Seven second delay

While watching the oscars this morning, I kept reminding myself that there is just about seven second delay between the actual event and the transmission to the whole world. It does not look that way at all. The performances, lighting, live music and the presentation was perfect.
Compare this to any award function in India and you can only feel bad. National awards are too formal and boring. Filmfare/Stardust/Screen awards are shoddy in production value and are not even telecast the same day. It take almost week to edit and telecast. IMHO producers of such functions in India lack basic औकात (au-kaat).