Who ruined India’s telecom story, and why we call it the decade-old curse of Rs 1.76 lakh crore
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- Опубликовано: 15 фев 2020
- #CutTheClutter
Between the Modi Government, telecom companies & Supreme Court, India’s brightest sunshine sector, telecom, is headed for disaster. In episode 392 of ThePrint's Cut The Clutter, Shekhar Gupta explains why we’ve come to this pass, and who’s to blame
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Some Cut the Clutters almost play out like thriller case studies. I didn't notice the passing of 25 mins at all. An absolute pleasure.
Thank you very much, indeed....Sg
Exactly. Well said.
@@ThePrintIndia I always watch CutTheClutter because I am a UPSC aspirant and I always get value addition from this.
The whole purpose of this video seems to blame UPA and save NDA. A party with 300 seats in 2015 cannot say that it is scared of saving the telecom sector just because of 'suit-boot ki sarkaar'.
To malign UPA this program is done.
Currently the only booming sector is the begging on the streets sector
Yeah, and you are one of the beggers
@@ravinayak6178 you're a loser in fact.
May god give you same conditions soon
Man that is a very powerful and meaningful statement
Say pakoda and tea selling - that will satisfy many of your critics.
Good informative discourse... Some time back, Sr. Advocate Harish Salve had remarked that Supreme court of India is also responsible for slowing economy...so true
All the NPA's of the banks are due to cancellation Telecom license and coal blocks by Supreme court.. Due to the huge propaganda by BJP in collusion with CAG etc in 2G scam, UPA govt became so weak they could not resist the Supreme court from interference in policy matters.. Nation will suffer for a long time to come..
@@kavisiddu opposition party did their job...media and court must speak on the basis of the documents...and not in air...the fact remains that there was something, a seed, which was blown out of proportion...we will have to pay price for it...cause we elected whoever they were or are..
I would like to correct you. People of India are responsible for NPA. Not reading facts and blindly following Vinod Rai and BJP propaganda. Every developed economy has dealt with corruption in their growth years and those who brought in laws to tackle systematic corruption got where they are today. We stood in line smiling for our own money when govt. told us that was to weed out black money. Govt. had no idea where black money was. Yet, ask a common man and they will tell you where black money is. Pretty ironic that common person knew where black money was but they were not upset at govt. for going after them as well.
Disagree, supreme court merely implementing laws. As far as telecom sector goes the whole responsibility lies with laws formulated by Congress government.
@@kavisiddu Watch again - those laws formulated by congress. There was no propaganda.
Now that's what we call 'EASE OF DOING BUSINESS'. Amazing!!!!!!!!!!
Facilitation doesn't necessarily amount to success of the companies. Cmon man let's not politicise anything for nthn
This didn’t happen in 2020 this is very old
Its a problem which started in 2005 and has been persisiting since then... Shekarji missed out on informing how a notification was issued on 23-01-2020 by DoT sayinh they wouldnt take any action against companies who dont deposit the amount by the due date. Clearly, the Govt understands and wants to help these companies. But then since it is a SC order, SC would treat any such steps as comtempt of the court. So the problem.
Bitch I know you came here to blame modi ,but I have to disappoint you that this started in 2005,under congress.
What did you hear in aobve video then ????
I finally know what’s going on!! And the absolute ridiculousness of it all. How and why would anyone ever invest here is beyond me!
True
Sir, ambanis have invested enough...... In the sector
We need foreign investments to take our spectrum to sell to us itself at a profit? Tell foreign companies to invest in innovative sectors, no. They are only ready to invest in easy sectors where the resource is cheap.
Such a great success story. Before Jio, Chortel was charging 250Rs for 1000MB of data, these guys are just Chors, they are not going to charge more or less based on government taxes. They are going to charge based on customers ABILITY to pay.
Telecom company has to pay , why should indian taxpayers pay.
Would they waive off all loans of Indians.
It's time to Privatizing & sell PSU .
In US railways, municipalities, Prisons & even US RBI known as FEDERAL RESERVE'S is Privatized.
U know MTNL-BSNL EMPLOYEE r getting crores each in VRS SCHEME plus lakhs in salary every month without working plus pension .
Plus billions of capital infusion in air India and loss making PSU .
This will be all paid by indian taxpayers.
On one government employee salaries 200 poor family can survive.
Better Privatize and sell them all , distribute it among poor as universal basic income , unemployment benefits & welfare schemes
@@solo.108 WHAT CONSIDERATION ARE YOU TALKING ABOUT ,THESE FOREIGN COMPANIES NEVER ACTUALLY INVESTED IN INDIA EVEN AFTER EARNING SO MUCH PROFIT FOR YEARS. THEY ARE DOING IT NOW BECAUSE IF THEY DONT THEY WONT SURVIVE AGAINST JIO. AND PEOPLE ARE RELATIVELY MUCH MORE SATISFIED THAN PAYING 150 FOR 1 GB DATA.
I always look forward to all the videos uploaded by the Print and they have significantly helped me enhancing my level of unbiased knowledge and understanding..!
