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PM Singh: His scribbles spell work for
ministries |
Understatedness
has become a trademark of the Manmohan Singh-led United Progressive
Alliance (UPA) government. So, it didn't come as a surprise to anyone,
leave alone the man's ministers when, on February 10, a missive
from him, of must-dos-for-2005 described as "thrust areas for
policy implementation", landed on their desks.
As follow-up, the letter said, an official from
the Prime Minister's Office (PMO) would meet the ministers once
every month to understand the progress on the issues mentioned in
the letter. Singh's wishlist of sorts was also uploaded on to the
PMO's web site as an online reminder to his colleagues. Understated
it may have been, but the follow-up bit is downright aggressive
for the 72-year old economist-turned-politician. Pulak Chatterjee,
a joint secretary in the PMO, is the man who will monitor the various
ministries and report to the pm (the letter itself puts down the
reforms agenda for every ministry). "This is the Prime Minister's
way of putting pressure on the ministries," says a senior official
in the PMO. "There was just no other way."
Singh's To-do-list |
Chemicals & Petrochemicals: Finalise
petrochemicals policy; repeal drug price control act; regulate
prices of drugs optimally
Telecommunications: Review spectrum allocation; finalise
spectrum policy
Road Transport: Complete GQ and NSEW projects on
time
Heavy Industry & Public Enterprises: Give profitable
public sector companies complete managerial and operational
autonomy
Civil Aviation: Finalise civil aviation policy; make
progress on proposed restructuring/ development of Delhi,
Mumbai, Bangalore and Hyderabad airports
Fertilisers: Rationalise subsidies
Labour & Employment: Amend labour laws
Disinvestment: Draft white paper on disinvestment
Economic Affairs: Draft comprehensive FDI policy
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Singh's
letter eschews the general in favour of the specific. For instance,
the Minister of Chemicals and Petrochemicals, has been asked to
finalise the National Policy on Petrochemicals, look into the repeal
of the Drugs Control Act of 1950, and regulate the prices of drugs
optimally. And the Minister of Telecommunications has been asked
to review the allocation of spectrum to various services and finalise
the spectrum policy. Other ministers have been allotted similar
tasks (see Singh's To-do-list).
Judging from this list, the Prime Minister
is clearly willing to go the whole distance on reforms: the Minister
of Fertilisers has been asked to rationalise subsidies; the Minister
of Labour, reform labour laws; and the Minister of Finance, draft
a comprehensive Foreign Direct Investment (FDI) policy. There's
a sweetener for the communist parties (see Waiting For Karat on
page 46) that support the UPA government. All ministers have been
asked to deliver on promises made in the National Common Minimum
Programme (NCMP), a set of policy guidelines for the government
that was drafted last year with the active participation of the
communist parties. Manmohanomics is an oft-used word, but if this
isn't manmohanomical (an adjective entirely more healthy than Machiavellian),
nothing is.
-Ashish Gupta
SELF WORTH: PRAKASH KARAT
Waiting For Karat
The new chief of the reds could make things
tough for the government.
Should
someone launch a game show on the tube called Know Your Communists,
and should it become as popular as Kaun Banega Crorepati? (two imponderables,
but indulge this writer for a minute), chances are (three, and there
will be no more), identifying Prakash Karat from a photograph would
definitely be the million-dollar question. That's because, unlike
his colleagues Jyoti Basu, the former Chief Minister of West Bengal,
Harkishen Singh Surjeet, the General Secretary of the Communist
Party of India (Marxist), CPI(M), and a player in Delhi's power
circuit, and Sitaram Yechury, the articulate public face of the
party who spends a considerable amount of his time in television
studios, Karat is a near-recluse who prefers not to be seen at all.
