Why does the govt of India still believe in running by decree and regulation of industry? Why don't they incentivize instead?
Instead of dictating auto companies to make 6 airbags mandatory, why doesn't the govt reduce taxes or give credits for manufacturers who build safe cars?
It's not as if incentivization doesn't work. When Karunanidhi wanted Tamil film industry to have Tamil titles, he did not pass a decree.
He said all movies with Tamil titles will get Entertainment tax waivers.
Till GST, no Tamil movie had other language name post that.
But somehow the Govt has to take a cue from the British Raj to run the country.
Put rules left right and center. Pass hundred decrees and regulations. Tax the hell out of industries. Drive up prices, make common people suffer.
Remember my thread about LHB coaches the other day and how they are safer?
Today there was distressing news about a Train accident In WB that took 5 lives
This tragedy happened because that train was running coaches designed in 1955, which in an accident, climb over one another
Most of the loss of life happens not because of the actual derailment, but because of coaches smashing into one another.
The LHB ones are telescopic in design and in a derailment, they don't overturn or climb over one another.
As a result there is no tragic loss of life.
We had this coaches since 2003. But because the previous govt decided that the cost of Indian lives was not worth the cost of the new Coach, they didn't do anything.
As a result, 50% of the trains still run on these relics, which deserve to be in a museum, not tracks.
Unpopular Opinion: No matter what you do in India, you can never uproot the traditional distribution networks in India, especially in FMCG. Any company which overlooks them and favours Udaan, Jiomart etc etc, is shooting themselves in the foot
No single company can cover the entire length and breadth of this country. TN alone has more than 1 Lakh retailers, of different sizes and values. You can homogenize all of them.
Traditional distribution does two very important things 1. Bulk Breaking 2. Giving Credit
And they can do that because of the area they serve. They know the credit worthiness of a retail outlet. They have familial or historical ties with them. Not only do they know how to give credit, but also how to get the money back.
All this LinkedIn talk about spending 25 Lakhs for an MBA vs startup is so pathetic
First, most people who do an MBA don't have 25 lakhs to spend. Most take a loan
Banks easily give a loan for an MBA. Try asking them money for a startup
You will be chased out before Lunch Time
Second, MBA offers a minimum guarantee of a Good to a decent Job. Even if you pass out from a Tier 2 institute. The probability is close to 80%, you will walk out with a salary.
If you start up, the probability of you failing is 90%.
And in India all this gyaan about learning team building, execution and motivation are as useless as a snow maker in Anatartica.
In India nobody hires a straight out of college, failed startup founder, unless that Guy is from IIT.