Tuesday, May 6, 2008

Why Corruption?

Because money is essential to fight elections, elected offices are viewed as sources of money primarily. The bureaucracy has been corrupt through the ages right from the kingly times. Elected officials use them now to collect money.

Until such time as the need for money in elections disappears, parliamentary democracies would continue to live on corruption. When people become economically stronger, they would cease to look for money in elections. Politicians would then be judged on their other qualities.

Sunday, May 4, 2008

SBI conducts a PO selection test

The SBI conducted a Test this Sunday to select POs. Candidates were made to write from 9AM to 5.45 PM with an interval from 12 noon to 1.40 PM only. Such a tortuous schedule is unheard of elsewhere in the world. Information of these timings was not given either in the Application brochure or hall ticket. Many candidates especially those from far off places could not sit through the whole examination.
The Test is likely to be nullified by some Court of law since candidates are likely to file cases citing the timings. SBI would then conduct one more such examination. They will thus get a chance to pay crores of Rupees a second time for the same examination to the outsourced agency that conducted the examination. With about three lakhs candidates from all over India paying Rs 250/- each for the application form, this might not be tough on the SBI. The private company that is contracted to conduct the examination and the officials who award the contract alone might benefit from such an examination to select merely about 500 officers. A PSB should not adopt procedures of this kind and cheat the unemployed.

SHORT NOTE ON INDIAN PUBLIC SECTOR

Globalisation is the philosophy of greed. It is surmised that the greed of manufacturers and sellers to have more sales would have them fight each other and under-sell. The customer would thus benefit.

However, in newly globalised economies like India, we find them ganging up together against the consumer. The new generation banks of India are an example. In fleecing the customers, they are always similar. It is the same with most new services from the new Capital.

The public sector in India is owned by the people, but run by the bureaucracy and the politicians. While the private sector stands for profits to the owners, Indian public sector has been for profits to the managers. The practice of government's bailing out such criminally managed PSUs still continues in India, when the tax payer is made to pay from their taxes for the private profiteering of PSU managements.

In militant areas like Kerala, the trade unions also get a huge share of the booty. An example is Kerala's FACT, a fertiliser company whose manufacturing costs render their products un-saleable in the market. The factory is also responsible for total pollution of the Periyar River and the ill health of the total population of Ernakulam district. The union government is shelling out hundreds of crores of rupees every year to help the factory out. This money is used only to pay off the suppliers of the company. Such payments help grease the palms of the executives and the union leaders, for which reason they use their political muscle to force money out of the government.

The question is where and how we can find the golden mean of efficiency and usefulness from enterprises, in such a dilemma.