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…and of a popular trade leader Robber barons everywhere A think tank for Chennai Towards speedy justice Shaming of Tamils by Tamil farmers at Delhi Like Hinduism: many paths to reach God... Vibrant Gujarat Solar thermal shines… Tatas moving out of urea production... Poor quality of university VCs The rise and rise of KCP Telangana in top gear… Poor representation for Kerala and TN in Cabinet Permanent secretariat for TN GIM Waning interest in public discussions… Sweet news for TN sugar mills Nuclear power at the nucleus Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated B H Kothari - a tribute Liberal imports idling indigenous capacities Silver Years of Madras Musings The star of Spencers is no more More heat than light TELANGANA at last…BUT Adharma of opposition politics Airlines in India: cost and space Why this malaise in medical education? Delhi Chalo... Inflation: are we emulating Argentina and Brazil? When the President was rendered homeless… An informal presentation - analytical, forward locking... The rise and fall of Annamalai University The power-full Hindujas Which side are you, Montek? For whom the bell tolls? MHC should not return to its old indisciplined ways Cement prices continue to rise… Russi Mody – a tribute Modi storms Silicon Valley Don’t seem to feel the pulse… Put expensive assets created to use... Breaththrough in malaria control All eyes on Sankara Nethralaya Welcome GST When Ratan Tata visited SRM Streamlining mandatory third party cover West Bengal: mindless malignancy An inexplicable neglect Welcome focus on core competence CSR and CMI: promise of another Srinivasan Ramanujan... Roaring Ro-Ro facility The Swadeshi Trump Recognition to role of NBFCs.... Tribute – Manikam Ramaswami Land reclamation from sea appears cheaper! SoA @ 80 Tribute He continues the focus on social amelioration S V Raju – a ‘good’ true liberal Revive development banks... Wise Presidents Gas is the way forward The few handicaps... Excel Generators provide the vital back-up EEC at the National Media Centre A friendly business group Funding the un-funded Where a state respects its litterateurs… TGS- The king storyteller A glass full of corruption China invests in India Online not in line with brick and mortar businesses... Convulsions in The Hindu to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Colour-Chem’s colourful KRVS Odisha: spectacular win by Naveen Patnaik TN accounts for the largest recruits by the IT sector Of course, Gujarat is vibrant Delhi is distant… IAS invades NDDB... Not just in-laws (and outlaws); they’ve renowned academics at the helm! Fuel for thought Fortune 500 review When TN politicians can emulate Kerala's Make standards certification mandatory... Haul over the coal Naidu will soon build a new Hyderabad Small units prefers to remain small... A rich pool of talent not utilised…. Where is Rajaji? Solar, solar everywhere … Come elections, come advertisements... Infrastructure funding – lessons learnt Align crops to agro climate endowments… Return to king coal for urea... Parliament in paralysis... Kulandai was a giant Limit foreign borrowings to hi-tech, export potential projects... Demise of a media baron... Rs.1600 crore paper board plant of TNPL Auto components surge… Tatas moving out of urea production... Shipping woes of Chennai companies Shale gas and its shallow future Mersal magnified Tough task taking states together Whistle-Stop Tour of Raghuram Rajan Remembering Indira Sivasailam... Editor's Says Five star activism stalls development activity EVM is tamper-proof Readers' Mail Music happens Banning booze... GM Technology at last! This scant respect for Law ONGC at KG Basin Bihar – Nitish Kumar adopts the Lalu model The brown list of Venkitaramanan The Gulf aviation boom Protest masters... Delhi returns to BJP Reliance’s TV – 18 ready to launch Tamil News Channel Engineering seats go abegging Plummeting profits of PSBs Air Asia India will set new benchmarks for budget travel A welcome initiative by the judiciary No Maha Koottani in TN... L&T- the specialty of special purpose vehicles Pharma – overdose of copying Tribute – M V Murugappan Discoms deserve better… A C Muthiah – his munificent bequeaths to science No engine for this car Road development slows down Focus on quality of power - its only around 170-180V Fall in crude prices help in oil sector reform Modi and the lady Making ‘my Amaravati’... CRS, a jewel among managers, is no more. Welcome changes that testify to Jayalalithaa’s return to health TIAM turns a full cycle Noble nonagenarians... Cleaning Ganga – relocate tanneries and install electric crematoria Maximising the micro pricing … Another Indian music maestro at the UN Wanted: a second airport for Chennai London, London Narayan S Ramanathan – a versatile musician, musicologist Building loyalty through the stomach Boy, can you beat these? Strengthen the base... Welcome thrust on trade in Modi’s foreign visits... Tribute – UCAL Selvan… How Air-India loses customs... There was flood of milk. Reason: no milk commissioner! Secularism and anti-Hinduism Kinetic Karnataka He saved millions from starvation... Multi-faceted Venkat Gay abandon in pricing Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Polls and promises PC’s preference for professionals Alexa – Talking Wikipedia TN-leverage strength of BHEL, NLC... Computation of GDP – conundrums continue Fortune for Indian Airlines Sri Lanka votes for change Medical costs hit the roof... Mu Sigma – is no more Revving up the manufacturing sector A yen for wastage… New IT products of Ramco in the pipeline… More Shakthi to Das’ elbow A proud Madrasi Tihar, Puzhal not different from Parappana Agrahara CIPET hqrs to stay at Guindy – for the present? Marketing expert Balagopal is no more No mega rail project for Tamil Nadu Adapt Vajpayee dinner diplomacy Preserving for the future Intellectual of rare qualities Quality silica from Neyveli Things happen by accident and not by design... The ‘Jayanthi Tax.’ Tax agriculture A professional at the helm of IRDA... Valli, they are more marginalised Padma Bhushan for A Ramakrishna Naidu’s return augurs well for Seemandhra Measuring roof tops in terms of KW/MW Quality education through the PPP mode Bihar elections - the Rajaji formula worked Insurance companies bleeding, yet no decision on increasing FDI limit! Shanti and Sadhana through Music Sweeter prospects for sugar L&T: focus on infrastructure and more infrastructure… When nations steal growth from one another… Lalu’s envy, India’s pride F C Kohli - his concerns all embracing A more liberated TN… Delhi is distant IPL - no surprise this scam Lesson from Chandrababu Naidu The Ports’ Pasha expands into Tamil Nadu The ‘Ayyo-yes’ is no more Moily’s bold thrust Paytm karo... The sea- saw battle continues... Contrarian cousins Diamond jubilee of Egmore Samskrt School Build close rapport with business leaders GNS - 100: our first subscriber WTO Meet: resolved to meet again When online building permits work…. More Shakti to resource mobilisation... Godspeed, Chief Minister JJ An enemy’s enemy is a friend Muffled voices for merit… A Grand Finale for SN’s MS centenary at the US… R Sridhar steps down as CEO of Shriram Capital Why land prices zoom in TN? The why of tax incentives When small is no larger beautiful.. Eternal support for capitalisation of PS banks The balancing act The nuclear option Should we change the official year? Kudos to NDTV... IPL type auction for VCs? The Jan Dhan bonanza A Grand Finale for SN’s MS centenary at the US… Scientists urged to take up farmer-oriented research Editor's Notes TN – agglomerate land holdings without alienating ownership CII projects higher growth… Rahman at CIC Dr C Rangarajan returns to Chennai Cutting the nose to spite the face Increasing non co-operation of state leaders More tributes to GR For whom the MIDS bell tolls? PPP mode for upgrading Corporation Hospitals
 