Thank you very much. Please also send us some suggestions on what else I could talk about...SG
@@ThePrintIndia The most pressing issue of the day is corruption. No, not the top of the pyramid. Everyday babu corruption is eating this nation faster than communal politics, yet no one has the courage to talk about this as across the board all political parties benifit eventually. This corruption hits the common man the most and needs to be exposed completely. Please talk about it.
ThePrint talk about universal civil code
@@ThePrintIndia the way in which the BRI is shaping up and how is it impacting central asian countries and how the Indo-Pacific strategy can pose a challenge to it. I think it is a crucial topic and not much is being talked about it.
@@ThePrintIndia how can the government increase the purchasing power and help to increase the liquidity in the country.!
How does privatising LIC can prove to be a deal just to please trump before his visit.!
Oh God. This is the first time the bad state of an industry has actually left me speechless.
Govt behavior is like slaughtering hen who laid down golden eggs 🥚. They killed a booming sector
It is not the govt. These companies have not paid their dues . As a corporate lawyer i have studied the so called has made mockery of it. The case is similar to that of 2g sacm
@@carpoolkaroke1969 So you don't think there's anything absurd about PSUs who made a few crores from Telecom and now the government wants some part of their entire revenue running into lakhs of crores?
Well said just to promote one company
But the government wants to give relief but the SC is against it.
I had some respect for this man. He doesn't pin the blame on MMS / UPA/ it's.ministers especially Raja and others. He now wants the present government to waive off all loans / dues to the government. It's absolute nonsense, and he should stop giving this bullshit knowledge. By the same.logic, Mallya, Nirav, Sahara and all others need to be spared and keep giving all these fkrs thousands of crores and say banks are in red. Just doling out figures will in no way solve the problems. And what about the great Sibal who said zero revenue loss. Septisemia started in UPA and Rahul Gandhi should own it up.
All these years no single goverment is able to come up with a policy for telecom industry😅
The policy is set for JIO to be the only player.
@@bholarizwan73 You have zero knowledge!
Alot happened in Telecom since Jio got in, 1year of completely free service & upon completion they wanted to extend by another 3-6 months but TRAI stepped in that any subscription discount which is free of cost cannot be for more than 1 year, JIO had to take back its offer and provided its customers with extra limited data(not free). Then Airtel/Vodafone & Idea were indulging in malpractice by not giving connections to Jio, i.e. when someone from Jio calls a non-jio they couldn't connect in 3 out of 5 times, TRAI fined them because this was proven. Vodafone bought Orange-Hutch in an all stock deal which attracts tax according to govt. didn't pay it due to technicalities.
@@smaXexO First check at what pricr JIO got the Voice License. If you are intelligent enough, you will undetstand the ballgame.
Sab Nehru ki galti hai.
Lol Jio site says that they want govt to remove IUC charges i.e the charges paid to connect to other operator. They did not mention that they want govt to remove other operators itself😂😂
Ohh jio dhan dhana dhan😂
Government's interpretation was wrong I guess 😂😂
@@deploy_leroy true 😂
@@rahulbhatia3851 They say it takes two to a tango. The others have fleeced the public...
Underrated comment😶
Watch again the video. The case is even before Jio started or NDA came to power. And the rules were made by under UPA. So what Jio has to do with it when it is between SC and companies.
1.76 seems like a haunted number, politically or should I say this number looks like regime changer
Mr. Subramani Swamy, is the important fictional writer for this amount...
@@karthika560 thanks for the facts..
@@karthika560 You mean Raja got clean chit just like Modi?
@@karthika560 they exploited the loopholes, this first come first serve policies are to blame, same happens with real estate in india, govt auctions land for cheap af prices for the poor, then they're not able to build anything on it due to lack of finance, sells those lands to dealers who make huge bucks by selling it to regular middle class, sometimes it backfires and dealers dont get even their investment back which leads to them commiting suicide or the lenders shooting them to death. This is a whole cycle of bad business.
I really admire how comprehensively facts are laid out in all the editions of Cut The Clutter.
Today's analysis is on dot as we have actually seen all these events happen over these years and SG has very passionately explained what is wrong and why it is wrong and also who is wrong for the current state of India's Telecom sector.
Today's Cut the Clutter episode was a masterpiece and I just hope any how it reaches the ears of the SC Judges who ruled agst Telecom companies in AGR case and also the ears of the likes of Telecom Minister Ravi Shankar Prasad, FM Ms Sitharaman, PM Modi!
Thanks, Anil. We're glad to hear that. Do stay tuned for more videos.
@@ThePrintIndia
Can u do an legal analysis of the fact that india is still a crown franchise
Google image : indian navy flag
India is still a crown franchise
Independence and the word liberty legally means franchise...
The head of state of Inida AFTER INDEPNEDENCE was still king george the vi.
Look it up..
Independrence act of inida formed the dominion if india..
Look up the legal defintion of dominion...
Utube : 2018 US is a crown corporation
Same applies to india
Re public means res publicannii..
Publicanii means roman tax collector..
Res means wealth or asset of the trust..
The trust set up was dominion of india that took on the liqbilities and assets of the previous company known as british india ...property of the crown...
Utube : occult law of cimmerce
The res of the republic used to administer the debt of the previous british india is the labour of the individual..
