Banning BlackBerry service will be counterproductive: RIM

New Delhi: BlackBerry manufacturers have suggested forming of a joint consultative forum comprising government, users and service providers for drawing up procedures to intercept services likes Enterprise Mail as banning the service would be "counterproductive", reports PTI.

In a letter to cabinet secretary K M Chandrasekhar, Canada-based Research In Motion (RIM), makers of BlackBerry, virtually refused to provide an intercepting technology for its BlackBerry Enterprise Server (BES) and said it had provided options to Law Enforcement Agencies (LEAs) within India's existing techno-legal framework.

RIM said the BES service uses standard technology which was no different from any of the other encryption products used to provide Virtual Private Network on both wireless and wired networks.

RIM said it also strongly believed that the concerns of LEA and the government can only be effectively addressed in a wider dialogue between government and industry.

"Singling out products like BES in the present instance and imposing ban on such services would be futile and counterproductive," vice president of RIM Robert E Crow said in the letter.

RIM said the ban would be futile as anyone who wanted to misuse of Internet encrypted technology would shift to any one of other numerous and freely available options. The step would be counterproductive because any ban or suspension of services like BES, which have played a key role in success of modern business, will affect information security and efficiency of both commercial and government organisations.

The government has given a time of two months to BlackBerry for providing technology for intercepting its BlackBerry Messenger (BBM) service and BES.

"As this issue impacts the Internet industry as a whole, we at RIM therefore earnestly request that a joint consultative forum, of government, users and providers of encrypted services, be established for collectively engaging and assisting the Government to draw up procedures and process that will be adhered to across the board to address the concerns of LEA and the misuse of such technologies," Mr Crow said.

BlackBerry manufacturers claimed that the approach was necessary because network operators and service providers do not have clear access to target information as the users have.

"...As we understand it, many of these users also want the opportunity to directly engage with the government to find solutions," Mr Crow said.

User

Do Indian regulators need a hearing aid?-I

Even as the Sensex scales a 32-month high, thousands of crores are flowing out of equity funds while data from the NSE proves that the Indian equity market is extremely hollow. But regulators are in an ivory tower. They are not listening. This is the first part of a three-part series

A loud gasp of disbelief went up in mid-August when Moneylife reported the data released in Parliament that showed how narrow, shallow and illiquid the Indian equity market is and that it is concentrated in the hands of a few individuals in a few centres.

The minister of state for finance replied to a question in the Rajya Sabha that 50% of the cash market transactions came from a shockingly low 451 investors of which 156 were proprietary traders; 50% of the trading in National Stock Exchange's (NSE) derivatives segment, the main pillar of the Indian stock market system, came from just 106 investors of which 58 were proprietary traders. The minister had sourced this data from the secretive, powerful and extremely profitable NSE.

And, yet, NSE attempted to refute it a few days later - which only raised more questions. But the fact is that the stock depositories have recorded only a modest increase in new accounts over the years. And stockbrokers, who were on a massive expansion spree in 2007, are no longer talking of opening hundreds of branches all over the country. Nor are they hiring furiously.

In early September, when the data for fund flows in and out of mutual funds for August was released, it transpired that another Rs3,000 crore had flown out of equity mutual funds. The total outflow over the past 13 months has been as much as Rs14,000 crore. Moves by the Securities and Exchange Board of India (SEBI) to popularise buying and selling of mutual funds through stockbrokers' terminals have not exactly taken off. The irony is that the stock exchanges, which run with sharp profit motive, have had another great year and market benchmarks have scaled a 32-week high.

The divergence between the apparent market boom and what investors are actually doing is striking. What is the reason for investor apathy? And why do policymakers accept this fact? Nearly 20 years after India embarked on financial liberalisation, why don't we have a significant equity cult? Moneylife has been seeking answers to what went wrong. Well, a lot. One of the key problems could be the lack of interaction between regulators and investors that results in regulations often being formulated without taking into account investor needs and requirements. Even well-meaning regulation sometimes turns out to be a hindrance to market development, but regulators seem unwilling to accept mistakes or consider course-correction even when confronted with strong data. Stock exchanges, which are the first line of regulation, are even more isolated from real investors. They only deal with market intermediaries; even their investor seminars are a one-way communication, that too rarely with top decision-makers.

