Collapse of Vodafone-Idea, how Govt of India scripted its telecom debacle & won’t course-correct
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#CutTheClutter #IndiaTelecom #Vodafone
Two decades old policy of deferred spectrum charges has brought big telecom players like Vodafone-Idea on the brink of bankruptcy, and threatens the entire telecom sector . In episode 806 of CutTheClutter, Shekhar Gupta explains the self-defeating complexities creating by the Indian bureaucracy that broke India’s telecom revolution, and why nobody would apply a course-correction.
Additional Research by Amogh Rohmetra, Tara Rao and Vidhi Gupta
Brought to you by @KiaInd
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What about the student subscription plan
Ban BJP
@ because they don't have to! Unless ofcourse, they have given some kind of personal guarantee while taking loan etc. No one wants to buy a ticket for a sinking boat with no hope. Hence, no capital infusion from promoters.
@@bhargavdesai7984 adding more fuel to the fire ?
If bureaucracy fears to touch the policy, then why cabinet is silent in this regard? Ultimate godfather is silent. U didn't mention that sekhar sir
One could make a dark comedy on this entire trainwreck
That’s actually a fantastic idea
Maybe a Netflix series, with Radia Tapes thrown in for female interest.
@@pichumanisankar2617 More like for RW-appeasement
The best possible example of the word 'Kafkaesque'
@@shreepads th-cam.com/video/28gst5J2oik/w-d-xo.html
SG has actually reminded me of a personal experience .
I'm a Central govt employee since 2018.The first thing that my senior colleague advised me after joining was to play it safe all the time.He compared it to a volleyball game where you always have to keep pushing the ball away This extremely cautious approach means that you will block a full toss delivery and make it a dot ball to avoid the risk of getting out .This indecision happens due to a situation where the bureaucrats are literally playing for their life every single day..so no one dares to do a course correction.
Sadly the ultimate loser will be our nation only.
That is the problem, sachin....that is where the political leadership has to step in and take responsibiliy...thanks for writing in
Reminds me of the time when the petroleum secretary told all the directors to increase oil production by mining up every single unproven reserve.🤡 He said it cuz there was pressure from the petroleum minister.
There’s a famous line….” Rules are for the guidance of wise men and obedience of Fools”
Everyone in India who is educated and understands the function of bureaucracy knows this very well and it is the combination of few politicians and a timid bureaucracy and lethargic and corrupt Judiciary that is killing this nation...India will need 30 years to just clean up this mess to make a fresh start and another 70 years to catch up with the developed nations and that if we start right today, which is not going to happen anyways as this has got messed up even further with current dispensation and it may go absolutely worse when he is done.. The only hope now lies in RG and Congress to turn around as the next in line of leaders from BJP will be even more autocratic in nature....General public who are adamant on Congress will mess this even further as they indirectly have only but one choice a.k.a BJP..
@@drindianguru1 i will never ever vote for Congress...their MLA betrayed us, three times...today we have BJP MLA who built the road,the concrete bridge...thnx to BJP govt of Assam.
I think this is the first CTC which cracked me up… the bureaucracy blunder is simply hilarious.
Thanks SG for over simplifying the issue, now I have better clarity on this topic.
bureaucrats need to learn a lesson: "don't dig holes soo deep that they can't come out of it"
It's not a blunder, it's by design. Bureaucracy will keep the meaning ambiguous to avoid any specific blame. Let the neta take decision and blame for any subsequent investigation.
@@GhostsOfSparta opposition party+ Vinod Rai
I think Supreme Court should also be blamed. How can they just close their brains and say "you signed". Judges are no saints and JIO may have given kickbacks to the judges othwerwise how can they be so rigid.
@@pushpindersingh1819 yeah and I don't blame them for that. Why get in trouble unnecessarily. The netas are no better
I love how carefully and smartly sir points out the problems with the Indian governance and management system. Its like beating a person and not letting them bleed 😂
Indian bureaucracy is all about maintaining the status quo, and the 'maai baap' culture. And us Indians do like that, that's why lakhs waste their primes preparing for exams they'll never crack just for the sake of that 'power'.