IPL - no surprise this scam
“A BILLION betrayed for a few lakhs” is how the Times of India called it. The Hindu wrote, “Sreesanth puts IPL in a spot, fans in a fix.” That way, one needs to be neither shocked nor surprised. It was just waiting to happen.

The Indian Premier League (IPL) has been the most prolific revenue stream in recent years. It pulls crowds in the thousands on ticket prices that are astronomical. There are constant efforts at expanding the contours of entertainment: if in the earlier years it was a threesome cheerleaders of buxom, sexy dancers, today this includes dancers with local cultural flavours more fully clad. From the drinks served and the food offered to television ads, everything is expensive. With flourishing businessmen and superstars as team owners and with players bought through auctions, there is money all over the place.

In a system where players are bought on vastly varying prices, there is bound to be heartburn on the part of those at the lower rung. A few players at the top have been bought at million dollars, and those at the bottom paid just a few lakhs of rupees. Plus those bought at high prices may perform poorly compared to those at the bottom.

Purchases are made based on past performance and the stature of a player rather than his current capabilities. Like: Ricky Ponting bought for $400,000 by the Mukesh Ambani-owned Mumbai Indians. His record has been consistently poor despite the glamour of his opening the innings with the other celebrity Sachin Tendulkar. This most illustrious pair has been a disaster for MI in all the initial games featuring them. Mercifully, Ponting opted to sit on the bench and the Indian God of cricket still struggles to show consistency.


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