Moneylife decided to conduct two polls, based on our interactions and the feedback we receive from investors on issues of current importance. The first focused on a recent SEBI diktat that asked brokers to collect detailed financial information from investors, ostensibly to track down and eliminate the flow of black money into stock markets. Many investors think this is pure harassment and a majority are most unwilling to share their entire financial history, in the form of tax returns, with stock brokers. Dozens of such annoying rules are cumulatively responsible for driving investors away from the capital market. It is unjust too, because a big chunk of black money in the markets is routed through disguised sub-accounts of foreign institutional investors (FIIs).

We asked investors what they feel about this SEBI rule. We also asked investors what they feel about the arbitration process and a few issues regarding mutual funds. Our second survey was on portfolio management schemes (PMS) which have collected a huge Rs30,000 crore from investors but have triggered a slew of complaints about mismanagement and losses.

(In the next part, we will look at what investors have to say on a wide range of issues that affect them directly).

User

COMMENTS

GAURANG MODI

7 years ago

FOR SEBI RULES YOU HAVE ASKED THAT FEW COMPANIES ARE OPERATOR BASED IN THAT CASE WHICH KIND OF COMPLAINTS ARE SOLVED BY SEBI.
SEBI OPERATOR BASED COMPANY ME WATCH NAHI KARTI HAI.
AND IN BULK SMS CASE ANY PERSON CAN SEND TIPS SO YOU WILL COMPLAIN AGAINEST THEM AND CLOSE THIS TIPS MARKET.

paresh

7 years ago

can we challenge sebi's decisions in court?

REPLY

Keshav B Bhat

In Reply to paresh 7 years ago

Dear Sir,
Who will Bell the CAT?
going to court will cost money and time, Can any IFA can afford it?
If you can afford please do it instead of asking can any one or epecting the others to do it
Regards,
Keshav B Bhat

paresh

In Reply to Keshav B Bhat 7 years ago

just i want to know,can we challenge it or not? i am not asking anyone to do it.

Keshav B Bhat

In Reply to paresh 7 years ago

Dear Sir,
we are living in a democratic country definitly in my view it can be challaged in the court of law
Regards
Keshav B Bhat

Gaurav

7 years ago

According to SEBI executive director's interview in today's Economic Times - critics of his mutual fund policy are 'barking'. see http://bit.ly/9i3Pa2

kishore ghiya

7 years ago

All investors associations regd with sebi and getting grant for investor education seminar be made transparent and mandatory to display identity of the directors. i am sorry at rajkot investor association is headed by husband and wife broker family ramjibhai mavani and ramaben mavani who are actually are doing aniinvestor activity and wasing time of sebi.
secondly unless entry levels are reduced for all the market players nothing will improve.Survey is another form of media manipulation why not sit at investor complaint cell at sebi and exchnages and educate the types of schmes these brokers play on us.
After reliance power ipo and rs 7000 cr scam of satyam you want indian investor to stay or new fresh investor to enter, i do not think so let us admit we have failed in protecting the money of investors and so they are getting out pl admit and discuss what can we do to build thier faith.
visit MF industry collect names of people who redeemed and send them query why are they getting out and prize money for replying you will have all the answers.
Till then retired persons like me will keep on writing and nothing will happen.
visit fool.com USA site and learn how investors clubs are getting self educated,this is the only way to bring back retial investors.
only competition and competition will cahnge the system.

Michael

7 years ago

When the British wanted to Control (rule) India, they used the then Kings and Rulers to scuttle the others who would make trouble and then took over our entire country.