Excellent episode though and you surely have improved on the video quality and background.
everyone runs behind power directly or indirectly..truth of humans
@@VishalKumar-xp6gz the one who realizes it gets power and the one who doesn’t always whines about how everyone craves power
Lakhs of young men and women spend (or waste) their prime time preparing for an overrated exam.
Intelligent comment 👍
Correction, Congress since Gandu and Behru liked to maintain a status quo to stay in the top spot.
In the ♥ of my ♥s, Î know that this comment will be read by none, but Î still want to thank SG and his staff for such a beautiful explanation of this debauchery.
Kudos to Thę print 👏
YOU HAVE 9 LIKES , so 10x views and my corroboration of your appreciative sentiments
Thank you ms/mr aquarian...
We are reading it.
Commenting before watching.... Just today had a heated argument with a friend... was about to ask SG for a CTC on telecom...and here we are 😅
You'll win the argument
Ha ha...I am no mind-reader, but I try and anticipate what is on our viewers' mind...and you know what, I think I know how sharp are viewers are, like you. Thanks for writing in
@@shekhargupta3911 good impersonation
Only one line comes to my mind after listening to this: "Andher nagari, chaupat Raja, taka ser bhaji taka ser khaja."
Your mind perhaps thinks too much about the Chapati Raja. 😅 Keep writing.
2012 ke time ka raja chaupat na hota to controversial Telecom taxation bill aata hi na.
Shekhaji forgot role of late Pranav mukherji and Manmohan Singh here. Perception is that they brought in the Draconian law.
Supreme court of India is also one way or the other responsible for creating duopoly in the telecom sector today
Arun Mishra and now the supreme court continues
The crook justice arun Mishra who gave AGR judgement after 20 yrs ,is rewarded by modi gov. By making him head of NHRC !!Sab bikta h
The Supreme court is even not allowing recalculation of AGR, heartbreaking to see the telecom sector crumble and GOI watching carelessly. All this is hampering India's progress towards 5G.
supreme court or any court for that matter follows facts. if a deal for agr to include non telecom revenue was signed by both parties, then it is enforceable. that is what supreme court is saying. it is essentially govt's duty to change the rule.
Bro, the recalculation gimmick is just to buy more time.
My dad deals with such issues often, he tells me that if they start to listen everyone, no one is going to pay the taxes on time.
So they did right.
I think SC is only doing what it is mandated to do. Judiciary's job is to enforce contacts, changing the laws is ultimately the domain of legislature.
Telecom companies have paid huge Dividends outside india from their profits by avoiding paying AGR dues...
@@keshavs6633 dividend goes to all owners including ordinary shareholders in india.
When he said Sir Humphrey should take a take a bow! Respect, Shekhar Ji!😂
This is one of the best videos of Print. I don't know how many hours u muat have spent In research to cull the relevant information. Ans the time taken to make such wonderful presentation... Quality is beyond any reputed international television news coverage. Marvellous and spectacular piece in Indian journalism.
One can understand (not accept)the compulsions of the politicians and the bureaucracy but why Supreme Court has repeatedly taken such a hard stand on this is not intelligible.
Many times even government lawyers have requested for some relief, even they had been warned not to do so. It seemed as if Supreme Court had something against the telecom sector.One can’t think of any other instance where the apex court has taken such a harsh stand.
The govt lawyers have been corrupted by the Cartel of VI and AIrtel. SC knows better hence gave a fair judgement against this unethical cartel
Tge company shuts down.. we are the losers... It will be a duopoly..
@@ussvmehar7352 people were never worried about the loss of Governments intervention in the market when its own company was failing .
People now want Government to act to keep this market alive .
People o people .
People want cheap internet while the providers rely on loans .
People want them to pay No taxes to Government and then want Government to bail them out from that market .
