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New Delhi: Former India captain Bishan Singh Bedi on Monday minced no words in excoriating Finance Minister Arun Jaitley over the alleged financial irregularities in the Delhi and Disctrict Cricket Association (DDCA), alleging that under the BJP leader’s tenure from 1999 to 2013 corruption in the cricket body grew manifold.
“Absolutely! Let me spell it out explicitly – the corruption in DDCA was because of Jaitley’s connivance,” Bedi alleged in an interview with Scroll.
Bedi said documents were obtained under the Right to Information Act and it was quite self-explanatory how corruption grew, while pointed out a few charges against DDCA.
The Indian spinning great said the contract for the reconstruction of the Feroz Shah Kotla stadium was awarded by DDCA to the Engineers Projects India Limited, a public sector undertaking, on May 12, 2003. It was supposed to have been completed in a year at a cost of Rs 24 crore. Subsequently, DDCA expanded the civil work to include construction of corporate boxes. The reconstruction was said to have been completed by December 15, 2008, at a revised cost of Rs 57 crore.
However, Bedi alleged, DDCA officials went on a contract-awarding spree – for supposedly more “civil work”, electric work, interiors and installing of generators. DDCA documents show that an amount of Rs 114 crore was spent on building the stadium till 2012. It was, however, alleged that another Rs 25 crore was spent between 2012 and 2015 on paying companies which had done little or no work.
“The question is: How did a stadium, envisaged to be built at a cost of Rs 24 crore, ended up costing Rs 140 crore?”
He further alleged that one of the companies which bagged lucrative contracts was Kaushnik Buildcast Private Ltd and a related entity, Kaushnik Fab. Both were given contracts worth Rs 11 crore for “data cabling” and “interior work”! Documents revealed that Kaushnik Buildcast Pvt Ltd was incorporated as a company on June 29, 2009 – that is, a good six months after DDCA officially declared that work on the stadium had been completed by Dec 15, 2008. Then again, Kaushnik Buildcast Pvt Ltd turned out to be a front company with a fake address. Contracts were awarded without calling for competing bids.
“The various inquiry reports have a plethora of information which suggests a web of financial transactions involving sham companies with fake names and even fake addresses. There are allegations of round-tripping, of contracts being awarded without tender, for work which allegedly did not work. Apart from these charges of fraud in the reconstruction of Feroz Shah Kotla stadium, nepotism in selection and corruption in DDCA had always been there.”
He rubbished Jaitley’s claim that he wasn’t involved in day-to-day functioning of the DDCA.
“Well, if he says he wasn’t involved, then he should tell us who was involved. Assume you are the boss of a media organisation. Can you claim you don’t know what kind of activities four-five journalists under you are involved in? The blame lies on you.”
“Absolutely! Let me spell it out explicitly – the corruption in DDCA was because of Jaitley’s connivance,” he said, adding that nepotism in selection of players was also rampant.
“There were plenty of examples of overage boys playing in Under-14 or Under-19 teams.”
When asked if people could get into a junior team by paying officials, he said, “Absolutely. Why do you think Nikhil Chopra resigned as chairman of junior cricket, and so did Sunil Valson?”
Be said he wrote as many as 200 letters to Jaitley complaining about the functioning of DDCA but the BJP leader never replied.
“In fact, last July, I wrote to Prime Minister Narendra Modi. I didn’t receive any reply.”
When asked what did Jaitley gain from allowing DDCA to become a cesspool of corruption, his reply was categorical.
“Tell me, what hasn’t he gained from it? On Thursday, December 18, he said he was president of DDCA till 2013. But even today, not a leaf stirs in DDCA without his permission, not even in BCCI. Who do you think has appointed Rajeev Shukla as chairman of the IPL [Indian Premier League] governing council? Do you know who are among the directors of Hockey India? The answer: Rajeev Shukla, Arun Jaitley and Narinder Batra. Could you tell me why? If there is nothing to gain from all this, then why do they indulge in so much of manipulation?”
Bedi said now the way the CBI raid was conducted (on Kejriwal’s Principal Secretary), Jaitley has ended up axing his own foot.
“It has backfired on him. I find it funny. But it was waiting to happen. The mess in cricket is simply enormous. This is happening in Delhi, mind you. Imagine what is happening in Hyderabad, Goa and such other places. The BCCI is registered under the Societies Act, but its affiliates – Punjab Cricket Association, Himachal Cricket Association, Haryana Cricket Association – are registered as companies.”
He specifically mentioned about a toilet in Feroz Shah Kotla stadium on which Rs 4.5 crore was allegedly spent.
“You should see it. The whole bloody place stinks. In his blog Arun Jaitely has written that the Commonwealth stadium was constructed for Rs 900 crore. Well, I’d want to tell him that the person (Suresh Kalmadi) who was responsible for constructing the stadium has many cases pending against him.”
Bedi said the way forward was to abolish “this company called DDCA”.