Now when the FII's wanted control, many so called measures to protect the small investor were introduced which had the effect that was wanted drive the local participation from the market. Explain why a 5 year Bank Deposit should attract a Tax Benefit when and ELSS does it in 3!. And that to in the DTC even ELSS has been remved as tax saving instrument

The politicians and Sebi are hand in glove to pave the way for the FII's "enter when you want, leave when you want" (may be fill our pockets too on your way out) No restrictions this market is yours. Anybody troubles you leave it to us to get rid of them!!!

REPLY

Roopsingh

In Reply to Michael 7 years ago

Dear friend-this FII is none other then mauritious route which enables our corrupt politicians to park through participatory notes(these P-notes are 100% black money becasue source of income or identity of investor is legally hidden-so dont think that only white skin FII are involved-KALE ANGREZ JYADA dangerous hai-

Keshav B Bhat

7 years ago

Dear Sir,
We Indians generally know how to boast ourseves "how we are united in divercity", how our culture is rich in traditions and values etc but most of us think of ourselves and dont want to respect others feelings and views. Most of us say we are trying to do this and that for the society but mostly all these are only eye wash and nothing else. Today all who are in SEBI or AMFI or PFRDA or any regulatory position are in reality not interested in bringing more and more small investors in to equity market either directly or through MF route may be because of their own personal interest(what ever it may be best known to themselves). The AMFI website boasts thousands of investor education programmes conducted by AMCs, but fail to give the figure how many actual investors attended the same and how many have started investing themselves after attending such programmes. They are busy with wiping out the IFAs insted of improving the qality of IFAs through whoom a lot of investors can be benefited as they are the people who can reach to the door of the investors.
May GOD give our leaders and regulators , the wisdome and sense to work for the betterment of the common people.
Regards
Keshav B Bhat

REPLY

Roopsingh Solanki

In Reply to Keshav B Bhat 7 years ago

I agree to you 100% that we indians take undue pride of our diversified culture and unity in diversity is all BAKWAS-actually we are a stagnant culture grasped by reservations which are thousand years old(like casteism and religionism and language difference)-but above all this lies GREED for individuality-our all thoughts surround around our FAMILY welfare(which has been inherited by us from family drama of MAHABHARATA and RAMAYANA-our none of EPIC highlights works of social workers who worked for welfare of whole of society-we expelled teachings of MAHATMA BUDDHA who taught for equality in society-his teachings could have created unification in india just like china or japan or korea-but our BRAHMINISM expelled all BUDDHIST thoughts and established Casteism with utmost power-even it asked indinas not to go abroad because it could brainwash our minds-remember history-INDIA was never defeated during influence of BUDDHIST ERA like CHANAKYA and CHANDRAGUPTA defetaed even Alexander great and his successor-but when Buddhism was expelled-india imediatly fell in hands of Muslim invaders and since then it has been crushed by various foreign forces-and getting more and more diversified and weak-we must thank Britishers that they gave us a united india which we never could have done-but friends-if we really want india to be strong-we will have to change ourselves from our roots and rethink over our present society model-then only we can eliminate corruption and can create a harmonious society with equal chances based on qualification and ability-

shankar

7 years ago

The regulator needs a hearing aid.

Even Mahatma Gandhi was against ID cards

About a century ago, Gandhiji started the world famous 'Satyagraha' in order to oppose the identification scheme of the government in South Africa. Hundred years later, India is repeating a similar programme under the pretext of unique ID numbers

As the old saying goes, 'Those who forget history are condemned to repeat it'. It seems that both the Unique Identification Authority of India (UIDAI) and ultimately the Indian government have overlooked history and even the Mahatma's views while going ahead with the ambitious and expensive unique identification number (UIDN) programme.

Mahatma Gandhi or the erstwhile Mohandas Karamchand Gandhi had started his historic 'Satyagraha' in South Africa by opposing the identification programme in that country.

