eCharcha.Com   Support eCharcha.Com. Click on sponsor ad to shop online!

Advertise Here

Go Back   eCharcha.Com > Current Affairs > Economy

Notices

Economy Fiscally fit?

Reply
 
Thread Tools Display Modes
  #16  
Old September 29th, 2016, 11:02 AM
Aashika Aashika is offline
Senior eCharchan
 
Join Date: May 2014
Posts: 1,887
Aashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Sane Less View Post
It is mostly distance. If you look at a map, the direct distance between Bombay to A'bad is about a tenth of the distance you would normally take by land. This saves both distance and time.
oh cool! Then it makes sense. Now, if only we didnt have to borrow 80%
Reply With Quote
  #17  
Old September 30th, 2016, 08:33 AM
kkkk kkkk is offline
Senior eCharchan
 
Join Date: Sep 2008
Posts: 5,261
kkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Aashika View Post
oh cool! Then it makes sense. Now, if only we didnt have to borrow 80%
methinks - it should only be done on borrowed money. that's how you would build infrastructure even if you cant afford it outright.
__________________
Winner of the Signature Contest 2013!
Reply With Quote
  #18  
Old September 30th, 2016, 09:18 AM
Aashika Aashika is offline
Senior eCharchan
 
Join Date: May 2014
Posts: 1,887
Aashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by kkkk View Post
methinks - it should only be done on borrowed money. that's how you would build infrastructure even if you cant afford it outright.
It was a thought that focused more on if we really cannot afford it.

I for one always believed that if you can, pay for it. Dont do credit.
Reply With Quote
  #19  
Old September 30th, 2016, 09:57 AM
Sane Less's Avatar
Sane Less Sane Less is offline
Dead On Arrival is back
 
Join Date: Jun 2005
Posts: 17,110
Sane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Aashika View Post
It was a thought that focused more on if we really cannot afford it.

I for one always believed that if you can, pay for it. Dont do credit.
If businesses run that way then... we wouldn't be where we are today. Especially America. I am surprised that you being from the financial background would have such beliefs. Individual, yeah fine. But for a country... maybe not work out.
__________________
-----------------------------------------------

"Kisi ne sahi kaha zindagi kutti cheez hai. You live life without a care in the world not realizing that life is building a heavy load of trash that it dumps on you one fine day, breaking your back." - saneless
Reply With Quote
  #20  
Old September 30th, 2016, 10:00 AM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 7,490
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Aashika View Post
Why does it need to go under water? cant they build on land? Its not like Mumbai and Ahmedabad are separated by Atlantic (example) where you have no option but to go under/over/above water? pardon my ignorance.
Welcome back Ashiji.
Where did you find that would going under water (unless someone metaphorically meant that project is under water.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #21  
Old September 30th, 2016, 10:24 AM
Aashika Aashika is offline
Senior eCharchan
 
Join Date: May 2014
Posts: 1,887
Aashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Sane Less View Post
If businesses run that way then... we wouldn't be where we are today. Especially America. I am surprised that you being from the financial background would have such beliefs. Individual, yeah fine. But for a country... maybe not work out.
See, this is where I see a lot of companies/ governments get into trouble. They take really long term loans with every intent of paying back. See United States for example. How much debt does that country has? At least its thriving on its popularity (which may change after election). But for India? Its not just this debt right Sane? How much debt is OK for it to get into? What happens when things change? Bankrupt a country?

I am not against borrowing mind you. I am against the concept of borrowing for this kinds of sum at that percentage for that long.
Reply With Quote
  #22  
Old September 30th, 2016, 10:25 AM
Aashika Aashika is offline
Senior eCharchan
 
Join Date: May 2014
Posts: 1,887
Aashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond reputeAashika has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by sgars View Post
Welcome back Ashiji.
Where did you find that would going under water (unless someone metaphorically meant that project is under water.
fist post, first line
Reply With Quote
  #23  
Old September 30th, 2016, 10:33 AM
Sane Less's Avatar
Sane Less Sane Less is offline
Dead On Arrival is back
 
Join Date: Jun 2005
Posts: 17,110
Sane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond reputeSane Less has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Aashika View Post
See, this is where I see a lot of companies/ governments get into trouble. They take really long term loans with every intent of paying back. See United States for example. How much debt does that country has? At least its thriving on its popularity (which may change after election). But for India? Its not just this debt right Sane? How much debt is OK for it to get into? What happens when things change? Bankrupt a country?

