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Thursday, January 25, 2007

regulators or controllers?

text of the letter sent to the press:

The TRAI's intent to slash the roaming charges by some 56% appears more resulting out of a directive from the government with a view to wooing the electorate before the impending elections in UP and other states. With these kinds of agenda's being pushed through the regulatory bodies, they are in general seen to be acting more like Consumer Fora than playing the role of the impartial regulator that they were meant to be. Perhaps this is inevitable when their Chairmanships become sinecures for retired bureaucrats.

Unfortunately, there still seems to be very little appreciation in the country of the fact that, for a healthy business climate to develop, market factors should dictate the decisions as far as possible, with interventions by the regulator coming in only when very essential.


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