About IPL

Dear Sport spirits,

Introducing IPL for you.

Globalization has had a major impact on the mind of VP-BCCI & Commissioner IPL Mr Lalit Modi. Foreseeing a cut-throat competition in the supply (unending) of talents in cricket sport, his IQ clicked an idea for maximum utilization of the same globally. Hence ‘IPL’ been structured as a special purpose vehicle of the parent BCCI – purpose to generate whopping profits for the board on a regular basis. It is an excellent use of sharing rights & privilege of forming franchise teams under a League (Indian Premier League), inspired by football’s English Premier League and the National Basketball League of the US. The IPL works on a franchise-system based on the American style of hiring players and transfers. The IPL is a professional T20 cricket league created and promoted by the BCCI and headquartered at Mumbai. It presently includes 08 teams (franchises) consisting of 16 players each from different countries. The winning bidders for the eight franchises were announced on 24 January 2008. While the total base price for auction was US $400 million, the auction fetched US $723.59 million. The UK-based brand consultancy, Brand Finance, has valued the IPL at $4.13 billion (Rs.18000crores) in 2010. It was valued at U$2.01 billion in 2009 by the same consultancy. According to global sports salaries review, IPL is the second highest paid league, based on first-team salaries on a pro-rata basis, second only to the NBA league. It is calculated that the average salary of IPL over a year is 2.5 million pounds. The entire concept of IPL is based on the assumption that the public will take a fancy to supporting league teams, as opposed to national teams, and come out in large numbers to watch their favorite stars play, whatever their nationality.

IPL Teams:

1) Bangalore Royal Challengers: The Bangalore team was bought by Vijay Mallya’s UB Group for $111.6 million to own the team for 10 years. ‘Icon player’ Rahul Dravid is the captain of Bangalore Royal Challengers. Team India’s bowling coach, Venkatesh Prasad is the coach of the team.

2) Kings XI Punjab: The Mohali team was bought by Bollywood diva Preity Zinta, her industrialist beau Ness Wadia, along with renowned industrialists Karan Paul and Mohit Burman for $76 million for a period of 10 years. ‘Icon player’ Yuvraj Singh is the captain of Kings XI Punjab. Australia’s Tom Moddy is the coach of the team.

3) Chennai Super Kings: The Chennai team was bought by India Cements for $91 million to own the team for 10 years. Team India ODI and T20 skipper Mahendra Singh Dhoni is the captain of Chennai Super Kings. Former South Africa cricket team captain Kepler Wessels is the coach of the team.

4) Kolkata Knight Riders: The Kolkata team is owned by Bollywood actor Shah Rukh Khan, actress Juhi Chawla and her husband Jay Mehta for $75.09 million for a 10-year period. ‘Icon player’ Sourav Ganguly is the captain of Kolkata Knight Riders. Australia’s John Buchanan is the coach of the team.

5) Deccan Chargers: The Hyderabad team was bought by Deccan Chronicle, a media house, for $107 million for a 10-year period. Team India’s Test player VVS Laxman is the captain of Deccan Chargers. India’s fielding coach, Robin Singh is the coach of the team.

6) Mumbai Indians: The Mumbai team is owned by Mukesh Ambani’s Reliance Industries Limited for $111.9 million for a period of 10 years. ‘Icon player’ Sachin Tendulkar is the captain of Mumbai Indians. Former Team India manager, Lalchand Rajput is the coach of the team.

7) Delhi Daredevils: The Delhi team is owned by GMR Holdings for $84 million for a period of 10 years. ‘Icon player’ Virender Sehwag is the captain of Delhi Daredevils. Australia’s Greg Shipperd is the coach of the team.

8) Rajasthan Royals: The Jaipur team was bought by UK-based company Emerging Media for $67 million to own the team for a period of 10 years. Former Australian spin bowler Shane Warne is both the captain and coach of Rajasthan Royals.

The inaugural tournament started on 18 April 2008 and lasted for 46 days with 59 matches scheduled, out of which 58 took place and 1 was washed out due to rain. The final was played in DY Patil Stadium, Navi Mumbai.Rajasthan Royals emerged as the inaugural IPL champions beating Deccan Chargers Hyderabad. The 2009 season coincided with the general elections in India. Due to concerns regarding players' security, the venue was shifted to South Africa. The format of the tournament remained the same as the inaugural one. Deccan Chargers Hyderabad came out as eventual winners of the tournament. The third season opened in January 2010 with the auction for players. 66 players were on offer but only 11 players were sold. No player from Pakistan was selected. Mumbai Indians led by Sachin Tendulkar emerged as strongest contestant for Finals. On 21 March, 2010, Pune and Kochi were unveiled as the two new franchises for the fourth edition of the Indian Premier League. The base price was $225 million. While Pune was bought by Sahara Adventure Sports Group for $370 million, the Kochi franchise was bought by Rendezvous Sports World Limited for $333.3 million. This will increase the number of franchises from 8 to 10 and the number of matches from 60 to 94 if the same format is used.

