance in a cricket match, the effigies are burnt. One would be surprise to know that we have temples to worship cricketers and film stars. Moreover, IPL paved the way for shortest version of cricket games: 20-over bringing the excitement right onto the audience
  • Entertainment: Cheer-leading has never been a profession earlier in India but it is one now. How can someone forget the Knight Riders’ team Cheer-leading Reality Show. Additionally, not to forget the eminent filmstars associated with IPL: Preity Zinta, Shilpa Shetty and many more. Not to forget how dozens more flock around during the matches to promote themselves and their movies.

The marriage of above two fields. Cricket and Entertainment was deadly and that drove the whole nation crazy. Of course, one might say the business model is not new. There is nothing innovative. Of course, yes. I do agree but then no one introduced the concept better than IPL. And let us accept the fact: almost all our business models are the borrowed concepts from abroad: well tested and proven because we, Indians,  (most of us) are not risk-takers by nature.

Today, IPL has emerged as the biggest and largest money spinner in its genre in the sports domain surpassing all NBA and NFL. Last year, its brand value was estimated to be $4.13 Bn and with the addition of two new franchisees, it is going to be more this year. Let us look at the some of the auction highlights of this year:

  • A total of 127 players were sold in the two-day auction at the ITC Gardenia hotel in Bangalore, while 12 players were originally retained by the franchises ahead of the auction.
  • Deccan Chargers have 14 players, spending $6,875,000 and keeping $2,125,000 still to spend. Dale Steyn ($1.2 mn) and Cameron White ($1.1 mn) were the costliest players for the team.
  • Kolkata Knight Riders have 12 players, spending $8,575,000 and keeping $425, 000 still to spend. Gautam Gambhir ($2.4 mn) and Yusuf Pathan ($2.1 mn) were star cricketers.
  • Royal Challengers Bangalore have 16 players, spending $8,640, 000 and keeping $360,000 still to spend. Saurabh Tiwary ($1.6 mn) and AB de Villiers ($1.1 mn) were top fetchers.
  • Mumbai Indians have 12 players, spending $8,520,000 and keeping $480,000 still to spend. Rohit Sharma ($2 mn) and Andrew Symonds ($850,000) rocked the table for Mumbai Indians.
  • Sahara Pune Warriors, the new franchise, have 14 players, spending $8,070,000 and keeping $930,000 still to spend. Robin Utthappa ($2.1 mn) and Yuvraj Singh ($1.8 mn) were their prized possessions.
  • Team Kochi, another new franchise, have 17 players, spending $8,640,000 and keeping $360,000 still to spend. Mahela Jayawardhane ($1.5 mn) and Muttiah Muralitharan ($1.1 mn) were the costliest players.
  • Delhi Daredevils have 17 players, spending $8,250,000 and keeping $750,00 still to spend. Irphan Pathan ($1.9 mn), David Warner ($750,000) and Umesh Yadav ($750,000) were star cricketers bought.
  • Chennai Super Kings have 18 players, spending $8,615,000 and keeping $385,000 in pocket. R Ashwin ($850,000) and S Badrinath ($800,000) were top fetchers.
  • Rajasthan Royals have 8 players, spending $6,195,000 and keeping $805,000 in pocket. Ross Taylor ($ 1 mn) and Johan Botha ($950,000) emptied their suitcase.
  • Kings XI Punjab have 11 players, spending $6, 945, 000 and keeping $2,005,000 in pocket. David Hussey ($1.4 mn), Adam Gilchrist ($900,000), Piyush Chawla ($900,000), Dinesh Karthik ($900,000) were their prized possessions.
  • Rajasthan Royals were allotted budget of $7 million because of Bombay High court order.
  • Koklkata Knight Riders were constantly on the news: for picking up Gautam Gambhir for a record money and then not taking the star player of the region and former Indian Cricket team Captain, Saurav Ganguly.
  • Saurav Ganguly, Brian Lara and Chris Gayle went unsold. More than Brian Lara, this IPL auction put a BIG DOT on the cricketing career of one of the most successful Indian Cricket team Captain, Saurav Ganguly. Media left no time to make a fuss about the situation and broke hell on Dada. Most surprisingly, can Kolkata Knight Rider play without Saurav Ganguly in the player’s hometown itself? I guess yes, because this is India and lets be honest, we take few seconds to make a star and few seconds to bring someone to ashes.
  • The another aspect of auction side of KKR is: If I am not wrong, they are the only team to have broke even and into the profits. Don’t forget that they have never qualified for the semi-finals and have been one of the worst performers in the league. The credit goes to the King Khan of Bollywood, their franchise owner, Shahrukh Khan. Personally, I don’t like him or his acting but I love his presence of mind and his sheer attitude and marketing skills inspire me a lot. Remember, those xxx energy drink or the cheer-leading Reality show, SRK rocked the IPL with his own presence. SO, why KKR needs to play when both franchise owners and players are happy earning money without winning matches.
  • Personally, I feel Team Kochi made intelligent buys and did not put in money anywhere where the stake was too high. A lesson well learned from the Deccan Chargers from the past.
  • Anil Kimble made a smart move by opting himself out of the auction at the right time. Prestige and honor kept intact and he also got to mentor the Bangalore Royal Challengers.
  • Rahul Dravid, another star player of Indian Cricket team, just escaped the fate of Saurav Ganguly when he was picked up but it is a YELLOW light for Dravid. Be careful for the next auction.
  • Youngsters from India and abroad made the most out of this auction. A lot of unknown names got picked up over well known names: a very good positive sign. I am a strong believer in the power of fresh blood and Ia m sure some of them are going to make their dream run this IPL. Best of Luck to all of them!!!
  • Last year, IPL debuted on youtube, live streaming all matches. I expect this year they should live tweet also 🙂
  • IPL3 also debuted on movie theaters, showing the IPL matches live in the multiplexes. So, I guess you can grab your popcorn this year too.