“It has to be registered under the Societies Act. You have to introduce secret ballot voting by the members or the clubs. They do it in Karnataka, Mumbai and Tamil Nadu. It is not that people don’t perpetuate their rule there. But they do care about cricket.”
He said he was was grateful to Kejriwal and company for their efforts in this regard.
“If the nation today has sat up and taken notice, it is only because Kejriwal has jumped into the fray… It has never happened before that the chief minister of Delhi would get so involved in finding out the happenings in DDCA.” (Image: Newstracklive)
By- Blogger Indifi
EMI is known as equated monthly installments. It is a fixed payment made by the borrower each month to repay the loan amount. The EMI is divided into two loan components. One is the principal amount, and the second is the interest amount. Whether you are applying for a personal loan, business loan, home loan, car loan, or education loan, EMIs are easy to calculate using the EMI loan calculator.
Three parameters based on which EMI calculator works:
- Loan amount.
- Repayment tenure.
- Rate of interest (offered by the lender).
Factors that affect the Loan EMIs
Above, we have discussed the main parameters on which loan EMI is based. Here are the factors that affect the EMIs.
Changes in the loan interest rate: There are three loan interest rates -- fixed, floating, and hybrid.
When an interest rate offered on a loan is fixed, in that scenario, there are no changes in the EMIs.
A floating interest rate is linked to the marginal cost of the fund-based lending rate and can change the loan EMIs. As the rate is flexible, it keeps changing per the repo rate.
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If you have taken the loan on a hybrid interest rate, the interest rate is fixed only for a particular tenure. After that, it is on MCLR to decide the interest rate, and based on the determined interest rate, the EMI changes.
Tenure: When you opt for a loan transfer from one lender to another, there may be a possibility of change in the loan tenure. It will also bring changes in the EMI calculations. If the tenure increases, it will decrease the EMI. In case the tenure is reduced, EMI will increase.
Sample loan chart of a business company Image source: wikimedia commons
The loan amount of repayment is also a reason that affects a loan's EMI. If you make a loan prepayment, it reduces the outstanding principal amount, based on which the EMI amount or tenure is changed.
Benefits of using an online EMI calculator:
- Find out exact EMIs to be paid monthly for any loan.
- Saves time.
- Get a detailed overview of loans applied using the amortization schedule.
- Plan your monthly finances well in advance.
You can set multiple schedules and loan tenures. After a detailed schedule comparison, choose the one that suits well with your financial requirements.
Significance of loan amortization schedule in EMI calculator
A loan amortization schedule data shows the EMI break-ups. It shows how much EMI you need to pay for interest and what you will pay as the principal amount. It is one of the most significant advantages of using the EMI calculator. The EMIs that you pay as principal will keep reducing the loan's principal amount. It will also result in decreasing the interest amount. You will get to know all these things when you use the EMI loan calculator frequently. The amortization schedule is one of the essential features of an EMI loan calculator that helps design the proper prepayment schedule.
The different types of EMI calculators
Home loan EMI calculator
Home loans are one of the most popular and common loans applied for in India. It has a long tenure and a sizable principal amount. Whenever you apply for a home loan, it is essential to do all the EMI calculations in advance. There are various home loan EMI calculators available online with every home loan provider. All that is required to calculate the EMI is the loan amount, tenure, and interest rate. Using a home loan EMI calculator can help you easily plan your finances.
Business loan EMI calculator
Like home loans, business loans also come with a massive principal amount and longer tenures. So, using the business loan online EMI calculator is a smart way to calculate the business loan EMIs. Requirements are the essential loan details, such as repayment tenure, interest rate, and the loan amount. Online, equated monthly installment is automatically calculated at the lender's website.
Personal loan EMI Calculator
Personal loans are multipurpose. It is the reason they are considered as the most applied loan to meet immediate financial requirements. For choosing the right loan amount, you must use the personal loan EMI calculator. It will help you to choose the best interest rate loan offer and tenure. Try to go with the shorter term to pay less interest on the principal amount.
Sample of External Loan amounts Image source: wikimedia commons
Education loan EMI calculator
Education costs increase each year and can cause financial strains on a family. If you are planning to send your child overseas for higher education by applying for an education loan, at that time, the EMI calculator proves to be the best online financial tool. It will help you to decide the right EMI amount where your daily expenses remain unaffected.
Simple interest loan EMI calculator
An EMI calculator is used to calculate the simple interest applicable on the loan amount for a specified tenure. It is one of the most accessible financial tools. All that is required is tenure, a simple interest rate, and the borrowed amount. After that, click on 'calculate' to know the exact EMI to be paid.
Loan against property EMI calculator
If you have any residential or commercial property registered in your name, you can apply for a loan against the property. It is a kind of secured loan, where the property is kept as collateral. To understand how EMI works under this loan scheme, use the loan against the property EMI calculator.