That is set to change early April when the
CPI(M) meets in Delhi to elect a new Central Committee and Politburo;
Karat is a shoo-in for the post of General Secretary; and with the
communists critical to the ruling United Progressive Alliance's
(UPA) ambitions of staying in power, he cannot avoid either the
publicity or the profile that comes with the job. Power, the third
P of politics, doesn't figure in that sentence because powerful
Karat has always been. In 1997, it was he who dissuaded Jyoti Basu
from accepting the post of Prime Minister, and, more recently, last
year, it was he who discouraged the communist parties from becoming
part of the UPA. Is Karat as rabid as he is being made out to be,
and will he succeed Surjeet? The man himself says reports about
his succession are "speculation by the media". "His
understanding of the basic principles of the party makes him a hardliner
for the others," says a fellow member of the Politburo. "He
represents the best democratic tradition of our party," gushes
another colleague.
"I stand for what my party stands for,"
says Karat himself, referring to his widely-publicised criticism
of the UPA's ability to implement the National Common Minimum Programme
(NCMP), which was drafted last year by the coalition in consultation
with his party. "Measures in the CMP that concern the country
and people are yet to be implemented, and those executed have been
done in a half-hearted fashion," he adds. That's not his personal
view of course-in a telephonic interview with this correspondent
from Mallapuram in Kerala (over the terrestrial telephony network;
Karat doesn't carry a mobile phone), he declined to answer any personal
questions-but "the party's assessment of issues". Still,
his comments do not mean the CPI(M) will withdraw support to the
UPA in April itself. "He is far more flexible and pragmatic
than the media makes him out to be," says Congress Member of
Parliament Jairam Ramesh. "He is a very serious-minded and
thoughtful individual." The CPI(M) itself insists that Karat
is progressive and points out that he worked on discarding the democratic
centralism (the decision of the centre is binding on the state)
principle for the state, and on incorporating women's issues (his
wife of 30 years, Brinda Karat, is a communist and women's leader
herself) in the party's draft for its Congress in 1998.
Influenced by Marxism while at Madras Christian
College in the 1960s (he was later rusticated from the University
of Edinburgh for a protest he participated in against apartheid
in South Africa), Karat was a founder member of the students union
of Jawaharlal Nehru University, a co-founder of the Student Federation
of India at JNU along with good friend N. Ram, now Editor of The
Hindu, and fought the only elections of his life, for the President
of JNUSU in 1973 (he won) and 1974 (he lost). The winner of that
election, Anand Kumar, now a professor of Sociology at JNU, regards
Karat as "a long distance runner". "Allow him space
and you will be treated to his depth of ideas," he says.
"There will be more emphasis on the party
and our movement, and less on politicking," says a member of
the CPI(M) on the possible impact of Karat's election as general
secretary. "Without doubt it will be tougher for the Congress."
Karat himself would like to believe that opposition (to ideas) brings
out alternatives (that weren't thought of before) but insists that
"it is the government's responsibility to run with stability
and not ours".
-Supriya Shrinate
Stick
'em up
India discovers a new fondness for a made-for-television
hockey league.
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ESPN's Venkateish: The keeper of faith |
Between
January 13 and February 13, some four million viewers (per match)
watched the live telecast of hockey matches (there were 20 in all)
between teams named as evocatively as Hyderabad Sultans, Maratha
Warriors, Bangalore Hi-Fliers, Chennai Veerans and Sher-E-Jalandhar
(there were 10 teams in all). In television trade lingo that translates
into average TRPs (television rating points) of 0.46; that's a significant
figure in a country where news channels routinely register TRPs
in the 0.10-0.12 region, and even the typical K-soap on Star Plus,
the channel that telecasts 36 of the top 50 programmes on the tube,
does around 11.8. At one level, the four-million figure means Indians
still adore hockey, the country's national sport and one in which
it actually boasts eight Olympic gold medals (the last, alas, won
way too long back in 1980) and lends credence to one theory doing
the rounds that says that more Indians traipse to stadia around
the country to watch domestic hockey matches than domestic cricket
ones. At another, it means that the Professional Hockey League (PHL),
a slick, for-television (and live audiences, but you get the picture)
extravaganza replete with cheerleaders (Russian ones, for the first
match), endorsements from popular brand ambassadors such as movie
star Amitabh Bachchan and cricketer Sachin Tendulkar, and uniforms
designed by one of India's top designers Aparna Chandra, has arrived.
