May 13, 2019

Numbers portability and political risotto

As the general elections are nearing a close, Visiting Senior Fellow Shankkar Aiyar draws a parallel between political strategy of alliances and telecom services.


"The political strategy of alliances in India is frequently reminiscent of the issues faced with telecom services. Often towards the end of a regime’s tenure there are call drops —the phenomenon when parties perceiving an advantage choose to exit alliances. Not every party has political meteorologists, and therefore often parties are faced with the phenomenon of missed calls—choices which result in the parties being on the wrong side of power.  To redress this, like for mobile subscribers, there is the facility of number portability—which allows parties to use their seat count to switch sides, choose convenience over conviction."


As between political alliances and financial markets,


"Proximity sensors and gyroscopes of political parties went aflutter this week when TRS chief and Telangana Chief Minister K Chandrasekhar Rao went about seeking meetings and speaking to party leaders to form a non-Congress, non-BJP front. By no means is this a rearguard action. The regional parties see a window of opportunity in their assessment of what the results could throw up on May 23—and like astute hedge fund managers, party leaders are going through what investment managers call market and price discovery."


Read the full article here.

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