On 22 August 1906, the South African government published a draft Asiatic Law Amendment Ordinance. The Ordinance required all Indians in the Transvaal region of South Africa, eight years and above, to report to the Registrar of Asiatics and obtain, upon the submission of a complete set of fingerprints, a certificate which would then have to be produced upon demand.

The move proposed stiff penalties, including deportation, for Indians who failed to comply with the terms of the Ordinance.

Since the late nineteenth century, fingerprint identification methods have been used by police agencies around the world to identify suspected criminals as well as the victims of crime. Knowing the impact of the Ordinance and effective criminalisation of the entire community, Gandhi then decided to challenge it. Calling the Ordinance a 'Black Act' he mobilised around 3,000 Indians in Johannesburg who took an oath not to submit to a degrading and discriminatory piece of legislation. This was the first time the world witnessed 'Satyagraha' or a non-resistance movement that later become a phenomenon in India's freedom struggle.

(Watch the video on YouTube: http://www.youtube.com/watch?v=SNmJqRV7LOA).

Cut to 2010, when the Indian government has launched an identification programme, without even passing a Bill for the same. Even the draft National Identification Authority of India (NIAI) Bill approved by the Cabinet is not without some serious issues. Most notably the UIDN would not be issued only to Indian citizens; instead, it would be issued to all residents. In other words, the bill may aid illegal migrants from neighbouring countries to become citizens.

This will help legitimise illegal immigrants. Already corrupt 'babus' happily provide any document from a ration card (public distribution card) to electricity and telephone bills to these illegal immigrants.

Also registrars like insurance companies and banks, would feed their data into the UIDAI database and so on. There are even some media reports which say that online service provider eBay is interested in collaborating with the UIDAI. If these reports are true, then the day is not far off when ordinary citizens will be bombarded with targeted marketing campaigns. The bigger threat is caste- and religion-based profiling.

Some state governments have announced that they plan to add their own parameters to the UIDN. The Orissa government has decided to include at least a dozen-odd specifications to the UID number, like ration card number, BPL/APL number (below poverty line/above poverty line), NREGS data (National Rural Employment Guarantee Scheme), driving license number, PAN number, photo I-card number, passport number, Kissan and credit card number, LPG consumer number, Rashtriya Swasthya Bima Yojana number (National Health Insurance Scheme), pension ID number and passbook number. This takes the UID dangerously beyond its stated scope.

This would leave the UIDAI database vulnerable to modification, alterations and so on. The huge cost of the UIDAI project, categorisation of people and particularly identity theft are some of the big issues. Even in the NREGA programme, the problem is not about issuing an identity for daily workers. It is the attendance at the end of the day marked by the supervisor that provides the workers their wages. Similarly, in PDS shops, it is not the problem of identification of the end-user. Most leakages in the PDS do not take place at the last mile as hypothesised by UIDAI; instead, it is the big corrupt babus and middlemen who are involved in siphoning grains before they reach the ration shop itself.

All the examples mentioned above are just the tip of the iceberg - the non-sustainability of UIDN, but neither the Union government nor the highly qualified techies at UIDAI have time to take cognisance of these issues. Therefore, the old adage is correct in saying that if we forget history we are doomed to repeat it. Does this also mean that we need to go for another Satyagraha in order to save us, common citizens, from the identification ordeal?

User

COMMENTS

joemike

7 years ago

If anyone disagrees with UID than I would request those to give up their passport as it is also a identity document.

REPLY

RNandakumar

In Reply to joemike 7 years ago

Please do not miss the main point ofthis article as well as views. The objection raised for UID becoming another electoral id card. UID is lofted ideal was to identify each every INDIAN CITIZEN and NOT the refugees and illegal migrants who using our corrupt beaurocracy could get it. The objection is based on the fact that future govt goodies are going to doled out on the basis of these cards and every tax payer would be footing the bill.
It is an open secret India that each and every welfare scheme benefits the targeted mass only by 10% at the most and the rest goes to the ruling elites.That is why these cloloumns insist on accountability of the netas before and after election.

