BCCI should take executive decision at this time. BCCI should do -- 1. Come out of emotional bond. 2. No STATE-WISE selection. 3. No experience will be counted, who ever proves in last three matches will be in next match, i underline here no series, only match. 4. No more ADVERTISEMENT CONTRACTS shld be signed between any companies and players, whoever is having any existing contracts, should be breach immediately orelse they shld be thrown out the team. 5. No GOVT jobs for players anymore and if any particular players does not showup with good effort, he will thrown out of any existing companies he work, whether it is pvt or govt job. 6. Players who are playing and getting good names in Ranchy trophy, school tournaments, college tournaments will be taken into account. 7. No players will be continously played for more than 5 matches. 8. No player will be in Captian position for more than 5 matches. 9. No player will be allowed to go with his spouse or children or any relatives in the ground where the team is playing. 10. BCCI will be a sample for entire cricket world if all above followed.
Your article is well written and thoughtful. I am giving my views herein :
(1) Life Insurance : In India, life insurance is sold as an investment and tax savings option and risk cover/protection comes after that. This fundamental mis-selling has to be curbed.
(2) Mutual Funds : It is proven that SIP (Systematic Investment Plan) investments are the best and investors should be encouraged to identify good performing equity funds and adopt a SIP in these.
(3) Credit Cards : Yes. One Visa and one Mastercard or two of each is more than sufficient. This would curb conspicuous consumption and help manage one's liabilities better.
(4) Banks : Given the pathetic service levels of even new generation private banks like ICICI Bank, it is a wise decision to maintain about 3 bank accounts. Add to that the strikes that public sector banks resort to crippling a bank customer. Further, the cost and effort of shifting bank accounts is a big pain as most customers have ECS credit or references linking their bank account with their investments, loans, demat accounts etc.
(5) General Insurance : With more covers getting de-tariffed, it is prudent to negotiate car, health, personal accident insurance covers with about 3-4 general insurers before purchasing.
Finally, the regulators RBI, SEBI, IRDA would need to play a vital role in ACTUALLY and REALLY protecting the customer interests. I have faced many instances where banks and insurance companies make an unsolicited call on my mobile offering a product that has to be instantly confirmed or purchased by me over the phone. They have the audacity to refuse sending the details of the product by e-mail. This is practised by Tata AIG, ICICI Prudential Life Insurance and ICICI Lombard General Insurance.