PHL FAQs |
Number of teams:
10
Total number of players: 160
Number of Tier I teams: 5
Number of foreign players: 13
Total player fees: Rs 30,90,000
Total cost: Rs 8.5 crore
Funds: All costs are underwritten
by ESPN
PHL ownership: Indian Hockey Development
Private Limited, in which ESPN Star Sports owns a 49 per cent
stake and the Indian Hockey federation, 51 per cent
Advertising revenues: Rs 6-10
crore (estimate)
Total number of viewers for all matches: 4 million
Title sponsors: ESPN is searching
for one
Team sponsors: Perfetti's Mentos
(Maratha warriors), Western Union (Sher-e-Jalandhar and Chandigarh
Dynamos), GSK's Boost (Hyderabad Sultans). |
The presence of 13 foreign players may have
helped, as may have a new 4 X 17.5-minute quarters format, live
coverage with as many as nine cameras, time-outs and strategy sessions
(all televised again), smart uniforms, and the fact that India was
playing no cricket at the point in time. So, by the time the Hyderabad
Sultans defeated Sher-E-Jalandhar to win the tournament and the
Rs 30-lakh prize that went with it (overall prize money: Rs 71 lakh),
Indian Hockey Development Private Limited, a 51:49 joint venture
between the Indian Hockey Federation and ESPN Star, had proved that
a well-packaged league, complemented by the right kind of television
muscle, could work. PHL still doesn't have a title sponsor, but
its 20 matches attracted some 280 minutes in advertising (not all
of it sold), which, by some estimates, translates into Rs 6-10 crore
in revenue. The league has been popular enough for Adidas, the kit
sponsor, to have uniforms and other merchandise "move from
the shelves really fast" across its 74 stores, according to
Andreas Gellner, Managing Director.
If
timed well (read that as in non-cricket season), the PHL could succeed.
"Most kids grow up playing three games in school: cricket,
hockey and football," says R.C. Venkateish, Managing Director,
ESPN Software. "The opportunity is huge." Advertisers
think so too. "Cricket gets prohibitively expensive,"
says Anita Nayyar, Executive Director, Starcom Worldwide, North
Operations, a media specialist. Then, there is the question of audience
fit. Punjab, a region where hockey is hot (hotter than cricket,
some say) is an important market for Western Union, a money transfer
company (reason: the Punjabi diaspora). Not surprisingly, the company
sponsored the two Punjab teams in the fray. That's opportunism.
Actually, so is the PHL, and if it works well enough, it could mean
another Olympic gold for India in hockey in the next few years.
-Amanpreet Singh
The
Market's New Watchdog
It's Meleveetil Damodaran, the magician who
turned around UTI and IDBI
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SEBI's top cop: A tough stance |
For
some time in the middle of February, it looked like G.N. Bajpai
would get an extension, albeit a three-four month one, as head of
stock market regulator Securities and Exchange Board of India (SEBI).
The Finance Minister was busy with the budget, and Planning Commision
chief Montek Singh Ahluwalia, who oversees the appointment of regulators,
was apparently not keen to hand over the job to a retired bureaucrat
as past governments have been wont to.
However, things worked out differently, and
on February 18, M. Damodaran, an Indian Administrative Service officer
(1971 batch) took charge as the fifth Chairman of SEBI. The man
has acquired a bit of a reputation as a turnaround artist, what
with his achievements at UTI and IDBI, the first of which he took
over in circumstances that were far from ideal (the institution
had frozen transactions on its flagship fund, US-64, following some
unwise investment decisions allegedly at the instance of its previous
chairman).
While Bajpai's tenure saw the operation of
Indian stock markets reach new levels of efficiency and transparency,
it was also marked by an inability to punish defaulters (some 22
orders of SEBI have been overruled by the Securities Appellate Tribunal
in the past 12 months alone). Damodaran would do well to address
this. His comments soon after taking over indicated that the man
was aware of the challenge. He promised "swift and heavy"
retribution for "mischief makers".
-Roshni Jayakar
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