IPL4 is going to have more matches and it is going to get bigger and better. I have always been a strong fan of Mumbai Indians and I am going to stick to my team this year too. Who will win IPL4? What do you think?

Just sit back, relax, get your popcorn and enjoy!!! For me, I am more interested in knowing the facts and success of both IPL4 and Cricket World Cup and we will try to bring you a post-tournament report. I am curious to co a sided-by-side analysis of the two biggest cricketing events of the year. Are you anxious? Do check back that time…

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Ohh yes guys, the IPO of Micromax might hit the Indian market soon. Do you know Micromax? Honestly, I was not aware of this brand unless some of my friends and colleagues bought the mobiles of Micromax. Very few people know and in fact, even I was surprised to know that Micromax is the largest selling mobile handset in India. And the most amazing story of its success is: it has done so in a very short period of 3 years. Today, it is valued at $1 Bn. As far as I have heard about the Micromax from my friends, they say one prefers Micromax because it provided dual SIM support, qwerty interface at an amazingly low cost. Yes, low cost was its selling point and as I have discussed earlier on this blog, no matter what technology you provide and what features you give, we, Indians have just one first question: What is the price? And here is where I feel Micromax is a winner. I was not surprised to know that Micromax has gained its popularity in such a short period of time and captured 5% of the Indian mobile market, as reports suggest.

So, what does it mean to us?

  • Don’t stop dreaming and dreaming big. Remember 3 years back Nokia, Motorola, Samsung and few others were household names. Introducing itself at that time and emerging as the leading player is one of the greatest example of living a life of dreams for Micromax. kudos to all the whole team.
  • Entrepreneurs don’t fear. The believe in themselves more than anyone does. And Micromax proved it with its valuation.
  • Hard work, Focus and Determination are the key to success. Its the combination of all these factors that today Micromax is going for an IPO.
  • Ideas with customers in mind matter the most. I believe what clicked for Micromax is their approach to the Indian market. They just combined the idea of iPhone, cost factor plus the Indian attitude of shifting telecom providers to suit to the cheapest calling rates at that instant of time. Apple did not lunch iPhone in India and when it did, the cost was too high that it could even be anywhere near to success. Blackberry was not in market. And Micromax launched itself at just the right time with the correct attitude.

