1. It's official. India will host its first Formula 1 Grand Prix on October 30, 2011.
With this new track being built at Greater Noida by the same guy who gave the world the F1 circuits in Malaysia, Bahrain, China, Turkey, UAE and South Korea (I guess I should mention his name-some Mr. Herman Tilke), formula one racing in India has almost come to a full circle -with our own driver (past perfect) and Team (Mwaah Mallaya!!).
Also what warmed the heart was that the 5.14km track is built by the Noida-based Jaypee Sports International. The U.S. of A should be taking notes on how to prevent outsourcing rather than whining about it and then tackling it by asking lame questions about their history which I doubt even a patriot there would know!
2. Commonwealth Games
I can't seem to get enough of taking a dig at India's first international sporting biggie. The latest that is in on this front if that work will continue upto 3rd October. Here's the catch- 3rd October conincidently happens to be the day the CWG actually start! Blame it on the procedural hurdles or the incessant rains that seem to be bugging only Delhi (Come over to the land that goes by the name Durgapur, O Merciful Rain God!), we citizens can still accept that. However, some dud in the Delhi ministry went on to say ' Bhai, this is toh democracy..' (something to that effect).
By the way, I can't help feeling sorry (for everybody and nobody at the same time) when I read this piece of news- "This Friday, Delhi braces for worst flood since 1978". Amen.
3. Crucial Babri title suit verdict on Sept 24.
All Hail the Lord (Ram or Rahim-your pick)!. In what will certainly not be the end of the 60-year old tussle, the Allahabad High Court will give its verdict on the ownership of the Babri site. Next stop: The Supreme Court of course. This verdict though will certainly set a precedent to what has eluded us for more than half a century-an amicable settlement of the masjid-temple divide issue.
Quote of the Day: "The way the country deals with it will have a profound impact on the evolution of the country." -PM
4. U.S Open: Bopanna and Qureshi reach semis.
A good Indo-Pak bonhomie story, this one. The only Indian left in the draw, Bopanna gets all my best wishes for this last slam of the season. Go Boy!
5. HC verdict may force Vodafone to pay $2.6bn tax!!
Well, outsourcing is seriously least of our problems because things like these take the cake! Literally shooing the foreign investors away is the Bombay High Court by slamming a petition filed by the global telecom giant against the Indian income tax department's power to impose a capital gains tax on its $11 billion-plus acquisition in 2007 of a controlling 67% stake in Hutchison Essar Ltd (HEL).
Why this is news: This is the first time an Indian court has passed verdict on whether Indian tax authorites have jurisdiction over a transaction between two overseas corporate entities (British-born Vodafone and the Hutchison group of Hong Kong-based multibillionaire Li Ka-shing) concerning a business venture in India (operating assests of HEL were in India).
6. Joke of the Day: Shiney never raped me-Maid.
This is seven witnesses, plenty of forensic evidence and one year later. For a guy whose career was just taking flight with movies like Bhool Bhulaiya, this is one bummer!
Looooong Day..........
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