RNandakumar

7 years ago

Those who read the factual summary called Freedom at Midnight would not agree with your accolades on Mahatma. But credit does go to him in atleast unifying India as a single country from the monarchy of kings. But the suffering masses of to-day would be asking the question what difference. Kings have become netas and democracy is becoming a mobocracy. Aadhar should first start with our MPS where they have to provide details of his wealth and his family including the ones in Swiss banks. Unless corruption is weeded out Aadhar will only enrich our Netas with more wealth and more power.

REPLY

Shadi Katyal

In Reply to RNandakumar 7 years ago

It is unfortunate that we have been so brain washed with Gandhi and his sacrifice to get partition of India bnot freedom but decapitation of India and you call it uniting the nation?
I would request all of you who wish to know real Gandhi to read Gandhi Churchill by Arthur Herman.
India was already united under Indian National congress hen Gandhi arrived and his first goal was to get Jinnah out and decapitate the nation while making fools of people that he was for unity.He was able to get Jinnah out and when defeated by Subhas Bose, he saw to it that congress committee does not work with him. History is there to read and learn but somehow we in India has only selective memories.
Regarding remarks about uniting India,what about division of India on linguistic basis which Gandhi accepted in 1927 to stay in power.Freedom at Midnight also has missed lot of Gandhi's misdeeds.
Except salt march did he take part in any so called Satyagrahas and where common man died. He was a very cunning and clever man.

Roopsingh

In Reply to Shadi Katyal 7 years ago

Partition was demanded by Jinnah for seprate nation for muslims and for achiving his goal he gave orders of last level like killing of Hindus in muslim majority areas-what is wrong if Gandhiji opposed Jinnah-gandhiji has done fast unto death in KOLKATA to stop massacre of both communities-has any indian leader gone to fast unto death for stopping these riots-discrediting Gandhiji by people like you is not going to make any harm to you-becasue we are in just a half decade away from reality-and people like you try to divert realities and bend them to untruth-and i personally feel gandhiji has done good for Hindus by accepting partition -beacsue it has allowed Hindus to be in power who were crushed by Muslim rulers in past history-and Muslims are reaping fruits of seprate nation in form of pakistan in their own way which the world calls as a failed nation-
i admire gandhiji for whatever he has done and anything spelt against him shows just reservedness of the person who is trying to call himalayas as a tiny hill-

Ashok Sharma

7 years ago

Based on my own experience of living a life like a keen observer, for over 30 years now i have acquired a fairly good understanding of How our Systems workand why the systems are so finely and cleverly corrupted, I hold a firm opinion that UID project shall be proven as one of the Biggest SCAM that any Government may seathly push forward to achieve its undefined ulterior and grey motives !

The most effective and most unchallenged form of control of the masses is when the population can not see through the hidden game. Now when people do not have a clue of what any whjy all this, then who is going to rebel about not being free
When they think they are !! To perfect thier corrupt Seats of Deception UID is being attempted to create an illusionthat people have free choice and this is the Biggest Catch here ! Once people Realise they really have no choice in the force and Agenda promoted under a banner of better Governance of our 80% happless poor society, the curtain shall close to enact sebsequebnt acts of the Drama pre conceived and already scripted..

The real objective of this scam project named Aadhaar UID is to exert a better control syswtem which So called largest Democracy has since long been perfecting to maintain its pre-eminemce under the facade of free choice better governance !
Ashok

Vishnu

7 years ago

Reason for historical Africa id was on racial ground and was sure against Hindusthanis. Current UID is similar to social security number. As a proud Hindusthani I will be happy if such criticizing topics are not floated to attract attention of those majority of citizens who go with the mob. Study the reason why this move has started and share with all.

