Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
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Sunday, 18 January 2009
Chronicle of the day-- More on myth of Regulation
Business Line , Jan17,2009
The Chairman of Telecom Regulatory Authority of India(TRAI) publicly criticised government for using TRAI only as an adviser, not as a Regulator. Its recommendations for good telecom industry in India have been ignored for years because of pressures from existing and aspirant companies. Ho, hum, everybody knew it all along. But yes, chairmen going public is something!
-- The myth of Regulation as an instrument of public control over private business is exploding in these days` newspapers and TV of US-Europe, which superciliously sold the ruse of Regulation to the lesser mortals of the world for decades. Their subordinate intelligencia in India - led by its prime minister- still go on and on about it. Indians have by now seen through regulation in electricity and telecom industry. And are there any other regulators around?
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