Overall, EMI loan calculators are one of the best financial tools to compare varied loan offers. It provides a clear picture of the total cost of the loan and respective EMIs to be paid monthly. Online EMI calculators are available on every lender's website; whether you are applying for a business loan online, home loan, car loan, personal loan, or any other loan, using the online EMI calculator can help. Just with a click of a mouse, you can keep control of your financial life.
The online EMI loan calculator has been programmed with the formula based on the loan applied. There is no need to worry about the accuracy of the result. All that you are required to share for the calculator to do its job accurately is the right amount, tenure, and interest rate offered by the lender.
Disclaimer: (This article is sponsored and include some commercial links)
The symbol of Swastika is known to signify peace, prosperity, and good fortune in the religious cultures of Eurasia. In fact, this symbol is considered very significant in Hinduism, Buddhism, and Jainism. But, at the same time, it has become one of the most misunderstood religious symbols and has been globally banned in many countries.
The reason why the symbol of Swastika is banned in many countries is because of its association with Adolf Hitler's extreme political ideology, Nazism, as Swastika as its official symbol.
Austria, France, Latvia, Spain, Germany, and Russia are amongst the many countries that have banned the display and use of the Swastika.
Moreover, last week Victoria in Australia is preparing to become the first-ever state to ban the public display of the Swastika. This is a step towards an expansion of anti-vilification laws in the state.
Representation of the Swastika on the flag of Adolf Hitler's Nazi Movement.Photo by Flickr.
Now, we must know and understand what went wrong with this symbol, which is sacred and signifies all-good things.
For a very, very long time, in India, the Swastika is the first emblem that is worshipped or even drawn before any sacred and auspicious ceremonies as this symbol in Sanskrit represents 'well-being'. But, the Swastika lost all its credibility when it was wrongfully used by Adolf Hitler.
In fact, it is believed that if this symbol is worshipped properly, then it gives positive results. But if it is abused, then it gives negative results. So, when Adolf Hitler rotated the Swastika at 45 degrees, it slowly and steadily brought misery not only to Adolf Hitler and his theory of Nazism but also to all the people who were associated with him.
Therefore, in order to give the kind of respect and credibility which the Swastika deserves, World Interfaith Harmony Week which was held in New York in February this year, interfaith groups appealed to the United Nations to recognize and acknowledge the Swastika as an important and peaceful symbol. In fact, they also differentiated it from the Hakenkreuz or "Hooked Cross" of Adolf Hitler.
Keywords: Swastika, Symbol, Nazism, Hinduism, Adolf Hitler, United Nations, Buddhism, Jainism
India celebrated a historic day on August 7, as 23-year-old Neeraj Chopra became the first Indian to win an Olympic gold medal in athletics. In the men's javelin throw event, he achieved his greatest triumph, throwing the javelin 87.58 meters on his second try.
Neeraj Chopra was born on December 24, 1997, in Khandra village in Haryana's Panipat district. He grew up in a Haryanavi family of farmers. He is the brother of two sisters. He graduated from Dayanand Anglo-Vedic College in Chandigarh and is now enrolled in Lovely Professional University in Jalandhar, Punjab, pursuing a Bachelor of Arts degree. Chopra was bullied due to his obesity as a kid, which prompted his father to enroll him in a nearby gym. He then joined a gym in Panipat, where Jaiveer Choudhary, a javelin thrower, noticed his potential and coached him. When the 13-year-old Chopra finished training under Jaiveer for a year, he was enrolled at the Tau Devi Lal Sports Complex in Panchkula, where he began training under coach Naseem Ahmed.
In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018. | Wikimedia Commons
Chopra's first international medal came in 2014, as he took home a silver medal at the Youth Olympic Qualification Tournament in Bangkok. In 2015, he set a world record in the junior category of 81.04 meters in the 2015 All India Inter-University Athletics Meet.
Since emerging into the public eye with a historic gold medal at the junior world championships in 2016, he has maintained a high level of performance, setting an Under-20 world record of 86.48m, which still stands. Gold medals in both the 2018 Commonwealth Games and the 2018 Asian Games are among his other accomplishments, including a first-place in the 2017 Asian Championships. In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018.
Chopra has also had his share of bad events in life. In 2019, he underwent surgery on the elbow of his right throwing arm, which kept him out of the game for almost a year. However, he returned more robust than ever. In November 2019, he went to South Africa to train from Klaus Bartoneitz. He spent the following year in India training at the NIS Patiala because of the COVID-19 pandemic. He was allowed to go to France with his coach after weeks of trying to get a travel visa.
Neeraj Chopra made history in the 2020 Tokyo Olympics by becoming the first Indian to win a gold medal in athletics. Also, it is worth mentioning that after Abhinav Bindra, Chopra is only the second Indian to win an individual gold medal.
Keywords: Neeraj Chopra, Olympics, Tokyo2020, Gold medal, javelin, India, Haryana