I recently read two articles, “Telecom regulator’s 5-year legacy: unforgettable and unforgivable” and “Inspection out, accreditation in for India’s technical institutes“. They directly relate to nepotism and a want for people who would oblige.
I did know that both Adani and Ambani seek to gain from your Prime Ministership, but I didn’t know it was this bad. I’m not joking. Apparently, Ambani has developed a funny idea that he could take all his oil wealth and splash it the fuck onto telecom and digital e-commerce and that would somehow save him from the sinking ship which is the fossil-fuel industry, and that by splurging his cash he can make a business in other sectors.
To add to the idiocy and shame-worthy audacity of Mukesh is that he wants his children to take over as the leaders of the oil-to-retail conglomerate. I wish he could’ve been wise, brave or smart enough to see the extreme risk and idiocy of such a move — but it is not my company so maybe I should stfu. I’ve only been this sour in my words because of what he did to the other telecom players.
For some reason, the telecom regulator allowed Ambani’s Jio to run free services for 9 months almost bankrupting his rivals. On the other hand, TRAI chose to penalise Airtel and Idea on shaky grounds and then prevent them from offering premium services — which were almost exactly what Jio had done in the past.
When I reach India, I’m going to purchase an Airtel SIM, even if the Jio SIM is free. We all know the closeness of Ambani to the PM, and the telecom regulators (TRAI) partiality and unfairness towards other players isn’t nice. Interestingly, when the Department of Telecom director issued a warning to TRAI about its behaviour — he was removed from his post. Coincidence? Shit me not.
Next, the RBI and why the Union government would have to be blamed if the food prices get all fucked, again. This is such a repetitive cycle. It’s like living in the second UPA government term. Rates are cut deeper and deeper, food prices rise, rates are then increased and it’s a good two years before food prices and sanity are both back — it isn’t the only effect.
The State-run banks are forced into giving loans to undeserving folks and then these loans turn into bad loans. This means more losses for banks and valuable depositor money being burned. Imagine what happens if a bank shuts down and cannot sustain? I know. It’s scary.
But this is exactly the cycle repeated again. The last two RBI governors put on a fight but poor, “humble” Shaktikanta Das is happy a slave, always unflinchingly agreeing with the federal government. How noble. And now data reveals retail prices are above prediction and they’re not gonna cut interest rates any more. Deja vu?
On accreditation of India’s technical institutions, it’s a pretty simple solution and this is what I’ve thought of. This is definitely a good thing to do as we’re moving towards accreditation. Allow private agencies to accredit colleges, reduce or eliminate curriculum dictates, remove the terrible cap on tuition fees private colleges can charge and legally permit the education sector to be a for-profit industry.
You can step in with helping with students fees for those who cannot afford. Of relevance to the article, private accreditation agencies would be able to take care of the tens of thousands of institutes and it will kill the workload of the National Board of Accreditation — it’s an impractical idea really. Do you really want a government-run body to accredit 24,000 courses? Nah. C’mon.
Putting a price cap reduces supply and becomes insufficient to meet demands. Colleges that can’t raise finances are also unable to raise the quality of their infrastructure, faculty and what not. It’s a bad idea.