Leisure, Lifestyle & Wellness
Sachin Tendulkar to re-assess his future next month

Tendulkar said taking a decision on retirement after playing the game for close to 23 years will be a "hard one" and he will go by what his heart says

 
New Delhi: Masterblaster Sachin Tendulkar has for the first time admitted that at 39 he may not have much cricket left in him and will reassess his cricketing future next month, reports PTI.
 
Tendulkar's retirement has been a topic of debate for quite some time now and the batting great said though he does not have any immediate plans, the thought of retirement has been on his mind.
 
He said that taking a decision on retirement after playing the game for close to 23 years will be a "hard one" and he will go by what his heart says.
 
"The moment of retirement is going to be hard because I haven't experienced anything close to what I might go through when I retire. It depends on what my heart tells me then. I need not take a call right now. When I play in November, I will reassess things," he said.
 
"I am 39 and I don't think I have plenty of cricket left in me. But it depends on my frame of mind and my physical ability to deliver. When I feel that I am not delivering what is needed, and then I will re-look at the scheme of things. I am already 39 and no one expects me to go on playing forever," Tendulkar told 'Times NOW'.
 
India play a four-match home Test series against England starting on November 15 in Ahmedabad.
 
Tendulkar, who holds almost all the records in world cricket after playing 190 Tests and 463 ODIs, said that it would be a tough call for him to hang his bat and he will go by what his heart says.
 
"I don't know. It is going to be hard because I haven't experienced anything close to what I might go through when I retire. I cannot relate this moment with any other moment in my life. It will be a tough call. I will go with what my heart says," said Tendulkar, who has scored 15,533 in Tests and 18,426 runs in ODIs.
 
Tendulkar, however, refused to give a specific time frame for his retirement.
 
"Nobody decides in this manner. I do not know what is in store. I wish I knew. If I did know, I wouldn't have had to wait for 22 years to lift the World Cup. Perhaps, I would have done it in the first instance in Australia in 91-92 then.
 
"I am looking at it series by series. As long as I feel that I can deliver, I will continue playing. It also depends on what the team feels and whether I am motivated enough to continue being on top of the game."
 
Asked if his retirement would be from all forms of the game, he said, "It again depends on what my heart tells me then. I need not take a call right now."
 
Sunil Gavaskar had suggested that age has caught up with Tendulkar after he was bowled thrice in the recent home Test series against New Zealand, but he conceded that it was natural for others to raise such questions.
 
"Sunil Gavaskar has also said positive things about me. When there have been a lot of positive feedback as well, why keep harping only on the negative comments?" he asked
 
"Ultimately, if I am out, I am out. I can't get stuck on one article about me and try to create something that the person is hoping to create out of it. I need to stay focused on the game and constantly keep finding ways to improve myself," he said.
 
"There are two different things -- scoring runs and what I feel. For instance, if this three-wicket ordeal had happened when I was 25, no one would have questioned it. Incidentally, it happened when I am 39, so questions were raised. This is natural," he added.
 
Asked about another former captain Mohammed Azharuddin's comments that his reflexes have slowed down with age, Tendulkar said, "When I met Sir Don Bradman in 1998-99 on his 90th birthday, he told me that it is natural for a batsman to change after he is 30. I have played quite well for nine years after I turned 30. It is natural for any person to slow down as he grows older."
 
Tendulkar said he stays away from opinion of others about him to avoid getting affected.
 
"I have always stayed away from what people say about me, right from my younger days. My brother always told me that I need to keep away from all this to stay focused on the game.
 
Irrespective of criticisms or praises that come your way, it is important to stay focused and keep improving your game."
 

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Supreme Court seeks law officers’ assistance on plea against FDI

During an hour-long hearing, the SC bench said opening the retail sector to FDI is a policy matter and 'policy is exclusively in the domain of the government of the day'

 
New Delhi: The Supreme Court on Friday sought the assistance of top law officers, that of the Attorney General or the Solicitor General, in hearing a petition against the opening of the multi brand retail sector to foreign direct investment (FDI), reports PTI.
 
Without issuing notice to the Centre, a bench of justices RM Lodha and AR Dave asked the petitioner to serve the copy of the petition to Attorney General (AG) GE Vahanvati or Solicitor General (SG) Rohinton Nariman saying it needs some necessary clarification on the issue.
 
The bench, which posted the matter for hearing on 12th October, directed the petitioner to delete the name of the Prime Minister as a party in the petition.
 
While seeking the assistance of top law officers, the bench said, "We just want to have little clarity on the issue" as some link is missing.
 
