Leisure, Lifestyle & Wellness
Clean up the Indian Olympics Association, petitions Ashwini Nachappa

We need sports people to run the Indian Olympic Association instead of politicians, says Ashwini Nachappa in a petition to the sports minister on change.org


Ashwini Nachappa (a famous retired athlete) has petitioned sports minister Jitendra Singh on change.org to clean up the Indian Olympics Association, wherein she says, “We are aware of the rampant corruption within the Indian Olympics Association (IOA). We have all seen that despite the evidence against Suresh Kalmadi, Lalit Bhanot and others, the Indian government and the IOA have refused to clean up its act.” She fears that this could potentially kill the Olympic dream of thousands of young athletes who are preparing for the upcoming Olympics.

This petition is consequent to the International Olympic Committee (IOC) suspending the IOA because of government interference, putting a bar on India’s Olympic participation. This is because the IOA failed to conduct the elections in accordance to the IOC’s norms.

Nachappa appeals to the sports minister to ensure that sports people run the IOA. She says, “I believe that in the interest of sports in India, we need sports people to run the IOA instead of politicians. Sports people know what is required and will keep the interest of sports above their personal interests.”

In an appeal to her fans and sports lovers, she adds, “Join me in demanding a clean up of the IOA, and sign the petition on change.org.” The petition has already been supported by 702 people.

Nachappa’s specific demands of the sports minister include derecognising the current IOA, appointing an ad hoc committee of eminent sports personalities and conducting free and fair elections for the association.

She wants all sports lovers to sign her petition to disband the IOA and reconstitute it with people who understand sports and truly want to develop the sporting talent of our nation.

Finally, Nachappa in her appeal to all politicians says, “This is also an appeal to all political parties to not allow their party men run the business of sports, as they are elected representatives who need to work for its people and not cause such huge embarrassment to India’s name. It is time the politicians who know nothing about sports left the management of sports to professionals and sportsmen.”

Nachappa’s petition is addressed to:
Minister of Youth Affairs & Sports (Jitendra Singh)
Secretary, Sports (Pradeep Kumar Deb)
Joint Secretary, Sports (Onkarmal Kedia)
Joint Secretary, Sports (Rahul Bhatnagar)
Minister of Youth Affairs & Sports (Jitendra Singh)
President of India (Pranab Mukherjee)

Clean Sports India has been working towards cleaning up sports in India since the last two years and Nachappa is a part of this movement.



Hindi-Chini Buy-Buy: India needs to become self-reliant to safeguard its industries

We continue to import a lot of rubbish that can be easily made in India and at comparatively competitive prices, employing millions of Indians and using our raw materials

Indians woke up from their deep slumber on the morning of 20 October 1962, when Zhou En Lai, the then premier of China, who had lend his voice to the “Panch Sheel” policy of Jawaharlal Nehru, took the boldest step of attacking India, which was totally unprepared for this military onslaught. Zhou En Lai wanted to teach India a ‘lesson’. And he did!


In the three weeks old war, which India lost humiliatingly, because of inadequate equipment and personnel; our borders were truly unguarded. Since India did not belong to any power blocks and military alliances, ‘friendly’ western countries gave lip service while Russia played behind-the-scene and brokered a ceasefire.


After this three-week war, it has not been Hindi-Chini bhai-bhai. And it has taken more than a couple of decades, in real sense, to normalize relations, though outwardly.


In the meantime, every attempt made by India to become a permanent member of the UN Security Council, has been met with opposition from China, due presumably to their own interests and goaded by their political ally Pakistan which does not want India in that exalted position.


The stalemate in this area continues. After all, Hindi-Chini are bhai-bhai, aren’t they?


However, with the liberalization of trade, the two-way biz has been slowly improving, with Chinese exports to India exceeding their imports. It took a long time for the Indian industry to put up resistance and ensure inferior quality equipments, particularly for the power industry, coming into the country. The import duty on certain categories was increased to 21% to protect the indigenous manufacturers.


Whether the poor quality supplies were as a result of technical incompetence of the supplying factories or intentional to retard the Indian progress would be interesting to debate, but will then get us nowhere.


However, in the meantime, due to Chinese policy of permitting foreign direct investment, all over the country thousands of manufacturing units came up, resulting in a gigantic leap forward. Millions of Chinese became gainfully employed and western investors were not aware of the poor wages paid to the workers. Their profits on investments are important and not pontification of virtues.