Roman tax collector of the res ie the labour of the nation is the collateral of the natiins debt ..
U were and are aadhar of the nation ..ie ur birth title and labour credits are surety to the credit system of the RBI and we fund and loan into this india company ..
Constitutor means someone who shifts debt into a third party ie the surety..
So ur constitution is merely an. Insurance dicument to insure the debt of the nation in return for creating guarantees and pritection of thise guarantees to the individual...
Without English u will not understand the law and commerce that runs this nation ...
Ur under the blood covenant ...
This explains the indian navy flag with the red cross on it
@@kdcruz75 chutiya navy flag as changed in 2001-2004 but later changed back to current design ,this was done as in sea flag mixes with ocean & sky colour hence harder to see...with your logic ..why only indian navy flag has ST cross design why not other branches or dept use british ensignia,with your logic airforce uses roundel of france,& army uses flag of logistics unit of uk army...can u also tell us why India doesnt pay royalty to crown??....hat kind of franchise are we talking about??
@@rajuseth1683
The debt system franchise...
Inida is a company chartered by the crown..still is
Look up the word franchise..
What is the official language of the court system ..
As per case law on internatiinal law ...all law is based upon the doctrine of discovery and in particular the papal bull dum diversas...
Google : british paramountcy cabinet mission
The paramountcy is the franchise ..it was delegated to the india company known as dominion of india..
If the head of state after independence of dominion india was kinge george the vi..
What does independence and dominion mean..
The british r not stupid...
They had the independence movement preplanned and overtly used british opium agent families like tata, birla ,bajaj to fund congreess, annie besant, cimmunist and savarkar...
Study the birla family and the two brothers..
Swami vivekananda was a freemason..british freemasonry..
How is english still thr operatiinal language ..
Use logic as well as case law..
Utube : dum diversas papal slip of enslavement
Utube : birth certificate what is your status
Utube : occult law of commerce
Utube : pope kissing feet sudan
Utube : doctrine of discovery case law
Do u know what the word constitutor means ..?
@@rajuseth1683
Uutbe : 2018 US is a crown corporation
Utube : justinian deception dog latin
U r living in a debt construct ...one has to decode canon code to understand that ur remedy as a sovereign internatiinal is to turn the US into ur debtor and not loan to a roman piracy game to ensure and be surety to it..in return for getting the privlige of being a city denizen which means a licence merchant ..
Subramanian swamy destroyed upa for 2g spectrum
It was not a scam
A. Raja got clean chit
Read the upa minister's defence also
@@rishabgaba8586 yeah sure. And RAGA is the best PM India could ever have. 😂
@@mukul2500 that's a poor counter and the fact is that A Raja did got clean chit...
@@excalibur6159 he introduced agr, which lead to all this mess.
@@rishabgaba8586 Donald trump doesn't get impeached by house of senate
p chidambaram out of INX media case
salman bhoi evaded justice in 2 cases
nothing happened in guj riot case 2002 MODI ji was not involved
amit shah , julian assange , edward snowden ....... the list goes on my friend
either you are congress puppet or you are too gullible
any ways we should not be like YES SIR , we should not have any political leaning as many people have
Well the companies never paid the spectrum fee and then government said ok let’s share the aggregate revenue
Modern example of killing the golden goose!
Thank You Vinod Rai. Congratulation!! Your job posting at BCCI is the most expensive ever.
@Zax Collix sure, why not? Appreciation will be given where it's due.
@Zax Collix loser,have to bring religion into everything?.He offended you by bringing rais name into it,even the government is distancing themselves from him!
Half cooked story we need to start it from Sukhram Days
Telecom is curse for Gail. The entire concept of AGR is absolutely absurd. It is like some Raja maharajah types decisions
A Raja.One of India's ex Telecom Minister responsible for Telecom industry's downfall in India.
The absurdity is quite apparent from GAIL which is made to pay out on AGR though the telecom contributes a measly amount to the topline
What GOI is doing in this sector is absurd and insanity!
Only it's sheer talk nothing on the ground
Why don’t a group of investors take over both the telco and negotiate a forced sale value
I see ppl in comment coming to conclusion without even trying to know the full story... Well done
Please enlighten us with your conclusion Mr Mohit Shetty!
Was A Raja punished for it, judicially? If not, why is the SC so eager to get money from suffering telecoms?
A Raja was acquitted in 2017. Won the Lok Sabha election from his constituency in 2019. #india
@@nakulasija5850 If he's done no wrong, why then telecoms were punished ?
I don’t really understand your question. This payment is not related to Telecom Scam.
@@nakulasija5850 Why is the govt working so hard to make up 1.76 lakh crore.
Coz there is no evidence to prove as per law Raja did corruption, there was no way court or it appointed team could figure out these 1.76 lak crore....
But as per law, it says AGR is revenue of the company, not just like Telecome revenue of the company. SC only interpret what the law says.
To all those who have praised this video n to the Print itself.......I would like to point out something.Reply to me in a sensible way if u will.
