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In addition, the Board of Control for Cricket India (BCCI) has made investments worth nearly Rs.7.5 billion ($190 million; 93.5 million pounds) and its 'current assets, loans and advances' stand at almost Rs.2.1 billion ($53 million; 26.2 million pounds), as per its 2006-2007 annual report, a copy of which is with IANS.
Out of its total assets of Rs.9.6 billion, the board has 'fixed assets' of Rs.71 million ($1.8 million; 891,268 pounds) at the end of the 2006-2007 fiscal year. The worth of the fixed assets has shot up from Rs.16.3 million ($416,007; 204,657 pounds) during the previous fiscal year.
BCCI's marketing committee, headed by vice president Lalit Modi, is credited with bringing in most of the money during 2006-2007. Income from grant of media rights alone stood at Rs.3.1 billion ($80 million; 39.3 million pounds).
The BCCI spent Rs.37.5 million ($956,301; 470,459 pounds) on its brand new, all-glass headquarters, 'Cricket Centre', built on the Mumbai Cricket Association (MCA) land inside the Wankhede Stadium, venue of the seventh India-Australia One-Day International Wednesday. This amount is an additional expenditure during the year and is in "excess of the budget", says the report.
The prominent fixed assets include 'improvements to leasehold premises' worth Rs.26.1 million ($664,299; 326,805 pounds); furniture and fixtures worth Rs.13.9 million ($354,646; 174,470 pounds); 'intellectual rights' under intangible assets worth Rs.3.9 million ($99,390; 48,896 pounds); office equipment worth Rs.8.5 million ($217,685; 107,091 pounds); air conditioners, refrigerators and water coolers worth Rs.7 million ($179,453; 88,283 pounds); 'buildings' representing the National Cricket Academy Indoor School constructed on land owned by the Karnataka State Cricket Association in Bangalore, worth Rs.3.7 million ($95,229; 46,848 pounds) and trophy replicas and cricket memorabilia worth Rs.1 million ($26,413; 12,994 pounds).
It looks like KCR desperately wants mid-term elections to be held right now and that there would be coalition government at the centre once again. He is of the fond hope that the TRS would get a minimum of 12 Lok Sabha seats this time. Since the Left parties would not be part of the UPA government this time, because of the nuclear deal, the UPA would have to depend on the other friendly parties. The TRS would, thus, play a crucial role in making or breaking the UPA government. Since the TRS would get 12 Lok Sabha seats, it would be in a strong position to bargain for separate Telangana State , which would be a pre-condition for joining the UPA government. And there would be no choice for Sonia but to accede the Telangana State .
Well, all this appears to be hypothetical, but KCR is visualizing such a scene. The more the elections are delayed, the less will be the chances of the Congress getting consolidated and it might not need the TRS support much. The situation, then, would come back to square one for KCR!!
"The chief minister does not utter a sentence without making a reference to me. He is so obsessed with me that he drags me into every conceivable controversy for political mileage. Even thinks of me in his dreams," Chandrababu Naidu observed.
Interacting with reporters at NTR Bhavan in Hyderabad on Tuesday, Chandrababu Naidu, however, said he was not a problem for the chief minister. "It's the other way round. He thinks I am a problem," he added.
Chandrababu Naidu made it clear that he had no personal fight with the Chief Minister. "I am fighting on issues and people's problems. But Rajasekhar Reddy takes it personally and thinks that I am fighing against him. We have nothing personal. I have no problem with him," he pointed out.
Addressing a media conference at NTR Bhavan in Hyderabad on Tuesday, Chandrababu Naidu declared that Chief Minister YS Rajasekhar Reddy and his son YS Jaganmohan Reddy had floated a firm in Maritius and purchased shares of an Indian company through the Maritius firm to convert the allegedly ill-gotten money into legal assets.
Rajanikant exactly does this in his famous film Shivaji. Chandrababu Naidu himself watched the movie along with the film actor. Perhaps he got a cue from the film. So he attributed the money transfer to the chief minister. It is not clear whether the firm had anything to do with the chief minister's family. Even Chandrababu Naidu does not have proof to support his allegation. But since he has been inspired by the Rajani movie, he thinks what he says is true and people will follow him blindly.
That is precisely the reason why these Congress leaders from Naxal-infested areas are bringing pressure on the government to reopen the negotiations with Maoists and buy peace before the elections. The attack on former Chief Minister N Janardhan Reddy has triggered a lot of panic among the ruling party MLAs and MPs. Succumbing to their pressures, Information Minister from Nellore Anam Ramnarayan Reddy declared that the government's doors were always open for discussions with the Maoists and appealed to them to join the mainstream and cooperate for the development of the state.
The Congress MLAs are primarily worried that they would not be in a position to tour the interiors and make election campaign, if the government does not buy peace with the Maoists. They would definitely become hard targets for the extremists. But, who will bell the cat?
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