So, guys keep dreaming and believe in them. You never know when your Idea could be the IPO of the Indian Economy!!!

Sources: http://trak.in/tags/business/2011/01/10/micromax-ipo-stock-markets/

http://micromaxinfo.com/

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US Holidays recorded a record sales in the holidays: a whooping $32.6 bn. It is a great news especially when the economy has been struggling a lot. So, it’s definitely a great news for the business.

I visited US in 2207 just after Thanksgiving and during the New Year. I must tell that the deals during Thanksgiving, Christmas and New Year were definitely very appealing. So, I almost returned from US in a bankrupt state. but I need to blame myself and that time. First I was fairly new in my job and had hardly any savings. But what is defining the sales today is ONLINE and that is what is more exciting than anything else. Consumers don’t fear to spend money online and trust the products deliver online. There are definitely few benefits of online buying: we save a lot of money by not driving to and fro to the store, we save a lot of time by not going on a shopping. Rather I feel it takes less time to buy something online. Moreover, it is easy to view the feedbacks and reviews of products online, which is easily searchable. So, with a right kind of research, one can almost snatch a great deal of his own and no other time can beat the price than the holiday season.

On the contrast, I feel that Indian consumers are yet to embrace the online buying system. There is still so much resistance among people to buy online. I don’t have the data but if anyone can start looking for it, I am quite confident that it would not much different. Why? First, Indian consumers don’t trust the online shopping. secondly, we are too emotional people that we believe that we do better deals when we are in front of another person. And by dealing I mean the power of bargaining. I will not be surprised if any survey could affirm this. We believe in relationships more. Third and most important thing, we believe in buying things at the cheapest price possible. I would really hope that some consultancy or some MBA students could do this study. Bring a same product (lets say a car) and show it to people in different countries. I cannot comment on the psychology of people of other countries but I can definitely say that the first question that an Indian might ask is: how much it would cost me? So, it is not surprising that why small cars are so popular in India. Basically, it is not that Indians are environment friendly, it is just that we are way too price-conscious. Therefore, one can see all products having small variants available in India: shampoo and soaps to cars and houses.

I believe that the future is going to belong to the online sales. There is no denying that companies like Google and Facebook (don’t forget speculations on recent Facebook’s valuation of $50 bn) are generating such huge revenues from online advertising only. But the question would be to build credibility and confidence in the minds of the consumer. And I also believe that there could not be any better medium to do so than social networking sites like twitter and Quora. Secondly, understanding the psychology of the consumer would go a long way in the pricing and positioning the product in the a country’s market.

Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/01/07/BUQS1H5C84.DTL

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As some of you might have already read, Citigroup hit a major issue in India recently. Indian Banking market is dominated by HDFC, ICICI and SBI. All other players came in later and still in their process of wooing consumers but to a great extent, it is yet to break the jinx in the minds of middle class Indians. Citi has tried hard to break into the minds of young people and it has been successful to a some extent. So, the news of more than $67mn fraud is going to disturb its run, hitting hard on the brand name and the image of the Citigroup badly in India.

Relationships Manager of Gurgaon Citi branch, Shivraj Puri, has been named as the prime suspect and the fraud amount is said to be anywhere between $67 mn – $89 mn. One of the investors, Sanjeev Agarwal,  who invested in the in the alleged fraud fund, went on to file a police complaint. All the top executives of Citigroup were named in the police complaint including CEO Vikram Pandit, Senior Vice Chairman William Rhodes, COO Douglas Peterson, CFO John Gerspach and many more.

SEBI, the regulatory board has already issues showcase notices to the Citigroup in India and has started looking into the fiasco. But what does it mean for Citigroup globally and specifically, in India? Citigroup’s credibility was in question during the Financial meltdown and has been heavily criticized for its irresponsible behavior. It received one of the largest chunks in the Bailout and if I am not wrong, US government owns a significant stake in the company till now. It is unfortunate for Citigroup to get involved in scams and definitely the timing of this fraud is an unfortunate one.

