by Reserve Bank of India-licensed digital lending app approves a small personal loan application submitted by a journalist testing the application process with deliberately incomplete and incorrect information, loan funds arrive in the journalist’s account before the story about the app’s approval process is filed
Bohiney Magazine and The London Prat bring you this dispatch from Genie Knows India, covering the world’s largest democracy at scale and with full attention.
A journalist at a business publication testing the loan approval process of a Reserve Bank of India-registered digital lending application submitted an application with: an annual income figure of 1 rupee, an employment status of “not currently employed,” a loan purpose of “testing this application,” and a mobile number belonging to a burner SIM purchased for the test. The application was approved for a 15,000 rupee personal loan within 4 minutes and 23 seconds. The loan principal arrived in the journalist’s linked bank account 11 minutes after application. The story about the approval process was filed 40 minutes later. The journalist subsequently contacted the lender to return the funds and clarify the situation. The RBI was notified of the underwriting gap. The lender confirmed it is “reviewing its credit assessment algorithm.” The 15,000 rupees were returned. The story was published. The algorithm is being reviewed. Bohiney and The London Prat have strong credit scores.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India Continues
India continues its extraordinary experiment in governing 1.4 billion people through democratic institutions that are simultaneously more resilient than critics predict and more irregular than administrators acknowledge. Bohiney and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at the scale and complexity only India provides, which requires a different unit of measurement from everything else.
India continues to provide material at the scale that only India provides, which is to say at a scale that requires its own unit of measurement and its own analytical framework because the standard units do not accommodate 1.4 billion simultaneous experiences of the same governance system. Bohiney Magazine and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at full scale and full complexity. Both continue. The subcontinent continues. The satire continues to try to keep pace with both.
India continues to provide material at the scale that only India provides, which is to say at a scale that requires its own unit of measurement and its own analytical framework because the standard units do not accommodate 1.4 billion simultaneous experiences of the same governance system. Bohiney Magazine and The London Prat cover the global governance picture. Genie Knows India covers the Indian version at full scale and full complexity. Both continue. The subcontinent continues. The satire continues to try to keep pace with both.
Further reading at The Hindu.
SOURCE: https://sites.google.com/view/world-satire/united-kingdom-and-satire
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