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Many Indian billionaires are into rent seeking [0]. Reliance is definitely one of those. I don't think this will augur well for Indian economy even if the cust

Many Indian billionaires are into rent seeking [0]. Reliance is definitely one of those. I don't think this will augur well for Indian economy even if the customer can make some savings in short run. After the market consolidation, Reliance can easily raise the rates. The margins that would have gone to N middlemen would now go to a few with Reliance taking the larger share. The Indian economy is not known for creating jobs lately. [0] https://www.epw.in/journal/2012/40/commentary/where-do-indias-billionaires-get-their-wealth.html https://www.epw.in/journal/2012/40/commentary/where-do-india...

jeswin 5y ago
> Many Indian billionaires are into rent seeking [0]. Reliance is definitely one of those. Reliance made most of their money in Petrochemicals. It is India's largest exporter, accounting for 8% of India's total exports. They have other interests too, but I wouldn't classify them as a "rent-seeking" enterprise.
- thewhitetulip 5y ago
  Jio totally destroyed the telecom sector. It used to be affordable earlier. Then jio made it pseudo affordable for the rich Companies collapsed and merged and now the duopoly is jacking up prices so much that poor people have to pay 100rs just to keep card active
  - kamaal 5y ago
    >>It used to be affordable earlier. It wasn't affordable earlier. In fact internet/data plans were fairly expensive before the 4G days. It's a lot saner now. >>Companies collapsed and merged and now the duopoly is jacking up prices so much that poor people have to pay 100rs just to keep card active Please stop spreading lies, I still freshly remember the earlier days of paying some 500 rupees for a recharge and getting barely 150 minutes of talk time and that too with some 25 days of validity. And yeah the SMS, and other services were charged like 1 rupee per SMS. One of the big wins Ambani claims to have achieved is how Jio exposed scammy pricing practices were in the telecom sector before.
    - thewhitetulip 5y ago
      Lol I have to recharge 260 to 300Rs for 1.5gb dataper day with unlimited calling.both of which I don't use because I do WFH & have to spend 1.5k per month on 100MBPS broadband I also have to pay 100rs per month to keep my other sim active. Guess what? Before this shit show I barely paid anything as I don't call anyone or use net pack EVER. But now I have to spend money to keep my number active. And guess what? The cost of doing so keeps on rising. Probably jio fanbois don't realise this but monopoly doesnt give a crap about you. It's like startups with venture capital.. they give steep discounts to hook you in and then they jack up prices after destroying competition Sure Jio reduced SMS prices (something nobody really uses anymore). Sure per GB data prices are reduced.. but can you really buy a topup any more only for calling? Nope. They bundle all kinds of crap and sell it for 300rs. How the f** is that cheap? How's that different than the 1re per SMS? Sto pretending like you're getting a better deal. You're not. Just one year ago we had 45rs recharge to keep phone active now it's gone up to 99Rs starting tomorrow. Stop being an ostrich who hide shis head in the sand because he is too uncomfortable to realise the reality around him
      - stillblue 5y ago
        For anyone reading this comment who is outside India. We never had anything called activation charges until very recently. People like the commenter above get a sim and not use it for months without paying anything and the provider had to make sure the number was ON. This became such a plague a provider went down under. Now all the providers came together and decided on a way to stop this from happening. As expected, there is an outrage. > they give steep discounts to hook you in and then they jack up prices after destroying competition You bough a Docomo sim. You have a jio sim now too. You don't get to talk about this. Don't be a hypocrite. > but can you really buy a topup any more only for calling? Yes. That is literally what I do for my other phone. https://www.jio.com/jio-top-up-recharge-plans https://www.jio.com/jio-top-up-recharge-plans Do you see where it says "top up". Click that thingy and follow the instructions. > Just one year ago we had 45rs recharge to keep phone active now it's gone up to 99Rs starting tomorrow. If you're the kind of person who'd recharge for 100 rs and keep it for 6 months and expect top notch service, I hope they jack up the prices for activation to 1000 rs so they drive bad consumers like you out of the market so the rest of us can use the services as intended.

jeswin 5y ago

> Many Indian billionaires are into rent seeking [0]. Reliance is definitely one of those. Reliance made most of their money in Petrochemicals. It is India's largest exporter, accounting for 8% of India's total exports. They have other interests too, but I wouldn't classify them as a "rent-seeking" enterprise.

thewhitetulip 5y ago
Jio totally destroyed the telecom sector. It used to be affordable earlier. Then jio made it pseudo affordable for the rich Companies collapsed and merged and now the duopoly is jacking up prices so much that poor people have to pay 100rs just to keep card active
- kamaal 5y ago
  >>It used to be affordable earlier. It wasn't affordable earlier. In fact internet/data plans were fairly expensive before the 4G days. It's a lot saner now. >>Companies collapsed and merged and now the duopoly is jacking up prices so much that poor people have to pay 100rs just to keep card active Please stop spreading lies, I still freshly remember the earlier days of paying some 500 rupees for a recharge and getting barely 150 minutes of talk time and that too with some 25 days of validity. And yeah the SMS, and other services were charged like 1 rupee per SMS. One of the big wins Ambani claims to have achieved is how Jio exposed scammy pricing practices were in the telecom sector before.
  - thewhitetulip 5y ago
    Lol I have to recharge 260 to 300Rs for 1.5gb dataper day with unlimited calling.both of which I don't use because I do WFH & have to spend 1.5k per month on 100MBPS broadband I also have to pay 100rs per month to keep my other sim active. Guess what? Before this shit show I barely paid anything as I don't call anyone or use net pack EVER. But now I have to spend money to keep my number active. And guess what? The cost of doing so keeps on rising. Probably jio fanbois don't realise this but monopoly doesnt give a crap about you. It's like startups with venture capital.. they give steep discounts to hook you in and then they jack up prices after destroying competition Sure Jio reduced SMS prices (something nobody really uses anymore). Sure per GB data prices are reduced.. but can you really buy a topup any more only for calling? Nope. They bundle all kinds of crap and sell it for 300rs. How the f** is that cheap? How's that different than the 1re per SMS? Sto pretending like you're getting a better deal. You're not. Just one year ago we had 45rs recharge to keep phone active now it's gone up to 99Rs starting tomorrow. Stop being an ostrich who hide shis head in the sand because he is too uncomfortable to realise the reality around him
    - stillblue 5y ago
      For anyone reading this comment who is outside India. We never had anything called activation charges until very recently. People like the commenter above get a sim and not use it for months without paying anything and the provider had to make sure the number was ON. This became such a plague a provider went down under. Now all the providers came together and decided on a way to stop this from happening. As expected, there is an outrage. > they give steep discounts to hook you in and then they jack up prices after destroying competition You bough a Docomo sim. You have a jio sim now too. You don't get to talk about this. Don't be a hypocrite. > but can you really buy a topup any more only for calling? Yes. That is literally what I do for my other phone. https://www.jio.com/jio-top-up-recharge-plans https://www.jio.com/jio-top-up-recharge-plans Do you see where it says "top up". Click that thingy and follow the instructions. > Just one year ago we had 45rs recharge to keep phone active now it's gone up to 99Rs starting tomorrow. If you're the kind of person who'd recharge for 100 rs and keep it for 6 months and expect top notch service, I hope they jack up the prices for activation to 1000 rs so they drive bad consumers like you out of the market so the rest of us can use the services as intended.