1)Call charges,data charges were pretty high before the advent of Jio.I remember 1 gb 3G data for 28 days would cost around Rs 249 plus extra call charges.Only after Jio ushered into the market,facing their ruthless marketing coupled with free data other telecom companies were compelled to lower their respective rates.Jio was launched at around 2017;prior to that data n call charges were pretty high compared to what today is.My point is......if Airtel,Vodafone could lower their tarrifs in competition to Jio why couldn't they have done it before?This simply means that the so called cartel was in place from before n was liquidated by the advent of Jio.
2)Regarding some telecom companies that have shut down that u have named(including Aircel) their main cause was their Customer base which in turn was affected by network range.These weren't available Pan India as opposed to giants at that time like Airtel/Vodafone;Today's crowd is mobile,requirement of Pan India Network is their utmost priority.These extinct telecom companies also had negligible presence in Rural Areas of India which was infact a huge market.Govt's policies hadn't much to their shutdown as to were their own deeds.
3)If the policies are absurd then why had they signed them ?Why had they been not maintaing the balance that they are required of them when they were busy looting us?
4)The so called speculated Cartel of Jio n Airtel in cases Vodafone closes is possible n rates might come up but what is the guarantee that rates ll not come up if Vodafone persists?Their is simply no guarantee.......Jio used their free data n call to lure in customers n once they have build a base their rates have come up a little but still their rates are comparatively lower then Vodafone n Airtel.Simply having more telecom companies doesn't guarantee that rates ll be down......A cartel can still be formed n rates can still be high.......
5)The point that I agree with you is that of loss of Jobs if Vodafone closes n absurdity of AGR.
You will get your answers yourself if you understand the entire system of licence fee, spectrum fee and AGR companies other then jio had to pay. Jio being late entrant didn't have any dues. If the same structure follows even jio will be in trouble after few years but I am sure incase of jio govt will do something.
@@MsNidhi1990 Oh.......could you explain them to me?
What is the location sir? Very silent and serene
Telecom is serving public on a major scale. Giving business to lot of people who are in need of jobs. How do you expect them to give luxury taxes and penalities. Let those telecom be regulated in a way that will help the economy and not die.
It seems the misscall era is coming
Having seen the past two budgets and the protectionism the BJP government has displayed, I don't believe they have the gumption to right the wrong. I would love to proved wrong here!
The have the Gumption to talk big and make hasty decision. Not supposed to be in the centre. Don't know how to handle the country.
What's wrong with protectionism? If you want free and fair trade then it should be equal across the world. China should also give access to India if they're going to dump their products in India and render local traders useless,US should also give India more access to their market. This protectionism being bad is total bunkum.
No it is not the current problem. This problem we have been carrying from 1947. When it comes governing we do not have any discipline
The folly in the judgement passed by the Supreme Court stand out when you consider the PSU. It would be interesting to see if these companies will be shielded by the Supreme Court accepting the argument that these are not telecom companies. Question is, who stopped the PSU from using the telecom licence? And why should the Govt lose revenue because these licences were not utilized.
And would the supreme court let us know how it is going to make up for the job losses.
AGR history should have been explained more clearly first. It is coming out as EMI.
1.76 lakh crores figure pulled down the earlier govt and SC commented that it was not a scam. Where is Vinod Rai ? Who is responsible ?
We live in such dystopian times. I just hope that years later when we're older we can tell our grandchildren's generation that we watched this country rise from the ashes cuz the grandparents right now are just watching it all burn down.
But nowadays I started liking this he is very openly points out mistakes of previous govt
We Indians should unlike the world not polarized ourselves and and be close to center and enjoy the fruits of both sides and be tolerant and accept any kind of healthy criticism for religion, politics, philosophical or ideological ideas
Going by your DP I am assuming you are in your youth,I could be wrong though. Your comment on not being polarized and finding the middle ground is wise beyond your years. Most Indians seem to have lost their sense of right vs wrong and are being played by the politicians.
@@whynot4828 im in my early 20s, are you young too, hey i want to share some really cool vids, will you allow it?
@@whynot4828 not just indians but the whole world
@@stayinawesum I am middle aged early 40's, you could still share the videos t
@@whynot4828
Naval Ravikant - Joe Rogan Podcast:
ruclips.net/video/3qHkcs3kG44/видео.html
The TRUTH About CENTRISTS:
ruclips.net/video/mHmMDsFXqAM/видео.html
you should watch these videos especially the first one i promise if you like intellectual discussions, ull love that one pls try to watch the whole thing, it has discussion on wide range of subjects, you wont regret it i guaranteed.
Sir, as a retail investor in our NSE, I invested about 10L is voda idea when it was just reached to single digit.. and now I am ot talking as investor here.. because I as part of MODI fan gang I too feel yes it's the right of government as so the public of india.. but after listening your superb explanations now I understand the mistake of INDIAN RULERS SINCE 2G to 4G .. any how I still hope GOVT will resolve this issue.. JAI HIND..
I was reading this news "Reserve Bank of India (RBI) decided to transfer a surplus of Rs 1.76 lakh crore to the Government of India exchequer"
Thanks for explaining AGR and everything else so simplistically. It's 'cut the clutter' in true sense!
Very important in the current scenario...huge job loss, stressed banking sector and destruction of the entire supply chain will happen if govt doesn't act
What do you want the govt to do?
