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Is Bullet Train a major Modi blunder?

Discussion in 'The Big Adda' started by Guynextdoor, Sep 14, 2017.

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Is Bullet Train Strategic Blunder?

  1. Yes

    8 vote(s)
    14.0%
  2. No

    49 vote(s)
    86.0%
  1. Blackjay

    Blackjay Developers Guild IDF NewBie

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    It's a lot worse than we see on TV especially during office hours.I never thought so many people could fit in such a confined area.Watching it first time is like a revelation.My chacha who lives in Mumbai remarked that once you have watched Mumbai local you can safely retire because now you have seen everything.

    OT=Offtopic
    :biggthumpup:
     
  2. Flyboy!

    Flyboy! Lieutenant FULL MEMBER

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    I think I did not reason correctly. Countries that use the bullet train share the same infrastructure with conventional wide gauge tracks. If you are building an elevated rail system only for bullet trains, maglev may have been a better investment in the long run.
     
  3. Wolfpack

    Wolfpack Captain FULL MEMBER

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    We sent satellites into space when UK was doing poverty porn on India asking why does India need a satellite or a space program, Now UK comes running to our country for Business.
    Likewise, you would have never got rid of Polio if you wanted to go gradually improving healthcare. Maglevs might be a better investment,but who is going to finance it? I don't see any country giving loan of 88,000 crores with 0.1 interest payable over 50 years with a grace period of 15 years., if any country would come up with such offer we could consider maglev over Bullet train. Until then we take what is being offered virtually free.
     
    Last edited: Sep 22, 2017
  4. randomradio

    randomradio Colonel REGISTERED

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    All these projects are considered in the long run. Both Maglevs and Hyperloops are undergoing some study or the other in India right now.

    http://www.livemint.com/Politics/es...ays-moves-ahead-on-Maglev-trains-project.html

    http://timesofindia.indiatimes.com/...avati-and-vijayawada/articleshow/60395340.cms
     
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  5. PeegooFeng41

    PeegooFeng41 2nd Lieutant FULL MEMBER

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    There is only one problem in thinking like this. If you take loan on LIBOR + X -- which is what most bank loans are these days -- you may end up paying higher rate of interests in future. It is hard for a creditor to give you a long term loan of 25 years or more at the current LIBOR rate. Which is why fixed rate loans are given out at a much higher rate of interests than variable one. If Japan gives you a loan at 0.1 % for the entire period of loan, it is indeed a soft loan.

    BTW, in 1986 the 12 month loan rate was 4% minimum on JPY.
    http://www.global-rates.com/interest-rates/libor/japanese-yen/1986.aspx

    In 2007 it was at minimum 0.6% and max 1.2 %
    http://www.global-rates.com/interest-rates/libor/japanese-yen/2007.aspx
     
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  6. PeegooFeng41

    PeegooFeng41 2nd Lieutant FULL MEMBER

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    On Topic.

    Leaving aside software, in most of the 'real world' it is almost always great to have more than one way for solving a problem. Here the problem being moving people from one city to another. It gives competition and motivation to improve. Right now the only way to move from Ahemadabad to Mumbai in less than 6-7 hours is a flight. If you introduce a new means of travel, you will put pressure on airlines to become more efficient. You will also take some load off the dynamic fare of the airlines. Cheap air tickets are always welcome.

    It also pushes airlines to indirectly push airport authorities for more efficiency and comfort. Right now all the competiton among airlines is around who can offer cheapest air tickets because rest everything is same for all the airlines and especially the pre-flight experience. With a new kid on the block, they will collectively press airport authorities for better services.

    Also, it allows you to hedge against wild fluctuation in air-fuel prices. Price of electricity in India is much less volatile than international petroleum prices. So, you allow people in India to avoid higher prices for same service. If airfuel prices go up, more people will flock to bullet trains and vice-versa. This means if you are having huge hike in petroleum prices, you will be able to put a dampener on your rising CAD. Makes your country more robust against market volatility. Its a side effect of having more than one independent means of travel.

    Sooooooo ...... Bullet Trains are not bad.
     
  7. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    Currently the libor loan rate on yen offered by boj is - I negative rates
     
  8. Wolfpack

    Wolfpack Captain FULL MEMBER

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    Your libor rates already got busted and posted in this forum. Trying to flog a dead horse will do no wonders. We are Hindus as you call us nowadays.but we are DHARMA, Righteousness in the whole world.We are never dead and are born again and again .
    O scion of the Bharata dynasty, whenever there is a decline in Dharma and increase of adharma, then do I manifest Myself.
    For the protection of the pious, the destruction of the evil-doers, and establishing virtue, I manifest Myself in every age.