WSJ, Reuters and everyone covered the news of this fraud. So, I feel that Citigroup would have to now answer some serious “responsibility” related questions. It has to look within – its management, its transparency and other factors. I am often told that as the company grows, it is very difficult to break the norms and try to do things differently, even though they might be beneficial. Sometimes the reason is the way company operates and sometimes the reason are the power-hungry insecure managers. I am not sure what is wrong with Citigroup but I feel there might be something within. Processes need to be more  transparent to the investors and consumers. I feel that Banks must not forget that they exist for one reason: they assure their customers safe returns on their money and this is primary reason for which banks started existing.

On a final note, I would love to see a more responsible Citigroup than the one in its current state. Would Citi be able to come out of these kind of major crisis situations? Would Citi be able to establish the same faith in our minds back? Would Citi be able to reinstate its position as Numero Uno? Only time would tell.

Sources: http://online.wsj.com/article/SB10001424052748704415104576066861503613204.html

http://www.indiainfoline.com/Markets/News/Citigroup-India-hit-by-Rs-4bn-fraud-reports/5033266623

http://in.reuters.com/article/idINIndia-53924220110104

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Last Sunday, I visited to participate in “The Art of Elevator Pitch” Panel Discussion at Indian Institute of Management, Bangalore. The discussion was very informative. Honestly speaking, I did not know what is an Elevator Pitch before I decided to participate in the contest when I received an email from my Toastmasters International District. But I knew I am going to participate. So, I immediately replied to the email and got the preliminary round of questions. I am attaching the file with the answers here. Please do feel free to comment whatever you feel like.

DeepakPanigrahy_Oracle

What did I get out of the Contest?

  1. Networking: I feel very good to network with some of the amazing people in the industry. Having entrepreneurial pursuits myself, it was just an amazing platform for meeting future business leaders (students of IIM Bangalore), Venture Capitalists such as Griffin David, Balaji and Ian Faria, Private Equity Players such as Samir Inamdar and many more. And of course, not to forget very enthusiastic Toastmasters. In fact, I got an invitation to speak over the IIM Alumni Toastmaster chapter and I plan to do so for some of my Advanced Communicator Bronze level, Speeches by Management Category.
  2. Special: The session became special in personal term also. After a very very long time, I had a crush on someone there. Let me tell you that I am not the one who can fall for anyone any time. Someone needs to be very special to match my frequency and vibrancy and I felt the same with someone there. It is a different case that I did not do anything at that moment of time, though I wanted to with all good intentions. Somehow I decided to hold back for some more time and if future will permit, I will do the necessary. No doubt, the girl is special and I could feel that. I call the girl as Miss AC. So, Miss AC, hope to meet you soon but in a different fashion
  3. Elevator Pitch: Well, this is the instant take away from the session. And I am going to discuss more in details on this with my version of the elevator pitch with the final case study.

What is an Elevator Pitch?

Elevator Pitch is a short speech of about 2 minutes, generally given by entrepreneurs to the VCs or angel investors. It derives its name from the fact that it takes exactly 2 minutes to go from the lobby to the top level where the VC has his office. And one gets just two minutes to leave the VC with the curiosity and quest. In my view, an elevator pitch is successful if you can get the business card out of the VC.

What kind Elevator Pitches can be?

I feel elevator pitches can be anything. It can be about yourself, a product, a service, a group, an organization and often related to marketing campaigns, branding and public relation activities. Why is it important? Generally, we don’t know with whom am I going to sit next to in my flight. We don’t get any clue with whom I am going to go in an elevator. So, suppose I bump into a potential VC all of a sudden and what I get is just 2 minutes to generate interest into me and my idea. In my view, it generates a lot of interest in the field of consultancy also. What do you feel how much time a CEO has when you are on a consulting project with the that CEO’s firm? Talk to the management consultants and I can bet most of them will say that they get the time to pitch their ideas and solutions exactly equal to the time one takes to walk from CEO office to his car. And trust me when I say that its not only your firm’s reputation that is at stake but also your own reputation and credibility too.

