December 17, 2015 No.2
https://www.facebook.com/mehtarahulc/posts/10153180803586922
Is bullet train loan's interest 0.1% or 5.4%? The loan is dollar denominated, and if you take rupee / dollar rate of past 50 years and extrapolate it, then interest comes to 5.4%, , much higher than 0.1%. IOW, NaMo , RSS-workers and NaMo-andbhagats are speaking WHITE LIES
.
Lets look at bullet train loans. It is yen denomincated, but lets say it was dollar denominated.i.e. Japan gives India Rs 100,000 crore in dollars and GoI has to pay back same amount plus 0.1% interest in DOLLARS
.
What would be rupee / dollar rate after 50 years? We dont know.
.
But lets say NaMo had taken loan of Rs 100 in DOLLARS 50 years back. And today, we have to pay that loan in DOLLARS with 0.1% interest. Dollar / rupee rate 50 years back was $1 = Rs 4.70 . Today, it is $1 = Rs 66 . So if we had taken Rs 100 in dollars, we would have obtained, 100 / 4.70 = $21.28 . And applying 0.1% interest for 50 years would make the amount = 21.28 *(1.001)^50 = $22.37 . And converting back in today's rupees gives us $22.27 * 66 = Rs 1404. So interest in rupee term will be
.
1404 = 100* (1 + R/100)^50
.
R = (14 ^ (1/50)) - 1 = 14^0.02 -1 = 5.4%
.
IOW, interest in rupee , if such was taken in DOLLARS would have been 5.4% and NOT 0.1% as NaMo, RSS-workers and NaMo-andbhagats tell us.
.
Now the loan is in yen. And Yen may appreciate , and it may not, But if yen appreciates, then interest rate will be far far higher than 0.1%
.
It is really sickening to see PM throwing such white lies. And more sickeing to see so called nationalists such as BJP-workers, RSS-workers, BST-workers, NaMo-andhbhagats etc also spreading white lies , that "interest rate is just 0.1%" !!!
https://www.facebook.com/mehtarahulc/posts/10153180803586922
Is bullet train loan's interest 0.1% or 5.4%? The loan is dollar denominated, and if you take rupee / dollar rate of past 50 years and extrapolate it, then interest comes to 5.4%, , much higher than 0.1%. IOW, NaMo , RSS-workers and NaMo-andbhagats are speaking WHITE LIES
.
Lets look at bullet train loans. It is yen denomincated, but lets say it was dollar denominated.i.e. Japan gives India Rs 100,000 crore in dollars and GoI has to pay back same amount plus 0.1% interest in DOLLARS
.
What would be rupee / dollar rate after 50 years? We dont know.
.
But lets say NaMo had taken loan of Rs 100 in DOLLARS 50 years back. And today, we have to pay that loan in DOLLARS with 0.1% interest. Dollar / rupee rate 50 years back was $1 = Rs 4.70 . Today, it is $1 = Rs 66 . So if we had taken Rs 100 in dollars, we would have obtained, 100 / 4.70 = $21.28 . And applying 0.1% interest for 50 years would make the amount = 21.28 *(1.001)^50 = $22.37 . And converting back in today's rupees gives us $22.27 * 66 = Rs 1404. So interest in rupee term will be
.
1404 = 100* (1 + R/100)^50
.
R = (14 ^ (1/50)) - 1 = 14^0.02 -1 = 5.4%
.
IOW, interest in rupee , if such was taken in DOLLARS would have been 5.4% and NOT 0.1% as NaMo, RSS-workers and NaMo-andbhagats tell us.
.
Now the loan is in yen. And Yen may appreciate , and it may not, But if yen appreciates, then interest rate will be far far higher than 0.1%
.
It is really sickening to see PM throwing such white lies. And more sickeing to see so called nationalists such as BJP-workers, RSS-workers, BST-workers, NaMo-andhbhagats etc also spreading white lies , that "interest rate is just 0.1%" !!!
No comments:
Post a Comment