Dictionary updation- Regional and vernacular languages

Omnishambles is the new word added to the Oxford English dictionary- as per today's "Telugu" newspapers! Understand the word was extensively used by BBC TV prior to/ during/after London olympics to describe the condition in which the country as well as the government- read -UK was placed! The word omnishambles was extensively used to describe the once omnipotent, omniscient country! But that's not the contrast I am trying to bring here. Telugu newspapers gloating about the new word addition to the English dictionary. And there was/has been/is no effort to do the similar effort (understanding the usage of the word, the trends related to that, confirming its actual meaning and finally adding the same to respective dictionaries etc) for the language they are comfortable with. The situation is not unique to Telugu alone and it is applicable to almost all vernacular/local/regional languages! English language is updated on regular basis by many agencies (such as oxford working from different countries/continents). There is enough vacuum/space/market for some intelligent people/ agencies/ linguists/ book publishers to fill the gap! Hope it would done soon!