What constitutes a good elevator pitch?

  1. First and foremost, you must understand that elevator pitch is not your business plan rather it is the door to getting the funding for your plan by getting the business card of the VC or scheduling a meeting with the VC.
  2. Try to connect emotionally both at the personal and professional level. What I mean here is you should be able to relate your idea with the person and at the same time, take his curiosity level to such an extent that he makes the next attempt to reach to you. One very good example that I would like to cite here is taken from the real life experience of Griffin David, discussed during the panel discussion at IIMB.  Griffin David is a Venture Capitalist and an Entrepreneur in himself, who has traveled a journey from SemiConductor Chips to Potato Chips today. He is currently the CEO of Bread Basket Pvt Ltd, having founded it. He cited an incident where his team was pitching a business plan in front of potential investors. They somehow manage to connect with them prior to the meeting and went for an excursion to SONA in Europe. SONA seem to be known for a beach but a special beach-nude beach. They all went, enjoyed, in fact went to give a television interview also with only their heads showing up. But the effect of the trip was seen when his team was given 45 minutes for the presentation while others were given only 15 minutes. Did you see the difference what an emotional connect can make? In yet another incident mentioned by one of the panelist (sorry, I don’t remember who was it exactly), he mentioned that once in an attempt to raise money from a bank, he was facing lot of issues. One of his friend’s wife discussed the problem with the wife of the banker. The banker’s wife went and told his husband that the person in question is like a son to her and you must approve his loan. Ultimately, the loan passed. The panelist came to know about the incident much later in one of the parties. Can you guys relate now? Can you guys make what I am thinking? EQ is one of the biggest weapon and i fused properly, can do wonders in your not only personal but professional life also. We are all human beings and an angel investor or a VC is no exception. Our daily lives are full of emotions and almost 90% of the time, our decisions are based on our emotions and feelings.
  3. Understand your audience. This hold true in case of any speech. Each person is different. Understanding your audience will help in pitching your idea in the most effective way. How can you do that? Thats where your networking connections are going to work for you.
  4. As like an speech, according to me, an elevator pitch also has a certain format and guidelines: Be crisp and ensure brevity because at the day, you only have 2 minutes. Your introduction is your selling point. If you cannot connect with your opening statement, forget it. It is same as the FIRST impression is the LAST impression. So be very careful how are you going to begin. Be prepared with your best 3 points to support your statement. A lot of my management consultant friends tell me that the the RULE OF THREE is an accepted norm of making your points in a business setup. So, these three points should be your best selling points and should generate curiosity in the minds of the VC. At the end, end it with a strong conclusion. I feel the conclusion should not only be persuasive but also leave the VC thinking, thus, prompting him to give away his business card and seeking to get an appointment for a detailed discussion.
  5. Of course, do look out for your body language and voice modularity. Nothing can substitute an appropriate body language with good command over the voice modulation. This is where Toastmasters is going to help you the most.

What are the other potential areas where elevator pitches can be useful?

Well, when I sat and thought about it, I never knew I could relate it to so many circumstances. Some of the areas where I feel an elevator pitch can help you are DATING, JOB INTERVIEW, PROMOTIONS in jobs and PROPOSALS (e.g an author pitching his book to the publishers or a story writer pitching his story for a movie to a producer). The most interesting among the list is DATING. Imagine you are standing alongside a beautiful girl (say Katrina Kaif) and you have got one shot at her before she disappears in the world of invisible strangers again. Your 2 min shot can give you the mobile number or a date. On the other side, a bad pitch may land you in prison, labeling you as a stalker. In other words, 2 minutes can decide whether she is going to be your life partner. Similarly, each one of knows, the way one walks and introduces himself is the 75% success of the interview. Imagine yourself in an elevator with CEO of your company and you know your skills are not well utilized by your current boss and you get only 2 minutes to showcase what you got and you can do for the organization if given the right opportunity. Finally, here is my version of the elevator pitch that I wrote for the case-study presented at IIMB for the finalists:

Case Study: ElevatorPitch_Stage2_CaseStudy

======================================================================================================

My Elevator Pitch: Would you like your girlfriend/wife to look like Katrina Kaif or Toon Toon? If given a free hand, wouldn’t you wake up early in the morning and go to gym with your wife to keep her in shape more than yourself? One will walk with broad chest and full prestige if your girlfriend/wife is good looking and smart. So, wouldn’t you like her to look good in her office too? I am sure you will.

