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Swarna Bharat Party: Urgent reform in electoral system needed to attract honest people in politics

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Mr Vishal Singh, President  of India’s only liberal party, Swarna Bharat Party highlighted the need to reform India’s electoral system if honest and competent people are to be attracted into politics.

He further added that the Westminster system and a First Past the Post voting methodology which India adopted are the proven systems that worked well in many countries. However, in India, we have distorted the underlying incentives of the electoral process, leading to incentives for corruption among politicians.

No Indian is born corrupt. It is badly designed systems that lead to corruption. In our system, politicians stand to lose a lot of money when they contest elections. Those who get elected therefore seek to recover their costs, with compound interest. On top of this, we pay our politicians relatively poorly. This creates a perfect storm of incentives for corruption.

Simplistic solutions like Jan Lokpal do not address these huge incentive pitfalls. While there must be a system to punish the corrupt, it will not act as preventative with the kinds of incentives we have in India.

He said the first part of the solution is to reduce the opportunities for corruption by focusing on core function and high quality but minimal regulation of the market. The second part of the solution involves minimising politicians’ losses in the election and paying them well.

Mr Vishal Singh said that all candidates should be reimbursed Rs.15 per valid vote cast, up to a maximum of Rs. 70 lakhs. Along with this, the security deposit should be significantly increased to ensure that only serious candidates contest elections. Genuine candidates can, if needed, borrow money for their security deposit, assured of reimbursement for the votes they will receive.

Further, the salaries of elected representatives should be raised significantly, while eliminating all perquisites such as free travel, telephones, furnishings, vehicles or loans.

Mr Vishal Singh assured that such reforms will dramatically enhance the proportion of honest representatives who enter India parliaments. The SBP manifesto details the other essential and associated reforms that the party will implement.(Image-wikimedia)

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Sony Mobile Exit India Market Owing to Hyper- Competition

Sony Mobile would continue to monitor the market situations and business feasibility in the country

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Sony Mobile, India
the pressure from Chinese brands and Samsung in the major price segment resulted in continuous decline of sales for Sony. Pixabay

Facing stiff competition from Chinese and South Korean players, Japanese conglomerate Sony Corporation has announced to quit the Indian smartphone market.

Sony had less that 0.01 per cent of the total Indian smartphone market share in the first quarter of 2019, according to Counterpoint Research.

Sony Mobile, however, said that it would continue to monitor the market situations and business feasibility in the country.

“Our focus markets are Japan, Europe, Hong Kong and Taiwan to drive profitability and future prospects in the 5G era,” Sony Mobile said in a statement on Wednesday.

Sony Mobile, India, Market
Sony Corporation has announced to quit the Indian smartphone market. Pixabay

“We have ceased sales in Central and South America, the Middle East, South Asia, Oceania, etc. in FY 18,” it added.

The company assured that it would continue its customer support operations including after sales support and software updates for existing customers in India.

The India smartphone market is currently dominated by Chinese players like Xiaomi, OPPO, Vivo and OnePlus among others, besides South Korean tech giant Samsung.

According to Shobhit Srivastava, Research Analyst, Mobile Devices and Ecosystems, Counterpoint Research, the pressure from Chinese brands and Samsung in the major price segment resulted in continuous decline of sales for Sony.

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“With declining sales in India and other markets, Sony took the right decision to focus on the high ASP (average selling price) markets such as Japan,” Srivastava told IANS.

Sony India in July last year brought its flagship “Xperia XZ2” smartphone for Rs 72,990 to India that turned out to be its last launch.

“In a cut-throat market like India where Chinese smartphone brands rule the roost with industry-leading specs and having over 60 per cent market share, it’s tough for other brands to garner a meaningful revenue share. Sony has had a very miniscule market share in India,” Prabhu Ram, Head, Industry Intelligence Group (IIG), CMR, told IANS.

For Sony, the performance of its mobile business has lacked the sheen, and has been a clear outlier compared to its other divisions.

Sony Mobile, India, Market
Sony had less that 0.01 per cent of the total Indian smartphone market share in the first quarter of 2019. Wikimedia Commons

“It makes sense for it to cut its losses and refocus on other verticals,” Ram added. (IANS)