@@humungous09 what vajpayee govt did in 1997 i.e. New Telecom Policy to assuage fears... Tweak the license & SUC rates.... refund the GST & IT dues... give some moratorium for payment of the dues related to AGR definition etc etc...too many things that govt can do..
@@arunkumarsharma1487 Of course, the govt has to take up all the above measures to save jobs, to keep the economy moving.
But, what about the corporate greed? Didn't you know how these bastards fleeced the public? Moreover, the funds required to keep them afloat will be siphoned off again from our pockets.
Who is creating this vicious circle? Why should the guilty escape? Why should the current dispensation take the blame for the drawbacks of corrupt and spineless past regimes?
How long will you punish the hapless public?
@@humungous09 my friend.. I know that once these players were enjoying return on capital of over 40% and invested heavily in others activities such as African telephony, DTH, backward infra etc..also technology sector is inherently exposed to technology risk that's what happened when jio entered the market with LTE technology. Still, blaming previous dispensation won't result anything.. decision is expected from govt of the day..
@@arunkumarsharma1487 What risk? LTE technology is encrypted, identity authenticated and protected. What major risks have you found with Jio network until now?
Telecom companies evading license fees inspite of Supreme Court orders is a total disregard for law of the land done with utter impugnity..
License fee has never been paid ever since 1994 when license was first granted.
Congress has been hand in glove with these assholes. It's an outright loot organized and protected by the then regime.
Your clever play of words doesn't shift the responsibility onto successive govts. The same argument that "blaming past regimes don't result in a solution" has been unduly threadbare.
The whip has to be cracked on these dacoits and dues recovered. The companies maybe acquired by govt on an interim basis and auctioned off later..
Bailing out instead of cracking the whip has been a Congress legacy at the expense of paying public. Stop supporting the madness!
dump all these policy makers who don't have any sense. Why am I still paying tax in this country..
only 15 million people pay direct taxes brother
bro, we all pay taxes. Gst on every item
@@bhushan7997 some people pay in addition to that
@@bhushan7997It seems you don't pay the direct taxes.
@@NoneOfTheAbove123 direct taxes links with earning but indirect taxes links with survival 🤔
NH uses NH Act, 1956,
GAIL uses P&MP Act, 1962,
Power Grid, NTPC use Indian electricity Act 2003 along with Indian Telegraph Act 1885...
No comparison/ parallel can be drawn in spectrum allocation with those in linear way ...
But I'm totally agree with your argument that cost of licence being computed on total revenue from all sources is utterly ridiculous...
But
if 1.76 lakh crore with no.(s) of bandwidth to be sold out/ licensed to various companies under 2G is absurd,
what would be the real figure the incumbent government should have charged instead of A Raja's ministry's "philanthropic, humanitarian, judicious, humble" demand from those companies?
Very well presented. I think this is exactly what will happen to the Mining Auctions as well, especially Iron ore.
I follow cut the clutter regularly, I observe that from last week the length of each episode is going for 20+ minutes. It may result in a dip in viewership. Please keep it explanatory yet keeping the length to less than 15 mins(like before). I myself skipped some of the previous episodes just because they were more than 20 mins.
Thank you very much. This is a very valuable input....Sg
Between 15 and 20 mins is a good range.
Great Insights,
Simply watch it at 1.5x,works for me.
Who came with definition AGR?. Highly complicated. That's is what intrest pe intrest unrest pe intrest.
It's was telecom companies who ask the government to change it from fixed prices to proportional one.
I feel that he is doing for UPSC students
Pretty sad if thats what you think. Only UPSC students need to see whats actually happening. I see same comments on another series explaining law.
Upsc doesn't need this at all.
Prof, brilliantly researched session today. Kudos!
Thanks, Somraj. Do subscribe!
I have been following your content since a fair amount of time now. This video is probably one of the best I have seen in terms of content and structure. The telecom sector problem has been laid out in such a sequential and easy manner to follow that even someone who is hearing about this problem for the first time will feel that he has a good grip on the issue at hand. Congratulations on a great job done Mr. Gupta and team
With all due respect Shekharji, It should be 'Comptroller and Auditor General' not 'Comptroller and Accountant General' :)
With all due respect? Who in his right mind will respect this toad gupta?
This is what we expect from print
Thank you Shekharji for enlightening me on this topic!🙏
To be honest, from last one year, i had not recharged my sim card yet, but instead buying 2-3 new cards every month on different id proofs such as voter card or license to keeping feeding my self the data, and indeed this is so so successful so far for me as i get 1.5 GB per data plus unlimited night internet along with calling and sms for just 50 rs. If this was not possible, would be paying over 300 per month to keep my phone running.
The stentorian call for digitization and the advent of ecommerce has certainly made people extremely dependent on the internet... this makes it inevitable for all of us to pay for data although the tariffs are raised.. thus this toxic concoction of useless laws is not only closing down businesses but also is going to exploit the consumers....
Excellent analysis.
But AGR stands for Adjusted Gross Revenue not Aggregate Gross Revenue.
