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Posts Tagged ‘English media’

‘IT players failed us in financial inclusion drive’- says the RBI

August 17, 2009 1 comment

The rich target the poor ...

The rich target the poor ...

The Reserve Bank of India (RBI) has accused IT giants of being indifferent towards the cause of financial inclusion in India. “The scale of business in financial inclusion is so big that we need participation from big IT companies,” said KC Chakrabarty, deputy governor, RBI, speaking on the sidelines of a financial inclusion seminar organised by Skoch, a consultancy firm. He added lack of interest and involvement by big IT companies was making banks’ endeavour of financial inclusion unsuccessful.

According to Mr Chakrabarty, involvement of big IT companies was important to bring down the transaction cost. (via ‘IT players failed us in financial inclusion drive’ – The Economic Times).

How India missed out …

Due to our well-cultivated tunnel vision about English language (amongst many other things), India missed out on Japanese investments, technology and business. Indian loyalty to English language exceeds the loyalty of the British themselves to their language – and we refuse to see how this affects us.

Reforming Indian education

India urgently needs to put more languages in lingual-education basket – instead of putting all our eggs in the English language basket. We can’t do business with the French or Germans, Spanish or the Arabic speaking world. The Chinese and Japanese are out of bounds to us – as are the Swahili and the Bantu.

The Indian language basket also calls for diversification. India needs to learn more foreign languages. But with our bankruptcy of ideas on restructuring Indian education system or the vested interest banging begging bowls in front of the Indian tax payer!

The Indian software ‘success’

The great ‘software’ success story is actually two countries – US and UK who give between 70%-80% of Indian software business! This is coolie labour! We are missing out on the massive Japanese, French and the Spanish markets because we have not invested in those foreign languages. Same story in Europe also – major opportunities overlooked and ignored. And we have missed out on computing in Indian languages, because we have not invested there either. So, RBI’s peeve is right – but the solution is somewhere else.

Is it due to the apparent Indian decision to tie its future to the sinking ship of the Anglo Saxon Bloc?

Hand-over English education to the private sector

The reason we’ve driven all the way to Neemrana … is the NIIT University that is taking shape in the shadow of the Aravallis here, a 100-acre campus that though still under construction, will, insists Pawar, be ready to welcome its first students — for courses in BTech, MTech and PhDs in computer science and engineering, educational technology, and bioinformatics and biotechnology — in September this year. “We grew from a two-week course,” says Pawar — this was in 1981when NIIT was launched — “to a year-long course in 1989 as a need-based response and franchising model to grow HR practices, innovation and breaking fresh ground.” It rode the IT boom, creating opportunities for skill-sets in, besides IT, banking, finance, insurance and management. “The path to higher education was always clear,” Pawar now nods. (via Breakfast with BS: Rajendra Pawar).

Backdoor privatization

The Vedanta industrial group is setting up a University in Orissa. From a campus at the new Lavassa township, Oxford is going to start offering courses. These and other represent the quiet backdoor ‘privatization’ of Indian higher education.

Hidden subsidies

Large tracts of lands are being acquired by the Government, and handed over for a pittance to the private sector. Soon, we will have competition between State Sector subsidized English education – and private sector subsidized education.

Who will help Indian languages get back on their feet

While Indian language Universities are struggling – for funding, respect, status, support, foreign Universities, using paper money, backed by the Bretton Woods fraud, will impose their ideas, culture, etc in India.

While the English speaking economic bloc is struggling, India is not focussing on the French, Spanish, Japanese, Chinese Blocs which are large, excellent opportunities.

This can be a way out …

This actually is a good way out. There is a significant demand for English language education – at least currently. This demand can be met by the private sector. In the meantime, misdirected State subsidies can be gainfully used to help Indian language education get back on its feet.

In the not very long run, the state must get out of making up the minds of its citizens.

Why India’s education system is losing out…

January 17, 2009 2 comments

In 2007-08, India sent over 94,500 students to American universities. They accounted for 15 per cent of the total international students’ population in the United States. Experts believe that in a year or two, India would lose the number one position, it has held for the last seven years, to China.

