Hardik unlikely to be retained; Rohit, Bumrah, Pollard set to be in MI's retention list: Report
New Delhi, Oct 28: Colourful all-rounder Hardik Pandya is likely to be sent back into the IPL auction pool by Mumbai Indians as the five-time champions are more or less sanguine about the players who are in their retention list for the 2022 season.
With the IPL set to be a 10-team affair after RP-SG bought lucknow and CVC owned the Ahmedabad franchises respectively, there will be a big auction in December this year with a lot of teams restructuring their core, looking at the future.
However MI, one of the best IPL teams across the 14 seasons, will have their core almost same but a notable absentee could be Hardik, a flamboyant all-rounder who has of late become more of a specialist batter.
"I think BCCI will have three-player retention formula with one Right to Match card. If RTM is not there, there could be four retention. Rohit Sharma and India's pace spearhead Jasprit Bumrsh are automatic picks.
"Kieron Pollard will be third retention. MI's strength is their continuity as these three are pillars of MI," a senior IPL official tracking the retention market of franchises told PTI.
"At this point in time, there is less than 10 percent chance that Hardik will be retained by MI. Yes, he might just outperform everybody in the next few T20 World Cup games but even then, chances are dim. If there are four retention or 1 RTM, then Suryakumar Yadav and Ishan Kishan are the contenders for that slot," the IPL official added.
The reason behind MI's reluctance to retain Hardik is purely cricketing as he is no longer the feared all-rounder that he used to be two years back.
His back will perhaps never allow him to be the brisk fast-medium bowler that he used to be once upon a time. He will not be able to bowl consistently in late 130 kmph and no seasoned IPL outfit will punt purely on his batting skills.
Hardik might still be picked by MI from the auction if he comes within the budget ear-marked for him.
"Yes, obviously there is a market dynamics and if required MI will pick him from the auction, provided he fits within a specific budget. In order of preference, the first five MI players are Rohit Sharma, Jasprit Bumrah, Kieron Pollard, Suryakumar Yadav and Ishan Kishan," the IPL insider stated.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
India should create strategic buffers to navigate 'most difficult' energy shock: CEA Nageswaran
New Delhi (PTI): Chief Economic Advisor V Anantha Nageswaran on Saturday said India needs to create strategic buffers in the face of the "most difficult" energy shock that the country is facing amid the West Asia crisis.
Nageswaran also said the rising prices of fertiliser and petroleum products globally due to the crisis will make it challenging to achieve the 4.3 per cent fiscal deficit target for the current fiscal, while below normal monsoon and pass-through of higher energy prices could lead to "potential inflation spike".
He also said India has employment challenge emanating from AI, and there is a need to ensure that IT sector becomes more competitive and not lose jobs to AI, and instead create jobs that use AI within the IT sector or in other services.
Speaking at the ICPP Growth Conference organised by the Ashoka University, Nageswaran said the current account deficit (CAD) in the current fiscal could rise to over 2 per cent of GDP, from less than 1 per cent in FY'26.
"The ... priority for us is to create strategic buffers. This energy shock is the most difficult one compared to any other previous energy shock in terms of energy lost as a percentage of total global energy supply, not just oil, including gas.
"And we also need to use this occasion to think about other areas where we are vulnerable in terms of import dependence, nickel, tin, and copper. We need to build strategic buffers if we have to make a shot at manufacturing and becoming indispensable," Nageswaran said.
Since the beginning of the war in West Asia on February 28, crude oil prices soared to a four-year high of USD 126 per barrel on Thursday, from about USD 73 level before the war.
Stating that geopolitics will compel policymakers to be nimble and flexible and shed old model of thinking, Nageswaran said India is better prepared than many other countries to deal with the crisis because of the fiscal leeway that the country has due to lowering of fiscal deficit ratio to 4.4 per cent of GDP in FY'26.
Nageswaran said the West Asia conflict is more of a price shock than supply shock for India as the government is managing the supply side deftly.
"This particular conflict, which is going to be on a low simmer or a high flame situation, whatever it is, it is going to be there with us in some form or the other because the military conflict may be over, but the strategic conflict is well and truly alive. It will be so for some time," Nageswaran said.
He said the conflict has four channels of shock: price and supply shock, trade impact, sticky logistics costs and remittance shock.
India imports 60 per cent of its LPG usage and of that, 90 per cent flows through the now closed Strait of Hormuz.
Nageswaran said the pass-through of high global energy prices would have to be a "balancing act". He said some pass-through is already happening in commercial LPG, and the levy of export duty on diesel and ATF.
The government has cut excise duty on petrol and diesel to shield customers from the impact of the rise in petroleum prices. "We are coming around to arriving at a certain modus vivendi with respect to burden-sharing between the fiscal policy side, inflation, households and the oil marketing companies. So it has to be a balancing act," Nageswaran said.