Literally, overnight, China became the principal supplier to the US of thousands of items; it became the leader in the apparel industry with Bangladesh becoming a close second; India, despite its technical advantage of raw materials and trained man/woman power lags behind as the third, even today.


In the meanwhile, with the wealth created, China has become, in the last one decade, the holder of trillions of dollars worth of US Treasury bonds. Yuan (also known as the Remenbi) which is not allowed to float freely due to the strict Chinese central bank policy, is inching its way to dislodge the mighty dollar as the world's reserve and strongest currency!


Perhaps, the yuan is more dependable than the US dollar!


As we turn towards India, the export of iron ore to China took a real beating last year, thanks to our own home-grown corruption and the associated scams on its export. The matter is still under investigation, but export is banned for the time being. Buyers, naturally, are smart enough to tap new sources of supply.


In the past, millions of tonnes of iron ore from Karnataka and Goa have been shipped to China to keep their steel mills going, but, because of this Indian ban, and thanks to the slowdown experienced in the steel market world wide, revival of the sector is likely only in the second part of 2013. India needs to take this as a wake up call and do whatever is needed to prevent such stoppage of shipments.


Meanwhile, with the kitty bulging with trillions of dollars and to support the indigenous manufacturers of various equipments, China has embarked on an overseas lending spree!

Project financing by China with various Indian companies have reached a substantial amount of $6.602 billion in terms of investments and debts. Lanco group (power projects), Reliance Energy (renewal energy) and Uttam Galva Steel are the major organizations who have sourced their funds from China!


It is a wonder why Indian banks were not able to at least match their Chinese counterparts in capturing the Indian business that has gone to China? If such a situation was in any of the western countries, their president or prime minister would have taken it upon himself and led a business delegation to champion their cause and seek directly to influence the country leaders concerned.


In India, unfortunately, our leaders are battling more with their own political opponents to hold on to their positions, rather than go all out on a war footing to seek business for the country and ensure employment and productivity on our own soil.


As for China, it is still Hindi-Chini bhai-bhai and all that we do and continue to do, is to import a lot of rubbish that can be easily made in India and at comparatively competitive prices, employing millions of Indians and using national raw materials.


We need to seriously reconsider our relations with China, strongly on commercial terms so as to flex our muscle on the political arena. Only a stronger commercial approach, in terms of curtailing our imports from China will give them the wake-up call.


(More: Articles by AK Ramdas)


(AK Ramdas has worked with the Engineering Export Promotion Council of the ministry of commerce and was associated with various committees of the Council. His international career took him to places like Beirut, Kuwait and Dubai at a time when these were small trading outposts; and later to the US.)



Dr Anantha K Ramdas

5 years ago

Thanks Mr Bharati for your views. Every Chinese product you buy indirectl contributes to industrial growth and employment in China while our fellow Indians are looking for jobs and for using our natural resources.

Likewise, if you want delivery for heavy electrical equipment from BHEL or similar organizations, their delivery commitments are 2/3 years from date; why not all these major power equipment manufacturers expand their Indian production capacities and literally work overtime to meet our own demands?

If you study the Reserves and Paid up capital of a large number of companies, most of them have 20 to 40 times the capital employed; no doubt some of them give good dividends, but their expansion and related activities are solely dependent upon the promoters.

I do not know why will bell the cat, but the Government must direct them to invest and expand in India, rather than making press statements that they are looking for oversea expansion and investments.

Spend in the country first, and if you still have excess and manpower capacity, go overseas!

And stop importing cheap items from anywhere, not necessarily from China, who, in any case, does not support us anywhere, and strongly, and wilfully, supports Pakistan.

Our Policy needs a radical change.


5 years ago

1. Do NOT buy rubbish and you'll have good savings!

2. India supported China's permanent membership in the UN. Remind the Chinese every time.

China is very clear that every inch of land is important. It is intelligent enough to support Chinese culture, people and language everywhere, unconditionally.

3. Why wait for a leader? All change usually comes from small ordinary folks: buy locally made goods or nothing. Avoid huge supermarkets / malls, buy from small vendors and support your citizens' livelihood.

Supreme Court accommodates ‘shaky’ Sahara; gives time till February to repay

Unlike its earlier order that imposed severe time restrictions on Sahara, the apex court today gave the Subrata Roy-led Sahara Group time till February to repay Rs24,000 crore it had raised from investors through bond sales plus an interest of 15% on the amount. This order is quite different in spirit from the earlier order

Giving more time to the Sahara Group, the Supreme Court on Wednesday asked Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corporation (SHICL) to refund Rs24,000 crore of investor's money by February next year.