Again people o people .
I doubt it is because of some understanding between Justice Arun mishra and Reliance Jio.. it was last parting gift from the judge to Jio.. Ofcourse I don't have any proof but my gut feeling tells so because how stubborn the judge was against 2 affected telecom companies..
@@kavisiddu with Arun Mishra anything is possible.
I am currently reading Catch 22 and the Milo Minderbender analogy drives the point home!
Birla is like Yossarian, he just wants to get out asap
Greetings Mr. Gupta, I don’t think its wise enough to send reporters to kabul endangering there life. Its simply not in our priority and we have far more important pressing issues to cover in India itself.
True that, why not cover the chaos of our own country. Enough happening here. But I guess Shekhar too wants a larger canvas
Even I agree to Uthup but will leave it to SG as he knows & understand better.
Someone has to do the reporting or we'll only get statements from Afghanistan govt or the Taliban (which will just be propaganda) and we'll never know what's actually happening on the ground. Takes a lot of courage to follow the passion and bring the reality to the people. Commando comic channels of Noida will never reach this level. They are only good for making wild assumptions and accusations without proof sitting in their studios.
Massive respect for Nayanima and Parveen and the rest of The Print team. Prayers for their safety. More power to them
And the last thing we want is some kind of hostage situation , damn that place is too dangerous and too complicated
This comment sounds like parents trying to stop their kids from going to serve on the battlefield! Journalists are no less than soldiers, truth is their weapon.
Perhaps not something you care about too much, but the lighting of today's episode is superb! Except for the reflection on Shekhar's spectacles and the top of his head, the contrast and clarity works very well!
Thanks #theprint and SG Sir for speaking up on such an important issue. We (I say we because any collapse will have adverse impact on all of us) are paying the economic price of the political harakiri commited by the government and opposition of different periods and times.
And yes, a big thumbs up to your reporters and cameramen. Reporting is definitely a profession with lot of occupational hazards and a premium must be paid for taking those risks. Will continue being a member for foreseeable future.
Thank you very much, Minhaj...stay well and happy
Wow our country's telecom is in such mess.. Never have I had contemplate it.. Thank sir
The funny thing is the same folks who designed AGR and Exorbitant Spectrum fees are confused with exorbitant Startup valuations lol !!
Telecom is an utility sector with real assets. StartUps (mostly in the software space) have no real assets. So no comparison.
@@akshayhiremath4584 So according to you AGR is justified ?
@@akshayhiremath4584 Ok let me give you another analogy if someone rents a Store to sell Grocery he pays only the rent amount every month to the landlord/landlady the Landlord/Landlord doesn't owe a cut from the grocery the shopkeeper sells ! If you implement AGR here you pay rent and give a cut from every kilo of Dal you sell in the market to the Landlord/Landlord is this at all JUSTIFIED ?
@@RoshanDixit absolutely not. I would rather say contrary to Gupta ji’s opinion that bureaucrats shouldn’t be harassed(held accountable) for their actions I would say such a creative bureaucrats should be identified and held accountable.
This AGR thing is not a simple mistake its a big blunder. I know many people in telecom industry who lost jobs in last few years. I would all because of this stupidity.
IMHO, Neither exorbitant valuation of startup nor the AGR is right
The ultimate result of this is the common people will suffer ....long term...JIO will start dictating terms in future...Ambani is a man of no ethics
Its AIrtel and VI which is dictating terms and increasing prices despite poor quality and fake bills... WHy is Ambani being dragged in?. He was not part of the fake 3G scam whch happened at the beshest of VOdafone AIrtel Cartel. Mittal and VI have no ethics and Vodafone is a second East India company out to loot Indians
@@Shamik-cr3le What about BSNL??