Rituraj Singh That is correct. Adjusted Gross Revenue. Thank you for pointing out. SG
@@ThePrintIndia Idiot, you think you are capable of 'analysis' ?? lol
😂😂😂😂😂😂😂 you nailed it
Don’t even know what AGR stands .. because of RUclips so called journalist is making nonsense...
Highest exposure to vodafone idea goes to SBI .. taxpayers weather you are using their network or not we are going to pay... SC is pure arrogance and Govt has even more... vodafone idea has debt and dues worth 1.2 lakhs.. think of rollover effect on economy...
What rubbish....the companies are in trouble because of their own incompetence not because of totally just and fair charges for spectrum...
Now what should govt should do??? Forget public money and then what??? Bailout every company that defaults???
@@truth_hurts9840 bankruptcy you are joking.. just see AIRCEL case www.bloombergquint.com/business/ibc-lenders-agree-to-lose-nearly-everything-in-aircels-insolvency-resolution
As much as incompetence of telecom companies.. but GOVT is pure evil in this sector
@@freesoul3466 so what should be done?? Tell me...if that happens for every defaulter, economy is doomed...
Two wrongs and whatever...
@@truth_hurts9840 they should do what they did in 2004 rationalising the sector and reforms.. remember new economy of internet of things, AI , precision agriculture , automation, electric mobility depends on data and faster connectivity... connectivity is essential now.. people need to have choice ... Leaving it to two players is not good.. remember we have 1.3 billion most of them is in rural areas.. IDEA is strong in rural areas.. what happens when it goes to bankruptcy..
Remember the retrospective taxation legislation in the case of Hutchinson?
Congress has too many extra clever lawyers. They ensure that no business can operate honestly in India. Create problem after problem
and leave the successors to clean up.
Government trying everything to make *Reliance Jio* as the single player in Telecom Sector
I m a BSNL user lol
@@mahektailor4542 haha
Conveniently racking up a old case
@@deploy_leroy wbu ?
@@deploy_leroy i mean what about you
Thanks to make us aware of the fact. The law of absurdity is going to kill our biggest advantage. Hope someone takes a bold step.
Had he come up with such a foresight, vision at the time of scandal however big or small he deems it to be, something would have been done.. may b.
Thank you sir
Excellent presentation
Now I understand in simple terms
Glad to hear that, Joby. Subscribe to our channel for more videos!
Wasn't Telcom prices pre-Jio very expensive, where is that money gone when these companies earned +Rs 250/1Gb?.
Duopoly will be risky but (AGR Calculation Issue) needs to fixed & Dues should be recovered.
The problem is Jio artificially brought the rates down by taking huge losses and cross subsidizing telco business with their other businesses. Once they grabbed the market, the prices are bound to go back up. Now that people are addicted to data, they will pay for it.
@@iceman1125 we pay 7 Rs for 1 gb.
Just one small faux-pas. AGR is Adjusted Gross Revenue, not Aggregate Gross Revenue.
Amazing observation sir
let me add something.Politicians make so much noise about freebies given to poor people but big companies are fleecing millions of rupees with the help of govt.
first comment.. nice sir..respect from nepal
This seems factually incorrect . AGR was introduced during vajpayee regime and not after 2G scam . I don't know why respected Shekhar Gupta is peddling a lie . I love his cut the clutter but this one has some factual errors .
He has once agreed that he delibertely lied about swatch bharat campaign
I think you're confusing this bit. The claim is not about the AGR itself but the definition where it extends to all the revenue a company has earned. That dates to a much later period than the introduction of AGR.
Beautifully explained. Had me hooked till the end. You could explain such a complex topic in a easy and engaging manner.
Thanks for the feedback, Siddharth!
Thank you Shekhar ji, the print is now part of my daily schedule catching up on previous videos.
Appreciate the effort to keep it simple.
We're glad to hear that, Sathya. Do subscribe!
Excellent analysis of the Telecom problem...but it is the greedy companies, who benefited initially by charging expensive tariffs, are to be blamed..
What expensive tariff? India has a very cheap data tariff..even when it was high compare to now, still it was reasonably priced.. Building of telecom infrastructure is not easy, moreover every 5 year the technology changes from 2G to 3G, 4G etc and telecom companies will have to spend money on infrastructure.
In this cut the clutter mr. Gupta mentioned everything but not how the govt killed the telecom sector in collusion with JIO, by allowing them to give free data for a year against all the rules. Even in this AGR issue JIO in collusion with govt and probably even judiciary killing the industry and possibly competition. I don't think JIO will allow govt to find any solution to this problem since they have very least amount to lose.
@@karthika560 Wait for VODAFONE IDEA to go bust.. then you will know what is cheap data. Even E-Commerce companies like Amazon and flipkart are doing the same thing, with the strength of their finance they are killing the competition. Once competition is killed they can rule the market .
@@karthika560 Capitalism may not be perfect but when govt colludes with the corporates then it becomes disastrous .
@@kavisiddu Gupta never gng to talk about JIO or present government. the crux of the problem is CAG imagination and every one at the behest of vested interests gone after the govt of that time. everything in favour few cronies.
That’s means you still didn’t understand anything
Is Supreme Court blind ? Or Gupta Vs SC who got this right ?
