India may stage an Indian Grand Prix in 2009. According to the Indian Olympic Association, the Association has signed a memorandum of understanding with the FIA. The very first Indian Grand Prix will become a reality if the Indian Olympic Association manages to build the track and the infrastructure by 2009.

I've been a passionate Formula 1 fan for quite long for now and the Canadian Grand Prix on Sunday was one of the most interesting and fascinating races I've ever watched. I believe no F1 fan would watch the race without excitement and yes without fear.

Eight drivers had to retire from the race and two drivers (Felipe Massa and Giancarlo Fisichella) have been disqualified. Accidents? The Canadian Grand Prix had pretty of them and BMW's Robert Kubica had a terrible one.

Nevertheless, Lewis Hamilton was the happiest man in the world. After five podiums in a row he finally managed to win the race. His magnificent victory followed his equally well qualification on Saturday, which brought him the pole position.

Despite the intense race full of accidents and restarts, Lewis was driving calm and he showed a nearly perfect driving.

Congratulations to Lewis and the McLaren team.

There is a possibility that we won't see the British Grand Prix in the Formula 1 calendar in 2010. Silverstone is old and needs to be reconstructed. Bernie Ecclestone has suggested that the British government covers the reconstruction costs, as well as pays the fees demanded by the F1 Group. No money means no British Grand Prix, which is sad indeed.

An estimated budget for the reconstruction is around $200 million. Not a cheap job, however, the amount is far less than that spent on the Olympcis by the British government.

From pure economic point of view, the Olympics is a one-time event (though lasting a couple of weeks, bringing in a steady stream of tourists and revenues), while a Formula 1 grand prix is an annual event. This means that in the long run, a Formula 1 grand prix can bring in higher revenue for a country than the Olympics can.