MD

7 years ago

Let's stop criticizing anything and everything happening in this country. Just by providing UID to all residents, everyone will not become citizens. US gives Social Security numbers to all resident workers (L1,H1 visa included), that doesn't make everyone citizen of that country

REPLY

shadi katyal

In Reply to MD 7 years ago

Why are we afraid to tell the TRUTH. Did you read the corruption for CGW? Do you wish the corruption to become of the biggest industry by not criticising.
A nation which is afraid to see the truth cannot progress. We need accountability.
Yes USA has very stringent Laws and nation is run on those LAWS but do we have any???
We dont beleive in it as taught by Gandhi and thus Bundhs,strikes,Nakabundi is the norm of life.
Progress can be made with open disussion by learning from each other and not facing the truth

Gajanan Mamidwar

7 years ago

Preventing theft of data will be the biggest target.Personal data accessible to anybody will open a can of worms.

Bibek Kumar Anand

7 years ago

Can't the money which is being misused in UIDIA be used in promoting mutual trust ?

Think in SAMPADAITE fashion !

SAMPATTIST attitude will make the world a suspecting place !

Suspicion is simply making this world a horrible place !

Bibek Kumar Anand
Convener "SAMPADA"

liju philip

7 years ago

looks like moneylife is on a personal crusade against the UID. Using Gandhi's name to opposing the UID is a new low. We are reaping the crappy fruits of what we did by following Gandhi's swadeshi economic policies.

Let the man lie in peace.

Shadi Katyal

7 years ago

One wonders why we even write such innate articles.Gandhi ID card reasons were not as of today's climate.
Beside he did make fool of the people and we still continue to remember it. Read his real trick about this and how he signed and got out pf jail and how a Pathan beat him to almost death.
There is a lot which our leaders are not willing us to know about the man whoes hand are full o9f blood of millions and is the true Father of Pakistan Nation. He landed in India not for independence but to .decapitate India.
Secondly this notion that he got us freedom is another mistake. British did not leave because of him but because of their own bankruptcy.
His Quit India movement was failure as 2-3 million Indians joined the armed forces and industry earned more than 3-5 Billion pounds.
British owed India 2 billion Pounds at end of war and the real cause of her departure and not Gandhi's satyagraha movement in which he never took part and let others dies or go to jail.

REPLY

Roopsingh

In Reply to Shadi Katyal 7 years ago

Looks like you being a ISI trained man who specialises in disinformation agenda-and telling white day lies-and creating a dark in broad day light-you really deserve NISAN E PAkisstan award

shadi katyal

In Reply to Roopsingh 7 years ago

Mr. singh, your writing makes no sense. Is the denial of the facts so deeply buried that you fail to accept the facts of history. This is our biggest problem that we are so brain washed with lies that we start calling names.
No for your guidance I like the millions of families sacrificed for the nation.
It is best to learn and do some research for TRUTH

Roopsingh

7 years ago

UIDAI project is so much centralised that any alteration by hackers or officers in control can make bigger harm then present model-after all we indians are highest corrupt people -so no doubt few people will use it as MINT for printing money by altering data because they will have centralised control-which is not possible in prsent model of states involved in issuing ration card or election card-this is biggest threat seems to me of this expensive project-and people sitting in power will black mail after access to this entire data-this is a threat to privacy of every citizen and MASS CRIMINALiSATION TREATMENT for every honest citizen and undue harrassment-

B V KRISHNAN

7 years ago

I like your frank and fearless approach to issues. But I fail to understand why you are opposing UDAI. The only problem with this, as I can see, is that it is going to be issued to all people without verifying whether they are legal citizens of the country. Please focus on this problem and try to get it rectified. But instead of that, you are targeting this programme by citing Mahatma Gandhi. This is absurd.

REPLY

Sanjay Karanth

In Reply to B V KRISHNAN 7 years ago

Well said, Mr. Krishnan. Let's have a balanced analysis of Aadhaar, its pros and cons. And lets not bring Mahatma Gandhi into this!

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