Do you have any idea why Govt owned company has not been allowed to use 4G spectrum till date? Its just to save Jio...forgot VI-Idea..even if BSNL gets 4G permission Jio will face terrible Competition which they dont want...govt floated rules just to Save Jios Ass, what you are saying about Airtel-VI..Jio will do same once its get major Share of Market..then Jio Monopoly will dictate terms..sadly this is the only sector where i wont support BJP we should never allow any field with Monopolies
@@Good_Things99 this is what amuses me. A government owned internet provider has been forcefully handicapped in the telecom sector
It’s unbelievable that one single corporate entity can be so much favored in a single sector. Jio can sell for free or charge 100x as there will no completion left for it to fend. This government talks about conservative policy of Free Market but basically making sure market = jio only.
@@kingbradley3402 Its all about...some big fusses...what most people's dont know is that BSNL will be almost equal to JIO if its given 4G spectrum...fact is that spectrum is govt asset and its free for BSNL..AGR is not applicable to them ..this is what a concern to JIO as they don't want any New Competitor..who is Debt free.as them..BSNL can Virtually Run its business for years without any tussle and can bring cores of profit to Gov't..
Jio is debt free because of Cheap spectrum price cause lack of Competition.
Govt lost lakh of cores in 2G scam because of a closed scandal
Now Govt is losing lakh of cores in 4G because lack of buyers..which hitting them hard for flouting rules to certain corporate
I wonder why no one is able to point this biggest blunder of indian history to our Prime Minister...!!
we all know why..it's coz people don't want to see it...
@@lightningwaitforitakash yes.
This appears to be a big and critical problem that should be decided by a legislative process. How about a Parliamentary Committee that makes a recommendation that gets passed (hopefully) to provide relief to the company’s involved. Is that so hard?
Yes hard in Modi govt
These types of legislation is hard to take back by any government because no one want to loose revenue. Like retrospective tax law. People will say ki sarkar ne desh ka money barbad kr dya. Kalank lg jayega government pr🤣
A well presented follow up explanation by Shekhar Gupta on the government’s reversing Pranab Dada’s dadagiri.
th-cam.com/video/mbxjoI5vbn4/w-d-xo.html
The brilliance of “fearless” Modi is to pass laws legislatively and/or let the courts decide on controversial issues before moving ahead.
In this case the brilliance was to let the case fester both in Bharat’s courts and international courts to reach a point where without a compromise both sides would loose.
He also presents some data on J&K to make us think.
What it points out is that:
1. An anomaly was rectified, except I believe Nagaland also has some sort of J&K like autonomy.
2. For geo-political reasons.
3. There could be an uprising in the Valley.
Most knowledable video by Shekhar Ji. Hats up for y and yr team. I owe a lot to y.
We have always learnt about the failures of private industry but we haven't learnt about how Govt. sets private companies up for failures. Jet airways almost collapsed until NDA-1 (Vajpayee) government liberalized aviation industry further.
It is very tough to start a business in a new field in India. Especially under the gaze of Bharat Sarkar. Indian IT was fortunate. I don't believe the mandarins of Delhi even figured what was going on...thanks for writing in
@@shekhargupta3911 thank you for your reporting
You guys do an amazing job. Sometimes I get a little ticked off as a Pakistani by some of the stuff but you are more balanced and factual than most other Indian news sources. Keep up the good work 👍
🙏 yes brother no a propaganda channel of government
why a lot of Pakistanis and Bangladeshi suddenly becoming more interesting in Indian politics.. (iam just asking not hating) since i have seen a lot of Pakistanis filling all the web-spaces of India from Twitter to reddit to youtube
@@hmm7458 Just the same way we Indians are interested in World politics/Us/Uk politics. Right now India is a melting pot. There is so much chaos which was unleashed after 2014 and still going on that it will definitely attract eyeballs from the neighbouring countries, especially from the subcontinent.
India has never been this much weak from the inside ever before.
WoW, what a research!!
kudos to The Print for boots on the ground reporting! 🙏
Thank you Raghav. All thanks to supporters like you, and our intrepid reporters...
Power of the ambiguous words. This is how literature screws engineering, business and technology.