I am Rita and I propose to bring an exclusive line of garments for women for office wear. From college to an office, from home to a boardroom, I present to you an elegant and exclusive design of apparel for Indian women. I am sure you will agree with me when I say that women spend more than men on looking good and beautiful. The most prominent proofs are endless research on spending habits of men and women and the time a woman spends on dressing up. And of course, not to ignore your own wallet and the savings you barely manage to make at the end of the month. No more sarees or executive shirts and skirts from Allen Solley or so, Rita & Co. will bring a premium line of designs exclusively designed to the taste of Indian women. Recent feedbacks from the students of IIM Bangalore, who have already taken the designs to their summer internships have felt more comfortable and confident filled with positive energy after wearing my designs.

So, what are you waiting for? Tighten your seat belts as we, together, can bring a sea wave of changes with Rita brands flaunting in offices and board rooms and change the image of a working Indian women to a more confident, elegant and stylist business women.

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Hey, please feel free to comment your views on the elevator pitch. I would love to hear from you 🙂

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Well, what’s up guys? I know it has been quite a time I wrote on this blog. Well, this post was due. If you are thinking about IPL version of cricket, then we will definitely talk about it but I am also going to talk about another version of IPL that swiped the country completely this month.
If you had already guessed, you are right; I am talking about Indian Elections – Indian Political League. We will talk about this version of the IPL first.
The largest democracy of the world, India, went into the Elections late last month. The results came out in May 2nd week with Unites Progressive Alliance (UPA) led by Indian National Congress (INC) getting almost near majority. With thumping applause from the voters of India, Dr. Manmohan Singh became the 2nd Prime Minister after our first Prime Minister, Jawaharlal Nehru, to become the prime minister of the country in consecutive terms. The extraordinary performance of the INC with 201 seats alone showed its growing influence and belief of the voters in INC. The another major part, National Democratic Alliance (NDA) led by Bhartiya Janta Party (BJP) was completely thrashed with Lal Krishna Advani’s hopes of becoming the prime minister of India being completely crashed. There was no doubt that the credit goes to Dr. Manmohan Singh for his exemplary leadership in his previous term as PM. But the efforts of the upcoming power of INC, Rahul Gandhi, cannot be ignored. If INC was able to compete at par with the Mayawati’s Bahujan Samajwadi Party and Mulayam’s Samajwadi Party, then the whole credit goes to only and only Rahul Gandhi. Additionally, this election brought the hopes of Lalu Prasad Yadav, Ram Vilas Paswan, Mayawati, Jayalalitha, Prakash Karat, and Sharad Pawar of becoming the PM completely crushed. Among all these names, one can easily identity the name of Ram Vilas Paswan. Paswanji was the cabinet minister since HD Deve Gowda’s government. No matter who formed the government since HD Deve Gowda, Paswanji used to join that government with his bunch of ministers’ support to become a cabinet minister. This time he lost the elections and could not even become a MP also. The same is the state of our ex Railway Minister, Lalu Prasad Yadav. He decided to go to the elections all of his own and did not accept the alliance of INC. Such was the pathetic state of Laluji, which he lost from one of the constituencies he contested. Remember, had he fought the elections from that constituency alone, he would have been in the same boat as Paswanji. Another major turnaround was the state of West Bengal. For the first time since more than 30 years, voters thrashed the dreams of Left and for the first time Didi, Mamta Banerjee, saw the hope of becoming the CM of the state in future, Her party, Trinamool Congress, did exceptionally well in the elections, due to which she earned her berth in the cabinet as the Railway Minister. Remember, when the current Lok Sabha has more than 300 crorepatis, Didi is one of the poorest MP. Hats off to her. With a thumping win over the NDA and the left, Dr. Manmohan Singh went on to form the government by taking oath on last Saturday. I do wish him all the best and I hope he would be able to take our country to new heights of prosperity and growth, especially when there is Left Support this time. I wished that Rahul Gandhi would have joined the cabinet but its okay. Let him take outside work to build a much stronger party that can lead the youth of this country in the right direction.