Some in Supreme Court have decided to go blind ! Never in the History of India have people started to doubt the decisions of the supreme court ! Time changes everything or is it the greed for money ?
This is exactly what happens in the entire Infrastructure sector like roads and all. The bidding is so low that most of the companies are not even able to build the entire thing ever!
Your the only guy who covered this in this depth. Wish you had brought a link to the person for whome all this is being done since 2005.
Thank you, Yash. Stay tuned for more videos.
What was Bajpai/Arun Shourie's solution--can you elaborate rather than tease. thx
Valare gvt were the one who drafted the policy of first come first serve, which UPA followed. Unfortunately the same policy was faulted by CAG with absurd allegation of 2G, which Bjp took up, cancelling the license by SC, thus killing the sector. In fact the fcfs policy was the reason there were many players in the sector that took starring down. But the current gvts favouritism of JIo even harmed the few left.
@@sujithkumar2041 looks like you dont know the 2G scam. Scam is not that 2G licences were issued at through away prices. Scam is that those licences were granted to non telecom companies, who in turn sold the licences raking in windfall profit. So actual telecom operators got the license at high price which was encashed by middle men instead of government. Further, deadline to grant licence was arbitrarily preponed, resulting in many companies could not apply only, and only those applied who had prior knowledge of it. So FCFS policy is best, but UPA used it to scam.
The telecom mess started when the DMK Strategic Partner the Minister for Telecom Mr Dayanadi Maran so of Murosali Maren the brother in Law of Muthuvel Karunanidhi who had three wives like King Henry the 8th of England who also has a brood of children from these wife's & concubines all these fellows failed in Education so that reinstated as Extra Constitutional Authority. For having supported the Congrees in the Center. The DMK strangle holder the TamilmNadu State controlling the Cine distribution. Of Tamil Movies World over. The DMK party controls by Karunanidhi. Family in Tamilnadu has known Scandals, thievery & Mucle power. They decided to Loot the Telecom of the Central Govt it was bonus by putting Dayanidhi Maran a millionaire educated at Berkley USA.The BJP Minister Promod Mahajan succeed him he died at Office. A socialite for Dubai Middle East who had moved her way as one of the Director of thevRatanTata Group who had a meteoric rise in India She befriended Kanimoyee the daughter of Karunanidhi from his third wife all three children of Karunanidhi from his three wives were Rivals for his Legacy So though the next DMK South Indian Minister of Telecom Andi Kotai Raja a local Tamilnadu Criminal Lawyer served as the conduet for Kan Moyee Karunanidhi to defeated her stepbrothers from the three different wives. The decreased the Govt of India price from the Telecom Cos to pay for Licence to Operate while provide the Majot Money to their Private Accounts in return of the DMK political support of the Congress in the UPA the bureaucrats in the Ministry were given task of hiding the Elephant under a handkerchief. The storyboeaked into the Media both these crooks Kagni Moyee. & Raja were locked up in Tihar jail, Karunanidhi’s third wife demanded that her daughter to be released at any cost. So to keep the UPA aflot in the Center She was released from Jail & she pulled out Raja. Both these Criminals were freed from jail though the caused a Monumental loss of revenue to the Indian Taxpayer. In jail they flouted every rule be it food or to visit her child or using the Jail Commisioner Office to Sleep & Cool herself. The jail staff were scared to displease her till her father pressured the Govt of India like Sanjay Gandhi son of Indira Gandhi an Extra Constitutional Authority. Ever since the the Govt muddled up this Ministry. This great Human Excreta needs to be cleaned up before it can regain Credibility & to operate .Kani Moyee roams around TamilNadu as a free Person because she was sired .by Karunanihi the three times Chief Minister of Tamil Nadu State who was an ardent supporter of LTTE supremo Prabakaran. Of whole Late Rajiv Gandhi also a Congressman remarked I regret breathing the same air as Karunanidhi. It was the latter who had the last laugh. Nathan Sekhar Sydney Australia.
Very well explained.
Hopefully if you could have used graphics to explain numbers, their association and final summary, it would have been great. But I will use your narrative to work that out myself. I need to do calculation to interact with my students
Shekar ji most of the times conveniently didn’t utter the word UPA GOVT but said Indian govt... wah ji wah Kay baat he
Well now I know why I had to pay 550rs on my jio recharge instead of 250. Thank you.
Yes, JIO is increasing the tariff by the minute now!!!!
Why on earth the SC don't see through this?
We users will be forced to choose from few telecos left (hint:jio).
They can skyrocket the prices at their will.
They will
So...the Telecom companies paid heavily in the auction on an artificially inflated price? They are professionally run private companies..hard to believe they would do any such thing leading to a probable collapse...we are missing something I guess
They used debt raised from banks to service the cost of the spectrum ...
Their should have beem a clause as to the limit ofndebt equity ratio a company could have on its balance sheet if it were to bid for the auctions...
The governmet allowed every tom and harry to bid...and the dick was provided by banks
Excellent explanation of the various aspects of the crisis. What seems missing is a list of officers/ministries who are responsible for contributing to the gargantuan mess created. The mess will continue to compound if not sorted out quickly with a firm resolve. That is truly a challenge for the govt. to prove that it is decisive.
this man is really great teacher
..he explains so nicely
Thanks, Anurag.
