BCCI to constitute working group on IPL verdict

July 19, 2015

Mumbai, Jul 19: Under pressure to resolve the crisis triggered by Justice R M Lodha committee's verdict on the IPL betting scandal, an embattled BCCI today decided to constitute a working group to study the order and give recommendations within six weeks.

bcciThe decision to form the group was taken at the crucial IPL Governing Council meeting here where members discussed the implications of the verdict, suspending Chennai Super Kings and Rajasthan Royals from the IPL for two years.

The BCCI said that it will adhere to the verdict in totality. The Board will reveal the names of the working group members tomorrow.

"BCCI respects the verdict of the Lodha Commission and will abide by their decisions, in toto. The members recognised that there is an urgent need to understand the impact of this decision and the wider ramifications for BCCI in detail, so as to uphold the paramountcy of the game in our country," the Board said in a statement after the meeting which lasted little over an hour.

"The IPL GC hence authorised the Chairman, Shri Rajeev Shukla, to constitute a working group which will study this verdict, in consultation with all our key advisors and explore all the possible measures to be adopted, with an objective to protect the interests of all the stakeholders involved," it added.

The Board said the recommendations of the group will be sent to the BCCI's all-powerful working committee.

"This group will work within a time bound period of 6 weeks and report their recommendations to the IPL GC, which will deliberate and share their views with the working committee of the BCCI, for further action," it said.

IPL Chairman Rajeev Shukla said the members of the group would be finalised by tomorrow.

"House has entrusted me with responsibility to make a small group that will take 6 weeks to submit a report as to how we implement the order and way forward for IPL.

How to conduct IPL, how many teams and all stakeholders CAC members, sponsors, broadcasters, state associations, legal experts that report will come to GC and it will go WC which will take decision," Shukla said.

"Members will be announced tomorrow. We have decided to implement Justice Lodha verdict in spirit and decided to work accordingly. All stakeholders have given their opinion, everybody is of the view that the show must go on. And I reiterate that IPL 9 will be bigger and greater," he asserted.

Shukla, however, refused to reveal the details of today's meeting and took a jibe at former BCCI President Shashank Manohar for demanding that CSK and RR be terminated.

"We cannot divulge the deliberations of the meeting. A sub-group has been constituted which will recommend what needs to be done.

"A Supreme Court-appointed committee has deliberated on it (the IPL scandal) and after it has given its verdict, I don't think there is scope for anybody else to comment," he said.

BCCI President Jagmohan Dalmiya skipped the meeting as he is indisposed, while Ajay Shirke, Ravi Shastri and Jyotiraditya Scindia joined through video-conferencing.

The meeting was result of the turmoil triggered by the Justice Lodha committee verdict.

Star-studded Chennai Super Kings, two-time IPL champions, and inaugural edition winners Rajasthan Royals were suspended from the T20 League for two years as punishment for betting activities of their key officials Gurunath Meiyappan and Raj Kundra during the 2013 season.

Meiyappan, the former Team Principal of CSK, and Kundra, co-owner of the Rajasthan Royals, were suspended for life for indulging in betting and bringing the IPL and the game into disrepute.

Justice Lodha Committee was constituted by the Supreme Court in January this year with its terms of reference being to announce the quantum of punishment against Meiyappan, Kundra and the two franchisees -- India Cements Ltd, owner of CSK and Jaipur IPL, owners of Rajasthan Royals.

Justice Lodha has said that the BCCI was free to terminate the indicted franchises.
Lodha's clarification came in the wake of some confusion over the committee's proposal, specifically over the extent to which the BCCI can act against the two franchises as follow-up to the committee's decision.

Clause 11.3 (c) of the BCCI-IPL franchise agreement says the agreement can be terminated if "the Franchise, any Franchise Group Company and/or any owner acts in any way which has a material adverse effect upon the reputation or standing of the League, BCCI-IPL, BCCI, the Franchise, the team (or any other team in the League) and/or the game of cricket."

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Agencies
January 1,2020

New Delhi, Jan 1: On the New Year's eve, the railways announced fare hike across its network effective from January 1, 2020, according to an order issued on Tuesday.

While suburban fares remain unchanged, ordinary non-AC, non-suburban fares were increased by 1 paise per km of journey.

The railways also announced a two paise/km hike in fares of mail/express non-AC trains and four paise/km hike in the fares of AC classes.

The fare hike is also applicable to premium trains such as Shatabdi, Rajdhani and Duronto, according to the order.

In the Delhi-Kolkata Rajdhani, which covers a distance of 1,447 km, the hike at the rate of 4 paise per km will be around Rs 58.

According to the order, there will not be any change in the reservation fee and superfast charge and the hike in fares will not be applicable to tickets already booked.

The last such hike was announced in 2014-2015 when fares of all classes of trains were raised by 14.2 per cent and freight charges by 6.5 per cent. However, since then, the railways introduced the flexi-fare scheme which significantly raised fares on select trains and launched trains like Vande Bharat Express and Tejas Express which have relatively higher fares. Trains with dynamic pricing like Suvidha Express were also introduced.

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News Network
August 8,2020

Kozhikode, Aug 8: A family of five, returning to their hometown at Koducalli in Kozhikode from Dubai, were aboard the fateful Air India Express flight that crash-landed at the Kozhikode airport claiming at least 18 lives on Friday.

Saifudheen, 40, is a businessman in Dubai. During the vacation when schools were closed here, his wife Fasalunnisa travelled, along with their children Muhammad Shahil, Fathima Sana and Aysha Shanza, to meet her husband.

On Friday, they were all travelling in the Air India aircraft to Kozhikode.

All five have received injuries and have been admitted to Baby Memorial Hospital Kozhikode except Sana, who is admitted to Al Shifa Hospital at Perinthalmanna in Malappuram.

"Saifudheen is my uncle. He and his family members were returning from Dubai when this unfortunate incident occurred. We were informed about the mishap at 8 pm. Now the family members have been shifted to Baby Memorial Hospital and everyone is fine now," Muhammad Salih, nephew of Saifudheen said.

The death toll in the flight crash landing incident at Kozhikode International Airport in Kerala rose to 18, including two pilots, Civil Aviation Minister Hardeep Singh Puri said on Saturday.

The minister said that he will visit the Kozhikode airport to take stock of the situation.

Two special relief flights have been arranged from Delhi and one from Mumbai for rendering humanitarian assistance to all the passengers and the family members.

Aircraft Accident Investigation Bureau (AAIB), Directorate General of Civil Aviation (DGCA) and Flight Safety Departments have reached to investigate the incident, the Air India Express stated.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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