I am going to take a break here as I had almost a night out yesterday and will resume writing on the other version of IPL once I wake up.
So, it was an almost 3.5 hrs break now. I slept for 1.5 hrs and then did exercise for 1 hr or so. Don’t take me seriously. I am yet to join the gym but I can say I really miss it and I am just waiting for this phase of my life to get over so that I can start afresh everything.
Well, let’s come to the second version of the IPL, the cricket, Indian Premier League. Initially, it went into issue of security due to head-on collision of IPL dates with Elections. Thanks to the stubbornness of Lalit Modi, IPL got shifted to South Africa. I had few problems with shifting of IPL to South Africa. Firstly, what kind of message Mr. Lalit Modi wanted to set with taking almost at least 300 odd ((approx 15 players in each team*8) +celebrities+performers+…) citizens of the country outside the country with the Election round the corner. None of them voted. When it was time to make a joint statement about the future of the country, these people were busy making tons of money. Who should be idolized, Mr. Lalit Modi? Why these people deserve to be in India and representing the country when none of them are not even responsible citizens. I can definitely say that Mr. Lalit Modi set a very bad example in front of cricket fans. Secondly, anyone who has seen IPL season 1 would agree with me that the real craze is playing the matches in home and enemy’s den. Playing in from of the die-hard fans and shout, is a different thing and playing in a calm place where half of the people don’t understand Kolkata, Rajasthan, Mumbai … I hope that the next season will definitely be in India. The most amazing of this season is the Finals, where last year’s 2 bottom teams Deccan Chargers and Bangalore Royal Challengers and Deccan Chargers, the worst performers of last season going on to win the finals under the captaincy of Adam Gilchrist. One find of this season of IP was FakeIPLPlayer blogger. The identity of the blogger was not revealed but he was a real entertainer gaining one of the biggest craze among the IPL fans. News channels covered the blog but no one was able to reveal the identity of the blogger. Each and every post of the blog was simply amazing, entertaining and fun reading. The articles definitely hinted of the possibility of betting in the games with Kolkata Knight Riders defeating last year’s champion Rajastahn Royals and preventing it from going to the semi finals. It was well predicted ahead in the blog that the worst performer of the current season will defeat a team and will nullify its chances of making it to the finals. ICC should look into this more seriously or the better way is to legalize the betting, which could bring huge revenue for the governments as in any form, betting does happen no matter what. One striking similarity between the IPL season 1 and season 2 was the performance of Australian players. Whether it is retired players like Adam Gilchrist, Mathew Hayden, Shane Warne or current players like Adrew Symonds, Shane Watson, Hodge, they all showed why they form the best team with their killer attitude and leading the team from the front. This is one thing I feel Indians lack a lot, which is quite visible in the team of Mumbai Indians, who don’t have a single Australian. Next time, Mrs. Neeta Ambani should bet for an Australian in the team to get the team spirit back. Are you listening, Mrs. Ambani? We need a diehard killer Aussie in the Mumbai Indians. As for the profit of the individual teams, there is no doubt who is the winner. Obviously, SRK owned Kolkata Knight Riders. Despite finishing bottom of the table, SRK managed to get well over 100 crores from various source like the reality show, some Knight Angles or so. There is no doubt how many Ambanis or Mallayas jump into this IPL, SRK is a true businessman. Hats off to SRK and his acumen. I may not be your big fan of movies but I do adore you a lot on your business acumen.

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