During an hour-long hearing, the bench said opening the retail sector to FDI is a policy matter and "policy is exclusively in the domain of the government of the day. Some may say it is good and some may say it is bad but nothing is ultra vires." 
 
"These are matters dealt with exclusively by ministries," the bench further observed.
 
The court was hearing a public interest litigation (PIL) petition filed by advocate ML Sharma who has alleged that the notification was issued without the authority of law as approval of neither the President nor the Parliament was secured.
 
The bench, however, observed that "this assumption that the policy has to be in the name of the President is flawed and unfounded." 
 
While seeking the assistance of law officers, the bench told the petitioner that "there may be some provisions which you are unable to show." 
 
"Do one thing, for little clarification serve this writ petition to the Attorney General or the Solicitor General," the bench said.
 
During the hearing, the bench also wanted to know from Sharma whether subsequent to the government's circular on the issue of FDI in retail, any follow up circular was issued by the Reserve Bank of India (RBI) as there is some missing link in the petition.
 
The advocate said the RBI has not issued any regulation after 2008.
 
After hearing his submissions, the bench said it was concerned whether the circular issued by the government on the FDI in retail sector will have legal sanction.
 
The advocate contended that the recent FDI policy decision was not in consonance with the RBI regulations under the Foreign Exchange Management Act (FEMA).
 
When the advocate submitted that the opening of FDI in retail sector will affect the livelihood of 35 crore families as they were self-employed in kirana, food, vegetables and other small businesses and more than 20 crores people were trading on footpaths, the bench asked him to refrain from making these submissions.
 
"Do not bring all these submissions. The government perspective is different from your perspective. They feel differently and think that it will give more livelihood. Your concept may not be correct. We are on the legality and constitutionality of the policy," the bench said.
 

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SEBI initiates probe into 900-point 'flash crash' on Nifty

SEBI would also look into whether adequate safeguard mechanism was in place to avoid a 'flash crash' like situation, as the so-called freak trades were executed in a number of well-known blue-chip stocks, including some large banking shares

 
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has begun initial probe into the 'flash crash' of NSE index Nifty, which fell by nearly 900 points on Friday morning, halting the trade on the exchange for about 15 minutes, reports PTI.
 
While the National Stock Exchange (NSE) blamed "abnormal" orders placed by stock broker Emkay Global in multiple trades of various stocks at low prices for the crash, sources said that regulator is looking into all aspects of the incident.
 
NSE has claimed there were no technical glitches in its system and the crash was due to 'erroneous' trade orders worth over Rs650 crore by Emkay Global, which has been now disabled by the bourse for trading.
 
However, a senior regulatory official said that SEBI would look into whether adequate safeguard mechanism was in place to avoid a 'flash crash' like situation, as the so-called freak trades were executed in a number of well-known blue-chip stocks, including some large banking shares.
 
While there are no circuit filters in large blue-chip stocks, the market systems are generally well-prepared to handle any mischief or large erroneous trades.
 
The regulator is also concerned that the instances of 'freak trades' seem to be on the rise, including the recent one that involved the shares of Reliance Industries.
 
NSE said the abnormal orders were 'non-algo' in nature and were entered for an erroneous quantity which resulted in executing trades at multiple price points across the entire order book. The exchange has also identified these orders to a specific dealer terminal.
 
The incident occurred on a day when expectations were high for a significant upward rally on the bourses, following some major reform measures approved by the government last evening, including on foreign direct investment (FDI) in sectors like insurance and pension.
 
SEBI is also looking into the issues related to 'algorithmic' trade -- a latest-technology mechanism that allows execution of orders at a very high speed to take benefit of smallest of the change in share price, the official said.
 
This trade mechanism has been criticised in various quarters on apprehensions that it helps market manipulators to take benefit of the high-speed technology.
 
The trading had commenced normally today at both the BSE and the NSE, with the Nifty opening with a gain of nearly 27 points.
 
While trading continued normally at BSE, a 'flash crash' like situation occurred later in the morning at Nifty.
 
The NSE index showed a sudden fall of nearly 900 points or over 15% within seconds, triggering the circuit filter (maximum permissible limit of movement in the index), halting the trade at 0950 hours.
 
The NSE, on its part, said that the exchange's systems functioned normally without any glitch and the abnormal trades caused market closure automatically as the index circuit filter was triggered.
 
Trading resumed at NSE at 1005 hrs, NSE said, adding that the market is functioning normally since then and the incident is being investigated.
 
The Sensex had also fallen about 300 points in the morning, in reaction to the Nifty crash, as many stocks are common to the two indices.
 

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