Former India captain – and one of the gr
eatest cricket all-rounders that the world has ever seen – Kapil Dev is going to head the Executive Board of Zee’s Subhash Chandra-promoted Indian Cricket League (ICL). Former English Captain, Tony Greg, former Australian cricketer (and now commentator) Dean Jones and former Indian wicket-keeper and ex-chief selector, Kiran More, are going to be the other members of the ICL Board. Earlier, Subhash Chandra had remarked while announcing the formation of the ICL that: “It troubles me that the country with more than a billion cricket fans and a million cricket enthusiasts fairs so poorly at the international stage. A new approach must be taken for the sports to grow and prosper in the years ahead.” According to media reports, Kapil Dev is “delighted” to be a part of this League – particularly in this capacity – and he’s said that he would use his vast experience of many years to nurture young talent. “It’s a great pleasure to lead the Executive Board of the ICL, the first Professional League. I will try and utilize my experience of motivating and guiding players, both as a captain and as a coach, to take the young talent to the pinnacle of success,” he told the media.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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war, but the battle still needs to be settled. After tightening the flow of money by successively hiking cost of borrowing, RBI appears to have won the war against inflation, but the central bank says there is no room for complacency, and gave the signal that there is no immediate relief in the near future. According to the latest available data, inflation for the week ending June 16, 2007, from a year earlier rose by 4.03%, as compared to 4.28% for the previous week, slowest ever pace in the last 14-months. RBI has hiked overnight rates nine times since October 2004 to curb the domestic demand. Commenting on the inflation numbers, Finance Minister P. Chidambaram said, “The central bank tightening the monetary policy and rupee appreciation had helped moderate inflation; more rate rises may not be needed if the trend continues.” The guidance of Finance Minister is definitely a good sign for borrowers, but is it enough for banks to lower lending rates? Perhaps the answer is no. As banks are still struggling to overcome the increased borrowing cost, especially the PSUs, which didn’t even get a chance to hike rates. As inflation closely moves to the level the Reserve Bank of India had targeted for the medium term, it should prompt the central bank not to resort to further tightening of its monetary stance. Still, we would say that, that is simply our wish; ...but if only wishes were really horses...!