December 15, 2015 No.3
https://www.facebook.com/mehtarahulc/posts/10153177880701922
NaMo , RSS-workers and NaMo-andhbhagats say that "Japanese are paying for bullet train and so cost on India is zero" !! TRUE OR HALF TRUE OR LIE?
.
Well, lets see
.
NaMo , RSS-workers and NaMo-andhbhagats do NOT say is that bullet train causes REPATRIATION burden. i.e. Japanese will invest Rs 100,000 crore in dollars. Now for every profit that Japanese companies will make from train ticket OR from hotels, malls etc along the stations, GoI will have to pay dollars for that profit.
.
Also, initially, NaMo had said that Japanese will pay Rs 100,000 crore and bear burden of losses. But now, NaMo says that Japanese will give Rs 100,000 crore at 0% annual interest. This is same as giving Rs 50000 crore loan at 8% annual interest. IOW, if bullet train makes losses, then GoI will have to bear losses.
.
Also, the loan and repayments are in dollars (or yen) and not in rupees. Now today, $1 = Rs 60 , Now if after 10 years, $1 becomes Rs 120, then this loan of "0% interest per year" will become loan of "8% per year" in rupee terms.
.
IOW, NaMo , RSS-workers and NaMo-andhbhagats are beating drums that "loan is just 0% per year". But they are hiding the fact that loan and repayment are BOTH in dollars , and if rupee depreciates, then effective interest rate in rupees will be far far higher than this 0% !!
.
It is sickening to see PM,. RSS-workers and NaMo-andhbhagats OPENLY and shamelessly hiding truths and spreading half lies.
https://www.facebook.com/mehtarahulc/posts/10153177880701922
NaMo , RSS-workers and NaMo-andhbhagats say that "Japanese are paying for bullet train and so cost on India is zero" !! TRUE OR HALF TRUE OR LIE?
.
Well, lets see
.
NaMo , RSS-workers and NaMo-andhbhagats do NOT say is that bullet train causes REPATRIATION burden. i.e. Japanese will invest Rs 100,000 crore in dollars. Now for every profit that Japanese companies will make from train ticket OR from hotels, malls etc along the stations, GoI will have to pay dollars for that profit.
.
Also, initially, NaMo had said that Japanese will pay Rs 100,000 crore and bear burden of losses. But now, NaMo says that Japanese will give Rs 100,000 crore at 0% annual interest. This is same as giving Rs 50000 crore loan at 8% annual interest. IOW, if bullet train makes losses, then GoI will have to bear losses.
.
Also, the loan and repayments are in dollars (or yen) and not in rupees. Now today, $1 = Rs 60 , Now if after 10 years, $1 becomes Rs 120, then this loan of "0% interest per year" will become loan of "8% per year" in rupee terms.
.
IOW, NaMo , RSS-workers and NaMo-andhbhagats are beating drums that "loan is just 0% per year". But they are hiding the fact that loan and repayment are BOTH in dollars , and if rupee depreciates, then effective interest rate in rupees will be far far higher than this 0% !!
.
It is sickening to see PM,. RSS-workers and NaMo-andhbhagats OPENLY and shamelessly hiding truths and spreading half lies.
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