Hope one day the Print start mobile friendly e-paper or a weekly / fortnightly. Will pay for that. I used to pay for The Frontline fortnightly in my college. I find same or better quality in The Print. Also it focused more on south India news and I wanted more India focused.
Thank you Ghettomaster! We are working on our southern coverage. And yes, an ePaper will happen at some point in the near future...stay well and happy
For the first time Shekhar Gupta Ji has done a really informative piece with no political bias. Well done. By the way if government brings a law to amend the AGR dues retrospectively , Gupta Ji's blue eyed boy Rahul Gandhi will start shouting crony capitalism. Because of this great video ,I will subscribe to your The Print albeit only for a month. It will be good if Shekhar Gupta Ji understand that many are not subscribing to his channel because of his pro Congress bias. Be non partisan and people will like you more.
My good wishes to the team going Afghanistan.. I wish The Print reaches new heights.
And you helped a lot in explaining in clutter... It was high time for me to understand this.
And this mess was created by supposedly the brightest minds in India, next time my father says ki mai photographer ki jagah IAS kyu nahi bana i'll gladly tell him at least I didn't put the telecom sector of India on the verge of bankruptcy.
Here's the thing: 90% of IAS officers today are not changing anything. They're maintaining the status quo to get on with their lives. You are an IAS officer in India for the name, not the work.
Nayanima and Praveen - be safe and bhagwan shiv blessings always on you
With history as a major, Nirmala tai will fix things up. She will make everything history. Obviously, Reliance will become historical.
Why can't the government form a JPC and bury this and other similar regulations once for all.?
Superb clarification of a very complex problem. Wish Mr Gupta clarifies similar such problems, which are pending with Govt.
Without sending reporters etc
to the field, the PRINT would be able to produce the reports at much lower cost, and would benefit the viewers immensely. Such clear pictures are not available thru newspapers
Ambani seem to be like Rockefeller in it, but strategy is planed and executed by bureaucrats with no running cost.
Awesome explanation in as simple as it could style about the puzzling jargon of AGR dues Spectrum auctions etc which we hear frequently but didn't even partially understand. Thanks a lot Sekharji.🙏
Why should we pay when WION is actively working in Afghanistan and giving us latest updates.
You guys are doing good but sending someone to Afghanistan now will be a wrong decision. Taliban won't see that you're reporter or a harmless newsman. You guys are risking a lot for something other news agency is already working . Please don't risk someone's life. Take help from WION to get some news.
Thanks.
Very good episode .what role did 2G scam contributed to the mess . Was it really a scam .
Very well explained. Our govt is so adamant and not ready to correct AGR, instead they will bring a company to NCLT
Supreme Court and judiciary is supposed to enforce contracts executed by telecom companies....telecom companies are trying to evade AGR dues payable to people of india...
Finally a geni ass who recommends eating the goose, that might have laid silver eggs, with graavy added.
It is shameful that reputed journalist is supporting VODAFONE in avoiding AGR dues !! Vodafone have paid huge dividends of thousands of Crore to UK shareholders and now they want to avoid paying AGR dues to Government of India.
All this makes me think that telecom companies can not generate free cash flows and become profitable in near future inspite of so much demand for voice and data communication in the country. Even the companies have to be blamed for this mess as the required due diligence wasn't done and kept it going for many years with losses.
AGR ..Its a shame on indian bureaucracy
Sorry sir, It still feels cluttered...Why can't vodafone idea go to NCLT under IBC? Am sure banks are prepared to take 50% haircut. Hindujas, Adani, L&T, Bajaj, Amazon. There are so many who can still turn it around if it had half of the current liabilities?
Because of this rule even Indian Railways should be in big trouble. Indian Railways have a quite significant need for a wireless network. And they have a good wireless as well as wireline network of their own.
@Посейдон Афродита Дионис they may already have a separate company. Doesn't matter the issue stays same.