Yours

Sandeep Raghvendra Singh

Jodhpur

Life in a Metro - review

Hi Film Lovers,

Shilpa Shetty, Kangna Ranaut & Sharman Joshi starring movie 'Life in a Metro' is an interesting movie - serious problems of a life in metro blended in a comic form. Highlighting personal life of three female characters. One may take a permanent use of a used thing (kanagna's character) if your heart allows, one may break formal commitments (irfan's character) if your heart allows and another one may break ethical code of conduct (shilpa' character) if situation allows. 'hai tujhe bhi ijaazat, kar le tu bhi mohabbat..........' are few of the messages of the film. Somehow expressing uncovered sentiments of a human. Nice movie and worth watch at least once.

Thanks for reading.
Sandeep Raghvendra Singh
Jodhpur

Ethic in One's Life

Hello Readers,

                Ethics is a stream of philosophy and philosophy is abstract in nature. One can only feel its existence & follow it. Philosophy is based on few facts from the the stream of Indian Mythology and experiences of saints born in this world.

The beliefs on which 'Ethics in One's Life' is based are:

1) One (human beings) need to realize that he is not only the body & mind (mann) but there is also an existence of 'soul' in it. Just as we don't know about fire in wood, similarly soul is in our body.

2) One need to realize about the 'almighty God'.

3) One also need to realise that 'soul' is the part of that 'Almighty God', just as the drop of the ocean. A drop becomes ocean when it mingles with the ocean, then no difference is left between the drop & ocean.

4) Every action (karma) is being accounted. Whatever the body does with the help of mind, the results good or bad is imprinted on the soul or in the account of the soul.

5) In order to settle down these accounts of 'karmas', there is a concept of rebirth or reincarnation.
In other words, one need to realise that we are not human beings but 'spiritual beings'.

Ethics is related to honesty in our words as well as commitment & deeds or actions. And honesty, in order to reach success, requires hard work. And it is the general tendency of our mind or mann that it is very lazy and wants to develop shortcuts to success. And thats why we indulge ourselves in dishonesty.

There are no shortcuts to success. We need to remember this at every action we does.

Thanks for pondering over it.
Raghvendra / Sandeep
Jodhpur

Identifying provisions of entrepreneurship in the policy framework of Govt. of Rajasthan for SMEs

Dear Readers or future entrepreneurs in agri-business,

The following article is being referred & reframed for ease of crucial information in reference of Policy pacakage & Agri-Business Policies of Rajasthan 2009. It is useful for those entrepreneurs who is interested to take initiation in the field of agro-business.

The article highlights the key provisions available in the entrepreneurship promotion policy framework of Government of Rajasthan. The motivation & encouragement of entrepreneurs available with government is focused through general approach, policy package of the state for MSME, and in draft of Agro Industries Policies 2009. The state would strive to encourage handloom units function as cooperative bodies, to utilize services of agencies of national repute and experience in cluster development to develop micro, small enterprises clusters; to provide appropriate support to geographically dispersed unique and individual enterprises; to facilitate micro, small enterprises, handicrafts and handloom units achieve optimum level of operation /productivity through design and technological intervention, financial assistance, marketing support and procedural simplification so as to provide global market competence and competitiveness. Agriculture in the basic sense of produce of the field is hardly remunerative to the farmer. With over 60% population of the State depending upon it for livelihood, it is imperative that it should be made sustainable and remunerative. In other words agricultural operations must strive for value addition created through diversification of use of produce and emphasis on quality production. Bold measures now need to be taken to encourage agri business and industries based on agricultural produce so that producer gains significantly in returns. The major area of the state is characterized by arid and semi-arid climatic conditions with low, erratic and uneven distribution of rainfall. Out of a total of 21.6 mn have cropped area that with assured irrigation is just 6.4 mn hectares, implying a high dependence on the monsoon. Despite this drawback, the State is the leading producer of coarse cereals, pulses, gram, oilseeds and seed spices and also ranks first in the livestock population in the country. A huge untapped opportunity thus lies waiting for prospective investors and collaborators, in conventional and new agricultural initiatives in a host of high-value segments. There is a high degree of correlation between SGDP growth rate and developments in the agriculture sector. But for any significant increase in agricultural incomes new investment from the private / corporate sector is essential along with public investment.

Thanks & all the best.