A bench headed by Chief Justice Altamas Kabir asked Sahara India Real Estate Corp and Sahara Housing Investment Corp to deposit first demand draft of Rs5,120 crore immediately with market regulator Securities and Exchange Board of India (SEBI) and the balance in two instalments.


The apex court told the Sahara Group to pay first instalment of Rs10,000 crore by first week of January and remaining by first week of February. The amount will have to be paid by the Sahara Group with 15% interest as per the 31st August directive, the Supreme Court said.


Yesterday, the Sahara Group was given one more day by the apex court to spell out when it would return Rs27,000 crore invested by people in its group companies.


Chief Justice Kabir had come down heavily on the companies for not implementing the apex court's order and said they are not entitled to a hearing, but finally agreed to hear Sahara's plea saying he is more concerned about investors’ money.


On Monday, the apex court rapped the Sahara Group for not refunding Rs27,000 crore to investors, saying its every step was “very shaky” and questioned its ‘unjustifiable’ conduct against the interest of the common investors.


Last week, the Sahara Group, through newspaper ads claimed that from 1978 to 30 September 2012, it received/raised Rs2.25 lakh crore from the public. The company claimed that so far it repaid Rs1.7 lakh crore to its 14.7 crore investors and as on September end has a net outstanding liability of Rs54,364 crore.


Market regulator SEBI had insisted that strong action be taken against the Group's companies and said that it has also filed a contempt petition against them.


The court was hearing the Sahara Group's plea against the order of Securities Appellate Tribunal (SAT) which had dismissed its petition against market regulator SEBI in a case involving refund of about Rs24,000 crore with interest to about three crore investors.


In their appeal before the SAT, two Sahara Group companies had sought the Tribunal's intervention in refund of investors' money and had accused the market regulator SEBI of wrongly charging them of non-compliance with a Supreme Court order in that regard.


The Tribunal, however, had said that any further direction in the case could be sought and granted by the Supreme Court alone and dismissed the appeal.


The apex court had asked SIRECL and SHICL to refund an estimated Rs27,000 crore with an annual interest of 15%.


Earlier, the court had asked the companies to furnish the documents related to these investors to SEBI within 10 days and refund the money within three months, failing which the regulator was asked to freeze the accounts and attach properties of the two companies.


In a statement sent through PR Agency- BNK24x7,  Satish Kishanchandani, Counsel for Sahara stated, "Sahara had offered to pay the amount payable to the outstanding OFCDs holders. Sahara had kept two Pay Orders ready. As per the certificate of the statutory auditor, the outstanding liability of both the companies towards the outstanding OFCDs is Rs2620 crore only as on 30 November 2012. On 30th November, Sahara offered pay orders of Rs2,620 crore and also a buffer amount of Rs2,500 crore subject to certain verification of some pending/continuing at company's end."

"However, the Supreme Court directed that Sahara should pay Rs17,400 crore along with interest as stated in the Order. Today, Sahara was ready to offer Bank Guarantee of Rs14,780 crore so that this amount plus Rs2,620 crore would become Rs17,400 crore. Pay Orders for about Rs5,120 crore should be paid to SEBI and the remaining amount be paid in two instalments Rs10,000 crore in the first week of January 2013 and the remaining amount in the first week of February 2013. As Sahara has already redeemed OFCDs, SEBI is required to return the excess amount if any, to Sahara after payments to the outstanding OFCD holders. Till the time the said amounts are repaid to Sahara as aforesaid to that extent there would be double payment," the release said.



nagesh kini

5 years ago

Who says Sahara is shaky? It believes it is too big to fall!

Vikas Gupta

5 years ago

Sahara knows very well how to manupulate the things.

Vaibhav Dhoka

5 years ago

One should read pamphlet by Society for fast justice has bought to light the ills of our judicial system and in present day judicial intervention is taken to give burial to frauds/scams etc as it takes years or decades to get court verdict.

Vaibhav Dhoka

5 years ago

This is typical way How to hoodwink Indian investor taking umbrage of JUDICIARY.Here I recall the judicial intervention in CRB scam.About 15 years have passed not a single penny has been received to a investor.Judicial process is used to suppress the scam.Therefore IT is HIGH TIME that all JUDICIAL process and action be reviewed.

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