Is this why Gail powergrid shares are being sold.
I was going through one report it suggested that the most of co OP banks, not been audited from the ages. And they do not even the opening balances.
BSNL is perfect model that shows why government shouldn't be running businesses with multiple private players and rapidly changing technologies.
But according to Amit "Chanakya" Shah, this is a mere trifling problem compared to NRC, CAA, NPR etc. and he's an honourable man.
who created the problem in the first place ? Dr MMS and Raja with the active blessing of all SG and Karunanidhi and hangers on
S Gain People like you are ignorant about the facts.
I think BJP accused of Congress for spectrum 2 scandal which was not true. Companies were later exposed to extreme competition which have killed some of them. Not good for India. Indian govt should come forward and help companies in policy issues.
Sir basically it seems that everyone is interpreting the law. So the original law and rules are flawed.
U have nailed it. CAG calculation was a blunder
so the main fact is that all these companies didn't read the finer prints well and now they need to give part of their overall revenue.. Imagine being a lawyer who was entrusted to sign those papers and get the deal over the line for those telecom companies
Thank you. A real pleasure. Really Cut the Clutter in word and spirit.
We will have to see if Mr.Modi can pull off a Mr.Vajpayee.
This would have been a better step than Demonetisation... Equally daring and better impact at the same time.
Why did the amount of money reliance jio had owed in agr dues was less something like 195 crore , When reliance industries made a total of Rs 6.23 lakh crore in gross revenue in the fiscal year 2018-19 that ended on the March 31st?
Looking forward to the answer.
Because JIO is formed as seperate entity , it is seperate company so it has to pay out of its earnings, byt GAIL for example did the layout things within same company.
In my opinion AGR is stupid and nonsense
I think it comes as a seperate entity "jio" so it escaped, on the other hand gail gave telecom with the "gail" tag itself so it caught into trouble i guess.
Who the hell wrote the rules, the then economist Manmohan singh has no idea about this.
Bhai have u understood anything....modi is fighting for his daddy ambani to weed out competition
Just to add govt also tweaked market place rules to squeeze flipkart and Amazon and lay the ground for jio marketplace which has scheduled launched this year
@@sakshisharma4783 Rules are for foreign comapy like Amazon not flipkart
Same time Indian government has stopped Aramco investing in Reliance.
Dnt forget Dhirubhai met Rajiv Gandhi after Indira death Just for 5 Minutes and later RIL became big company even before 2014
NDA government in 1999 gave an option to the licensees to switch to the revenue sharing fee model. Under this regime, the mobile telephone operators were required to share a percentage of their AGR with the government as annual license fee (LF) and spectrum usage charges (SUC)
वाह गुप्ता जी, पूरा पूरा आनंद। अद्भुत कट द क्लटर रहा है ये। आजतक के कुछ सबसे रहस्यमय एपिसोड्स में से एक। मेरी समझ से मैं इसको हमेशा के लिए डाउनलोड कर के अपने पास रखना चाहूंगा।
This government can only blame congress and nehru........ wants Jio to be the only telcom
Telecom sector is going to die and lakhs and lakhs of people will loose their jobs, economy will keep on sinking.
This problem will create a chain reaction.
This looks more and more problematic.
When old Banyan tree dies small plant will grow
If you read supreme court verdict on Adjusted Gross revenue AGR you will understand the telecom companies requested to pay floating share of profits rather than fixed license fees of Rs.10 Crores a year. As in initial years these companies were facing huge losses, they requested Govt.
Although I lean more towards the current dispensation as compared to any congress led coalition, and I knew that Mr. Shekhar Gupta has a ' reputation ' of being 'anti-Nda' specially in the modi era, I started watching this program and found it to be really neutral, to the point, and very very very objective with brilliant analysis by Shekhar sir. As I, and am sure many many more young people, get hooked on to thought provoking programs like this, we hope that you guys in the team of the print, set aside your own feelings and views as much as possible from the programs or analysis you present. And mind you its easier said than done. Something just creeps in to your analysis from your subconscious quite surreptitiously.
This program is Nothing short of brilliant. Keep up the good work dear Shekhar sir.
Elon musk laughing with his starlink setup
Dont forget the gangster Ambani
@@nirmalpauly Why is he a gangstar? Jio had a small payment left, which they have already paid
I for one, side with government and court on this. Corporates knew about all this before signing on the dotted. Creating a scare of job losses now is not the right thing to do.
Excellent and Amazing presentation of the analysis. This was so informative and didn't notice the time pass. Looking forward to more such content. Kudos :)
Great to hear that, Rattan. Stay tuned for more videos!
Sir, please declutter the mess in the ecommerce sector, which is heading towards a duopoly, where both beneficiaries are US-based giants and Indian suppliers and customers are dependent on them.
@an raghav by we I mean consumers who want to shop online.
Initially... I was convinced by watching this show...
But now, when I myself googled... Found Ur also from that Sibbal & Sinhavi's lobby who are spreading lies ..
Please read the writeups from Mr Gopalkrishna ...
please provide the link and valid reason for your statement !