Raghvendra & Sandeep

Global Warming – A Global Concern still an individual

Dear Readers,

Global issues are actually individual ones such as 'Global Warming'. There is a bit difference in the concept of global warming and climate change in the media. Global Warming is an overall warming of the planet, based on average temperature over the entire surface. Whereas Climate Changes are the changes in regional climate characteristics, including temperature, humidity, rainfall, wind, and severe weather events. Global warming is caused by green house gases, which trap in the sun’s infrared rays in the earth’s atmosphere, which in turn heat up the earth’s atmosphere. These green house effect warming is called as global warming. The effects of green house effect are visible more prominently in the recent years, with number of natural calamities on the rise in the whole world. Threats of global warming along with suggested individual efforts such as buying a fuel efficient car, reducing garbage, switching to a tankless water heater, carpooling, planting a tree, buying organic food, insulating water heater, change the AC filter, taking shorter showers and many more, could shape our attitude of daily living style. Global warming is predicted to lead a variety of negative effects, to reduce this we need to develop steps for the prevention such as organizing self awareness programs, planning exhibitions in different parts of the countries to create awareness on global warming. The paper also concerns India’s strategy against Global Warming. The United States wants developing countries like India and China to agree to control the emissions being produced by their rapidly galloping economies by setting specific targets. India argues that this would hurt its economic growth and wants the industrialized world to curb its pollution as well as fund new technologies in the developing world by underlining that it has one of lowest emissions per capita in the world. Even as both agree on the need for an agreement at Copenhagen, India has made it clear that it cannot accept legally binding limits on carbon emissions. Apart from the plans to slow down the global warming, adaptation schemes must move forward fast. Constructing flood defenses, banning buildings close to sea areas are some of the measures we can adapt. Global warming is a concern of each individual for which we need to become citizens of the planet rather than citizens of each nation.

Thanks for a nice reading.
Raghvendra & Sandeep
(do visit http://www.thirdeye-raghvendra.blogspot.com/)

Quality in Management Education

Dear Readers,

          Service Operations and Service Delivery are two major components of a management education system. Appropriate & Timely Services, of all approval, monitoring and regulatory bodies like AICTE (Board of Studies & Inspection Team), Universities (RU, RTU, JNVU, MDSU & its execution policies) and affiliated Private Institutions (entrepreneurial value system and control & autonomy), constitute an operational environment in which inputs are processed and the elements of service product, i.e, management education, is created. Credible Services of the academicians & administrative staff constitute the most crucial element of service delivery (i.e, how the service product is delivered), in building quality perception & responsiveness of the customers / management students.

In the context of Management Studies Service System, MBA program or diploma or degree is the key Product, Semester or Annual Fee Structure is the Price charged by the customers i.e, Students, Use of Approvals, Grade, Rankings, and Accreditation of the institutions in printing material, publicity & advertisement are the Promotional aspects of any institution providing management education, Directors, HOD, Academicians, Administrative Staff, IT officials, Security are the People who provide services to the students, Infrastructural facilities or aesthetics, Branding of the Institute, Mark sheet & Degree documents for Physical Evidence, and ultimately the whole schedule of lecture deliveries, course coverage and all activities for cognitive development of the students/customers involves the whole Process of service delivery. Delivery of Management Education is categorized as highly intangible and mental stimulus service process directed at consumer’s mind i.e, students mind. Management Education is more concerned about Value-based quality imparted to future managers, so as to ensure minimum level of competency. Management Education is about shaping up the student to develop competency and capability either as an Intrapreneur or Entrepreneur or General Managers or Global Managers for the corporate world. The program is just a gateway pass to the corporate world where managers are evaluated on ‘result based performance’.

The paper emphasize the role of elements of service operations as well as service delivery system. The inclination of AICTE is always on the fulfilling the needs of students and maintaining formal relationship with the service providers but not on the academicians to secure their dignity, career & security, especially in private owned institutions. Institutions should take admission only after evaluating the determination power & career aspirations of the candidate, his social standing and well guided career counseling. Each Youngman is a diamond of the nation and to polish accurately is the job of education sector. Role of knowledge facilitator’s i.e, the noble profession of academicians plays a major and foremost role in delivering actual quality standards of management education. Apparently, satisfied individuals always underperform despite of high caliber and capacity; the same is true about majority of University professors in India. The remuneration received by University academicians is actually public money and now it is high time to justify their portion of intake through improving the quality of education they imbibe in studetns. And the academicians in private institutes could not perform up to the standard, and even if they, the percentage is very low. This interdependency of all components of the system has to be strengthened through unified commitment. There are many more factors highlighted in the paper which states that every drop, if accumulated, could make a big ocean – an ocean of young talents in business world. Being part of the observational research process, the paper presented is through central routing of the brain as per the ELM model, having a major impact on the left part of the brain as well.

Thank you for sparing your precious time in reading. Your comments are valuable for me.

Raghvendra / s/o Sandeep Singh

Jodhpur

3 Idiots - film review

Hi friends,

                 3 Idiots - only film to cross $200 mn in just two weeks from its date of release, directed by one of the intelligent psychologist director of Bollywood - Shri Rajkumar Hirani. With due presence of intelligent actor - Aamir Khan. All the film makers must learn that irrespective of subject, research based films are always successful, as in the case of Aamir Khan films. One of the artistic feature of Rajkumar Hirani directed films, is that he is smart at combination of human appeals - humour & emotion with a sudden twist. The film is youth oriented, imparting them the lesson of 'listening to the heart' and no one else and the success will be following you, instead you follow the success. The film direction, acting, positioning of songs in the film and script is very strong to hold enough the audience in the theatre.
All in all a film which will fetch you 250% satisfaction, irrespective of the money you spent in any class. A film worth watching at least twice.

Thank you
keep in touch
Raghvendra, Jodhpur