Oscar Sport Award 2019 honors a player Novak Djokovic

Serbian tennis players Novak Djokovic has passed many names such as Kylian Mbappe, Luka Modric (football), Lewis Hamilton (Motor Racing F1), LeBron James (basketball), Eliud Kipchoge (athletics) to win the title male athlete of the year at the Laureus World Sports Awards held in Monaco.


Despite the back injury, but Djokovic has played impressively to win 5 titles in the ATP in the year 2018, including two Grand Slam Championship that are Wimbledon and the US Open. At the same time he also regained the world no. 1 star from the hands of Spanish rival Rafael Nadal.

Share with the press, Djokovic said: “Laureus award is always the dream of every athlete. This is truly a great honor and at the same time as a special reward for me. The year 2018 is an unbelievable season and I will remember forever about it”.

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This is the fourth time Djokovic won this noble titles, rivaling that of the former Athletics star Usain Bolt. Meanwhile in award categories for women, fitness American athletes were honored with Biles Simone the brilliant success in the year 2018. Coach Arsene Wenger also received a lifetime achievement award for what he has devoted to football.

Also the year’s team award was awarded to the French team with impressive achievements brought the world football Golden Cup to the Light Capital. In addition, Laureus 2019 also some other impressive awards categories such as Japanese players Naomi Osaka awarded “the breakthrough of the year”; the title “the return of the year” in the hands of golf Tiger Woods; Henrieta Farkasova (skiing) was honored as “disabled athlete of the year” …

Sports awards annual Laureus World are two Daimler AG and Richemont co-founded in 1999, which aims to glorify the female, male athletes and teams for their competition in all sports.

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The process of selection of the Laureus Awards employer consists of two stages. First, a selection board consists of the editor, reporter and sports broadcaster from 120 countries choose 6 candidates personally, or the national team and clubs for each category.

After that, the members of the Laureus World Sports Academy (including legendary athlete 46 world) secret ballot to pick out the winner. Also by the process chosen and carefully selected, so often as the Laureus Award is considered as the “Oscar of the sports world”.

Telcos deserve a better deal

The telecom sector is the most significant and visible success story of economic liberalisation in the country. However, its sustainability and continued growth can only be ensured with firm but soft-touch regulatory measures. This writer recently had the opportunity to interact with major fund managers of asset management companies likeFidelity, Blackrock, Capital World, UAB, RCM and HSBC.

The concerns expressed by the asset management groups on regulatory uncertainties in telecom sector were genuine and any future foreign investment in the sector would be largely determined by the manner we address the present upheaval.

Unlike many developed countries, the regulatory function in India is performed both in the government, ie, department of telecom, and the regulator, Telecom Regulatory Authority of India (Trai). Given present functional jurisdiction, the answers to most regulatory issues lie with the government.

The paramount need for functional efficiency and financial health of telecom service companies is the process of consolidation. The international experience says that 5-6 licences are adequate for both quality of services and also competition in the sector.

Even if we account for the population of the country, there is no viable case for having a dozen licences in each service area. The truth is that many licence-seekers in 2007-08 were in the queue for unearned gains. This became evident when some foreign companies invested on hugely-appreciated script value of newly-licensed companies.

By 2012, there is already a clamour for incentivised merger and acquisition policy and friendly exit policy. Fortunately, the issue got partly addressed by the recent judgment of the Hon’ble Supreme Court. However, the government would be repeating the mistake if the number of licences are not rationalised.

It is imperative that the need and timing for new licences should be considered by the regulatory authority on reference from the government. No one is making a case for pre-determined numbers or any form of capping of licences. However, the process of granting licences can be initiated in phases to assess the felt need.

The government has announced the draft National Telecom Policy, 2011. The finalisation and its announcement deserve highest priority to dispel regulatory misgivings. There are important recommendations from Trai that deserve to be accepted by the government and incorporated in the NTP 2011.

The most critical structural recommendation is regarding unified service licence with freedom to use any technology and separation of spectrum. The acceptance of this policy would also require a defined path for the migration of present unified access services licence-holders. This should be addressed along with the licence-renewal policy as many of the incumbents would be completing 20 years beginning year 2014. It also entails determination of renewal fee.

There is another pending issue bothering investors in the telecom sector. It is regarding the determination of spectrum price beyond 6.2 MHz presently with the major telecom service providers. Trai has made certain recommendations on this subject.

However, the government would soon auction 2G spectrum band as per the orders of the Supreme Court. Therefore, a balanced view needs to be taken so as to avoid any situation of litigation and irrational bid conclusions.

Another recommendation of Trai is about reframing spectrum in 900 MHz band. It may be desirable to consider the monetisation of the spectrum value in 900 MHz band among the possible solutions to resolve this issue.

There are also technology and interconnect issues. Trai has already recommended permitting voice on internet protocol. In future, LTE technology will be a major challenge to the existing telecom service providers. The issue of interconnection within and outside the service area in different spectrum bands is already before the appellate court. There are official announcements of one India circle and consequent abolition of roaming charges.

This deserves serious consideration on grounds of technology, tariff and resolution of national long distance licences. Lastly, the rationalisation of tariff must remain with the telecom service providers. The need of the hour is to seek the view of telecom service providers and evolve regulatory policies in the larger national interest without any tag of winners and losers.

(This article was published in the Economic Times on 15th March, 2012, and in Business Standard on 11th March, 2012)