Indian students spent about $2.36 billion, or Rs 11,800 crore (Rs 118 billion) at today’s exchange rate, on their education in American universities … many students from India may have gone to study at these universities after obtaining scholarships … If that is the case for Indian students also, then the total spend by Indian students from their own pockets would be about Rs 7,300 crore (Rs 73 billion). (via Why India’s education system is losing out….).

This article then goes onto how India could sharpen its edge to remain the ‘top’ supplier of ready made talent to the USA – and pay for that privilege. It talks about the poor state of Indian education system – without once mentioing about the exclusion of large masses of people on the basis of language.

Only English speaking people allowed into Indian higher education system!!

What should Indian film industry expect in ’09?- Business of Bollywood-The Economic Times

January 15, 2009 1 comment
Indian film montage

Indian film montage

India’s biggest money-spinner film was a Tamil film—Sivaji, starring none other than the superstar Rajinikant. Of course, there is the fact that the Aamir Khan starrer Ghajini is a remake of a Tamil film.

Even at debated figures, Sivaji’s gross of over Rs 100 crore was unheard of for Indian films, leave alone any regional cinema. India’s status as the largest film industry in the world comes from the combined forces of 22 languages, including Hindi which released 1,146 films in 2007 (according to the Ficci Frames PwC E&Y report 2008).

Of the over 1,000 films, only 257 were Hindi with Telugu coming close with 241 and Tamil in third place with 149, Kannada with 111 and Marathi with 97. The figures changed to mostly lesser numbers for regional yet the order remains more or less the same. Even if Hindi films muscle in with more commerce making up approximately 45% of the total Rs 96 billion filmed market (apprx), the other 55% cannot be ignored. (via What regional film industry should expect in ’09?- Business of Bollywood-Features-The Economic Times).

A few interesting aspects: –

1. The English media in India and the Westernized Indians snidely refer to the Indian film industry as Bollywood (Mumbai), Tollywood (Telugu film industry) Mollywood (Madras, Malayalam) Kollywood (Kodambakkam, Kolkatta) – as one would refer a poor country cousin.

2. Fact is the Indian film industry is driven by a completely different idiom, ethos when compared to Hollywood. In fact, Indian film industry itself is actually about 4-5 centres of film making (for different languages) – spread all over the country. Each of these centres have different film styles. So, the Indian film industry owes nothing to Hollywood – and Indians have difficulty in believing that. Hollywood is singularly unsuccessful in India.

3. The State is possibly the biggest drag on this industry – which is weighed down by heavy taxes.

4. The Mumbai industry remains dominated after a 70 years, by Punjabis and Muslims. There is something about (their cultural mix which enables) this dominance.

5. Isolated international success and limited (international) distribution organization of the industry, has stopped this industry from competing in the world markets. The completely different idiom and the creative mix, will create its own separate market.

6. Till about 10 years ago, Indian film industry was considered too ‘infradig’ to be studied, analysed or even understood – by the academia. That is slowly changing. Some interesting books and writers have emerged in the last 1 decade.

Indian lack of Japanese language skills comes in the way ? Businessworld

November 24, 2008 5 comments

We are proud of our Anglophonicity and our connection with the US. But there is a whole world out there which does not speak English. English is not the only language of scientists and enginners. It is possible to learn from any technologically advanced country, and people can do so by learning its language. China sends thousands of young people to American universities; but it does not confine itself to the

Anglophone world. The Chinese also learn Japanese to access knowledge from Japan. Similarly, the Poles and Russians learn German to access German knowledge. Japan and Germany have not missed out on Indian brains; they just do science and technology in their own language, and use the brains of nationalities that are prepared to learn their language.

Not that Japanese companies avoid English altogether. (via Businessworld – A Perception Of India).

How India missed out …

This article lays out how India missed out on Japanese investments, technology and business – due to our well-cultivated tunnel vision about English language (amongst many other things). Indian loyalty to English language exceeds the loyalty of the British themselves to their language – and we refuse to see how this affects us.

India urgently needs to put more languages in lingual basket – instead of putting all our eggs in the English language basket.

What we cannot … however, allow ourselves to become is an outpost of the Japanese business system – which is what this article pushes India to desire.

Doing less business with India however, is as much a Japanese loss as much as Indian!!

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