In the initial days even Reliance (when it was RCOM or Infocom) was using the Railway's network to provide connectivity in the unreachable areas. No one can beat Reliance, they have the strongest and most reliable Backbone OFC network. All other operators use Reliance network to carry their traffic. I worked in Telecom sector for more than 10 years in India.
Each day the print tells us why saying that indian media no more media but a Banana Republic is TOTALLY WRONG!
#Thank you SG and Co.
Very concise, crisp and to-the-point Video....
This is Vintage Shekhar Gupta for you...
Fuk..No justice from courts as well..Atleast the court should have not been a nerd and gone by spirit of reason than legal clauses..
In the video title it should be 'Vodafone' and not 'Vodaphone'.. 😛 Bdw, an excellent edition of CTC as usual..👌🏼
Correcting...thanks
The government is not responsible for bad business ideas of corporate sector.
As Sir Humphrey Appleby will say "PIGS BREAKFAST"
Indian Bureaucrats are crazy... to put it mildly !!
Afghanistan is not worth sending our brilliant minds. We don’t want another Danish Siddique🙏🏻
Touchwood
The man that ruined Indian telecom story is Vinod Rai plus SC judgment in 2012...The constant pressure to auction spectrum rather than revenue sharing agreement.
This episode is the Sholay of CTC; it must be preserved for posterity as some films are preserved for their cultural, historical significance. A true, classic decluttering of a riddle within an enigma enmeshed inside a puzzle.
Ha ha, hank you. I was worried I might be cluttering things up even more...
@@shekhargupta3911 trust me, without your award-winning/subscription-winning effort, this would have remained one of the greatest riddles of modern India. Who would have dared to walk into this dark cave of layered confusion!
The government is a Tax Hungry juggernaut who wants all the taxes it can but is not willing to give the companies a leverage to operate their business and in turn it's the consumers who suffer from it because companies directly pass on the tax burden to us and we have to bear the brunt of it even after paying direct taxes from our incomes, fuel and tens of other things. The government never gets enough of the tax and to combat thatt, companies come up with substandard products and services which barely justify their price. The govt should mend it's ways
Please ask the reporters in Kabul to be very extremely cautious sir. As a paid subscriber, their health and well being is more important for us than a lost battle in Afghanistan.
💙🖤❤️ Definitely... Mizoram Meghalaya Nagaland Arunachal should support the print for ground coverage
The AGR dues are right of Indian People and Indian Government....it should be utilised for development of infra and education ..... NOT for payment of dividends to Vodafone UK shareholders...
After hearing the details my head is reeling . Time the Government wakes up, brush aside the shouting brigade and save the Telecom Industries instead of killing the hen that lays the golden eggs. Krish
we need more unbiased perspective from our Indian media, hopefully people realize the value of such media.
keep up the good work The Print.
I really like the way ads are shown in the video. Really a creative step.
Very Good। One of your best... Worth preserving.
Sirji ek question: Does Pulitzer award consider photos that are edited? I personally believe photographers involved in Journalism should published edited photos.
Editing can bring tampering to the real photos.
Indian bureaucracy needs to be revamped replaced and recycled
Sir, Can you please elaborate on your "Cut-the-Clutter" about the Spectrum scam ? We're unable to understand the scam...
Spectrums used to given for free to increase competition in market... Later on it was alleged that minister took bribe and gave these spectrum to some ppl... That's the scam.. CAG estimates the amount lost to the tax payer because of spectrum not being auctioned as some lakhs of crores... So this became a billion dollar scam while in reality the money involved might have been hardly 10-20 crores if at all corruption took place.. Supreme Court later gave verdict that there is no such scam and aquitted all accused
@@akhilakumar2187 these scamsters are still guilty in perception of millions of common people despite supremely court judgement. Perception and judgement are two diff things.
