Wednesday, July 02, 2025
Highly lucrative asset laundering.
"Kochi-based startup founder Dr Deepessh Divaakaran says India is funding an elite engineering system that largely benefits foreign companies - calling the IIT model 'state-sponsored cognitive asset laundering'." "A software engineer in the US earns Rs 15 million per year. An entry-level ISRO scientist earns Rs 1.2 million. We pay for the training. The West buys the mind," he said. Absolutely. Now compare the ISRO scientist with the salary, the 10-star perks and the unchallenged power of an Indian Administrative Service (IAS) Officer and with a Member of Parliament (MP) whose perks are probably (NDTV) more than that of Senator in the US, with the advantage of being able to control the police so that 251 out of 543 Lok Sabha MPs have criminal charges against them, including murder, rape and kidnapping (TNIE). Lawyers charge up to Rs 1.5 million per appearance. Lloyd Law College. Appear in court, find a reason for an adjournment and pocket the fee. Is it any wonder that there are 180,000 pending for over 30 years (The Legal Crusader)? Perhaps, it is not just about money, but about job satisfaction, about not having to explain to a pompous civil servant, not being abused by a politician, as this incident in Goa showed (TOI) and not spending sleepless nights trying to figure out a way to fight fake accusations by our controlled investigative agencies (The Wire). A study into aspirations of Young India found that for many of the respondents "the aspiration was a government job, a coveted position of stability and security." "The reasons for this specific goal were mainly related to personal well-being - security, low pressure, predictability, high-status and recognition. 'Not much scope after B Tech, so I chose civil services,' was a typical response," wrote M Krishnamurthy & R Bijapurkar. If there is no demand for an engineering degree in India why blame our students for looking abroad? "India faces a significant challenge in its employment landscape, with over 50% of graduates occupying roles that require much lower skill levels...based on findings by The Institute of Competitveness, affiliated with Harvard Business School." "According to the findings, despite increased access to higher education, an astonishing 88% of the workforce is engaged in low-competency jobs." ET. Recently, Hotmail founder Sabeer Bhatia "pointed out that people were focusing too much on religion and regional background, instead of recognizing individual talent and hard work." News18. "For decades, the Indian state has communicated less as a facilitator and more as a scolder-in-chief." "As Ashis Nandy observed, colonial power in India wasn't dismantled - it was domesticated. The Viceroy became the Collector. The Queen's English morphed into affidavit Hindi. But the emotional infrastructure of dread stayed perfectly intact," wrote Partha Sinha. Overseas remittances from the Indian diaspora was $135.46 billion in fiscal 2024-25 (TOI) whereas our trade balance of combined merchandise and services was --$94.26 billion in the same year (pib.gove.in). At least our "state-sponsored cognitive asset laundering" is highly lucrative. We have no use for educated youth. They are creating money for India. Be grateful.
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