    That was a Promise given to us by our Lord Shree Krishna. Since then we are called Sanatana Dharma(Eternal Religion) of Universe.
     
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  9. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    [​IMG]Janta Ka Reporter 2.0



    Home India Delhi

    Old video of Modi emerges, ‘India needs bullet trains for mere display, whether anyone travels or not’
    By
    JKR Staff
    -
    September 22, 2017
    0

    >
    Prime Minister Narendra Modi, along with his Japanese counterpart, Shinzō Abe, laid the foundation stone for the high-speed bullet train line between Ahmedabad and Mumbai, on 14th September during a visit by the Japanese PM in the western state of Gujarat. After the launch, the Indian PM proudly announced, “This is the new India and the flight of its dreams is endless. The bullet train project will bring speed and employment. It is human-friendly and eco-friendly.”

    [​IMG]

    Janta Ka Reporter has come across an old video of Narendra Modi, prior to his becoming the PM of India. In his speech, Modi is seen speaking about how India should do things larger than life, purely for ‘show’. The speech was in reference to how ‘bullet trains’ will purely portray India in grander light. He is seen in the video quoting,

    Also Read: Apple Unveils Brand New iPhone 6s and 6s plus

    “Even China shows only Shanghai to the world, do they ever show the entire county?” Towards the end of the video, he is also heard saying, that we need to do certain things purely for ‘display’, whether anyone travels by the bullet train or not is secondary.

    Also Read: Police go into tizzy as wireless flashes CM fleet car missing

    As part of agreement between Japan and India, the Japanese govt will be funding India with a soft loan of Rs 88,000 crore at an interest rate of 0.1% with a repayment period of 50 years and the process of repayment will commence, 15 years after receiving it..

    There seems to be mixed response to the prestigious Ahmedabad-Mumbai bullet train project. The main question that hovers around this technology is whether this is an economically viable project given the cost is over Rs 1 lakh crore?

    Also Read: Rioting incidents rise by 30%, rape cases double under Yogi Adityanath
    The 508-km Mumbai-Ahmedabad High Speed Rail Project is the PM’s pet project and the cabinet has swiftly cleared the $14.7bn (Rs 105,000 crore) to build the 650km-long train network.

    While the video prior to becoming the PM of India narrates a different story for bullet trains, Narendra Modi during the launch in 2017 said,

    “This enterprise will launch a revolution in Indian Railways and speed up India’s journey into the future. It will become an engine of economic transformation in India.”

    This enterprise will launch a revolution in Indian Railways and speed up India’s journey into the future. It will become an engine of economic transformation in India.”
     
  10. Scotlander

    Scotlander Lieutenant FULL MEMBER

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    Kejriwal Ka Reporter: :biggthumpup:

     
  11. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    What modi said in the video can't be made up
     
  12. Scotlander

    Scotlander Lieutenant FULL MEMBER

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    Post the Complete Video, not some edited one from Kejriwal ka reporter.
     
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  13. A_poster

    A_poster Captain FULL MEMBER

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    Lying like a flaming AAPtard you are.

    Only Yen loan upto 3 month have negative interest rate.Anything longer than that has positive interest rate.Yen 1 year Libor rate is 0.10757%. LIBOR rates for more than 1 year are not provided as longer time period loans ,even to Banks, are not given on LIBOR rates.

    http://www.global-rates.com/interest-rates/libor/japanese-yen/japanese-yen.aspx

    On top of it, LIBOR is an interbank rate. It is like Repo/Reverse Repo of India. Commercial loans are not provided LIBOR rate even to your own citizens. In Japan, commercial borrowing rate is 1.5%. https://www.cia.gov/library/publications/the-world-factbook/fields/2208.html

    Interest rate also depend on credit worthiness of borrower, & risks associated with the project. A project like Bullet Train ,in open market, would command interst rate of 15%+.

    @vstol jockey Didn't this man claimed to be in Banking?
     
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  14. Notsuperstitious

    Notsuperstitious 2nd Lieutant FULL MEMBER

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    Thank you for busting that obviously malicious claim.

    If that dude is in banking, I am going to start usimg my mattress to keep mah money!
     
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  15. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    Not able to post the link from mobile
     

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