That's not true people convicted in sessions court but were later released in the high court spectrum licenses were canceled and new auction was conducted fairly on the instruction of the Supreme Court the case on a raja and kanzimohi is in appelas
Thanks for an excellent mind blowing revelation . Very very well explained Shekhar ji , Seems all this was done earlier to enable success for Jio to enter the market , and become a monopoly by vested babus and politicians .Eventually they killed the goose that laid golden eggs . Aditya birla’s master stroke of resigning and offering the company free , set the cat among the pigeons . Govt realised that PSU banks will be biggest losers if VI shuts shop and the enlightenment shone on. Govt and it softened its stand
Too good analysis.
Hope this govt can rectify / has courage to rectify.
If not this government then we all know it's impossible for any later like they say.
Modi hai to munkin hai
Feku has a worse record than UPA in everything
Somehow this episode reminded me of one song - Mai roun ya hasoon karoon Mai kya karoo. Govt khud he khud ko bill de rahi hai wo bhi aise jo pay kerne ki khud ki aukat nahi hai.. bureaucracy ya idiocracy. Kaise desh me reh rahe hain. 🤦♀️
Case 1: My mother works as an officer in Women and Child development department and has some villages under her supervision. One scheme was launched by state government under which Rs5k was to be given to first time pregnant lady. Contractors were hired to gather the data around the villages and then the office staff verified that digitally and the money got tranferred electronically. Initial few years proper due diligence was maintained by all officers. As there was pressure from government to keep disbursing and make the scheme successful every year, one of the lady officer ,soft spoken, god fearing, and due for retirement in a couple of years, requested an old contractor to help her areas as she had worked with that contractor for years and could not trust new people so easily. Long story short that contractor got money disbursed to fake 600+ cases and shared money amongst himself and those people (I think of all those 600+ families as culprits as well).
That sweet lady, who gave her life working diligently and honestly towards uplifting the poor women and children got a heart attack once police wad after her to arrest her. After she recovered a bit, she was arrested and now officers like my mother want to gather and go to their head office to speak on the issue. I know for better that practically her life is ruined. Families like ours worked hard to provide for their family so that the next generation like us get a good education and life and outcomes like this would only discourage beauraucrats from doing what must be done. I am too encouraging my mother to take an early retirement as she has done enough , giver her life for causes and now deserves a peaceful and happy retired old life. Young officers who would come in future would know what has happened and thus would not have courage to take the society forward and that's what's equally sad as good officers going to jail.
Case2: I have worked in Bank, that too IDBI Bank. Jewellery corporates among others were the clients handled by our AGMs and GMs. Long story short I have seen people at MY levels facing the burnt of CBI, for going through proper procedures like they should , because of the corrupt acts done by few too many people and corporates. I would stop here and you can imagine how I feel about it.
You know who's in the wrong when even "The Print" is talking for corporates.
No buddy... This is only because your political party exclusively supports 3 major corporate houses. So the entire system is working really hard to crush any other company that comes in their way. Talking about "The Print" it has always supported the corporate. You can take the 3 anti-farmer lawsfor example.
who don't you fking expose the money and all profits which VIL siphoned off from India and then now crying for bankruptcy ? GOI has nothing to do with this. nobody is gonna save it now. it's a foreign sold off company which looted Indians for years and years and jio saved us all from it.
Marathon running dug dug duggggg, 🤣🤣🤣🤣reliance Jio landing from helicopter , very well explained episode , thanks @theprint
One thing very clear... Certain companies seem to have deep foresights... smart enough to know where to place the roadblocks for your competitors...
Excellent video! We are missing the government's response to this issue. I think it is time to hold the govt feet to the fire on this. I understand that it is not their creation. But they own the problem and a significant time has elapsed since they got to power. Now there should be no excuses. I say this as a person that broadly supports the policies of the Modi govt. You should get the new minister and question them on the next steps to fix it. That is how we take India forward. They do the same thing here in the US too. If one govt creates the problem, the next person has to own the problem and fix it.
If this was in a UK court, it would have ruled "unjust enrichment" and thrown out this tax bill. However, Modi cannot afford Voda-Idea bankruptcy esp at a time when his re-election hinges on growth. Of course, there is the risk of adding Birla to the Ambani-Adani mix.
They can merge it with BSNL and save it without giving anything to the corporates.
@@neeljavia2965 Merger with BSNL would not amount to saving. It will create a walking dead zombie. By saving, I meant reversal of these nonsensical AGR dues. However, the issue is that Airtel has paid many of its dues and is in a position to pay the rest. GoI is in no position to reimburse them. So the challenge would be finding a solution without being unfair to Airtel.
When a retrospective bill of taxation can come . This stupid idea can also be done away with
VODAFONE wants to avoid paying taxes and AGR dues....
Sir Please Lunch an Exclusive Project Contribution payment Gateway :- Like people who like this particular project of Kabul can contribute, you can encompass some set reward .
Thank you for a good idea, Mahaprasad. I will ask our team to develop it...stay well and happy
@@shekhargupta3911 happy to help sir:- if you also want a crypto gateway I can help you with that.
A similar situation will appear in next 5-10 years in auto industry.. legacy automobile companies and parts manufacturers will complain and shut down when new electric/ hydrogen vehicles companies will come and occupy the market.
It’s a shame that the bureaucrats who send a Bill to Gail and other organisations, who know the stupidity of their act, are paid their salary and pensions for wasting their time on inconsequential things….
It’s time the bureaucracy is held accountable for its actions and held responsible as anyone else…
Just like women have dominated sports medals at Olympics, I see that most of journalists at Print are women... Kudos to S G n more power to women
You gave a good analogy to clarify the 'spectrum.' Real value add SG! Rs.1,76,000 crores! Can't forget that figure and the man, "Not just an Accountant," who made himself immortal....and the historic mess that unleashed itself...
The GOI is probably putting all these earnings on it books and GDP claims.
Hope Nayanima and Mr. Jain stay safe
Thank you Deepu. For your wishes and yhoiur support. Stay well and happy
It would be interesting to know how the telecom industry is regulated in developed countries to get the right perspective on how different it is from India
4:45 Shekhar ji , I think wion already has sent a reporter to Kabul , his name is Anas Malik
Brilliant Analysis. Beautiful explanation even a layman with basic knowledge of English could understand. 👍👍🙏🙏
Indian telecom is heading to a 2 player mode soon and a MONOPOLY after that leaving them the ultimate power !! We have all been used to this use of large volumes of data and who knows what that rates will be where it's a Monopoly !! This government definitely won't complain!! What a shame that the government owned telecom is let to due like this and for what...all of its infrastructure to be sold to the last man standing !! And everyone knows who the winner will be !!
This is a big mess. Power corporation paying the revenue from power as a telicom tariff. What can we say?
It's a humongous--and cruel joke....
Though an engineer myself, I never clearly understood AGR and why spectrums are so precious until now when Shekhar ji has de cluttered this issue.
Humprey can take a bow!! that takes the cake..Indian bureaucracy outclasses British by a mile !!
Poor legal advice and micro inspection of agreements accepted by Telecom Cos. Really surprising such things happen in our country. We, Indian Corporates rush into things which open up. Good lesson learnt. Loved your simile on Spectrum.
Hopefully, PM Modi listens to this channel everyday, as a feedback, as the happenings, effecting this country.
Print is only left leaning channel worth watching
With a myopic vision nobody at the helm is concerned about what might happen 10-15 years down the line. The Current Governemnt is not concerned about what may/may not happen 10 years later Nor was the past government.
Imagine the numeric shift in figures od PSU's/Govt if the figure is declared bad debt
My regards to people going to Kabul for coverage! Please be safe❤️
Really a great work in simplifying the story crisp. Thanks to all your team , who made this happen.
Sir you are genius of geniuses. Salute to you for making the complex-to-understand matter a simplest one. I remember a quote from a great scientist (Albert Einstein) "If you can't explain it simply, you don't understand it well enough." I will join the membership as soon my income starts. Thank you and your team.