I am not against borrowing mind you. I am against the concept of borrowing for this kinds of sum at that percentage for that long.
Well, I am not from a financial background... and sometimes admire these businesses/countries that borrow with impunity... like there is no tomorrow... and then live lives of lavishness. Especially individuals who represent such businesses and countries. Even if they get caught... yes, they get jail time or sometimes get shot (depending on the country you represent)... but they have lived their lives royally and have provided royalty to most in their family. Saala, apun bhi aisa karega tho
__________________
-----------------------------------------------

"Kisi ne sahi kaha zindagi kutti cheez hai. You live life without a care in the world not realizing that life is building a heavy load of trash that it dumps on you one fine day, breaking your back." - saneless
Reply With Quote
  #24  
Old September 30th, 2016, 10:58 AM
kkkk kkkk is offline
Senior eCharchan
 
Join Date: Sep 2008
Posts: 5,261
kkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Aashika View Post
See, this is where I see a lot of companies/ governments get into trouble. They take really long term loans with every intent of paying back. See United States for example. How much debt does that country has? At least its thriving on its popularity (which may change after election). But for India? Its not just this debt right Sane? How much debt is OK for it to get into? What happens when things change? Bankrupt a country?

I am not against borrowing mind you. I am against the concept of borrowing for this kinds of sum at that percentage for that long.
almost every country has debt. the perceived ability of that country to repay back dictates the interest rates they get on their loans. Greece for example now is seen as a country with less ability to re-pay hence they get loans at very high interest rate - in that situation they will not want to go for more loans.
there in comes deficit - they have committed spend and dont have money to pay for it and dont want to/cant get loan to honour that commitment. If you are from fin background, this is not new for you - so I dont know why am I spending time typing it!

so, debt within limits is ok. even at personal level, people sometimes deliberately go for debt - for example a sofa deal is about 0% interest on payments for 1 year, people move the money ear-marked for sofa to FD or some such investment and get the sofa on the debt. This is all small fry.
its the same concept whether the loan is large or small - as long as interest rates are decent.

sometimes its about the value of investment at the end of the loan - one gets a house on debt with as much as 90% loan even at interest rates as high as 10% - all because the value of the house at the end and the money they have saved not paying rent is more than the principal + interest of home loan.
__________________
Winner of the Signature Contest 2013!
Reply With Quote
  #25  
Old October 1st, 2016, 07:18 AM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 7,490
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Aashika View Post
fist post, first line
Now it comes up. It is 21 km out of 500 KM in Mumbai. It would probably be cheaper and definitely faster than acquiring land for the route within Mumbai. They could build it under Mumbai too, but it may be deep within to avoid crossing Sewer lines, etc.
Apparently thats what happened when digging for Calcutta Metro started.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #26  
Old October 1st, 2016, 07:37 AM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 7,490
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: Bullet Train

Quote:
Originally Posted by Aashika View Post
See, this is where I see a lot of companies/ governments get into trouble. They take really long term loans with every intent of paying back. See United States for example. How much debt does that country has? At least its thriving on its popularity (which may change after election). But for India? Its not just this debt right Sane? How much debt is OK for it to get into? What happens when things change? Bankrupt a country?

I am not against borrowing mind you. I am against the concept of borrowing for this kinds of sum at that percentage for that long.
Generally, a project needs to prove its viability strongly to get debt finance (to avoid this long process Dhirubhai started the Cult of IPO). But in this case, surely Japanese would have sought government guarantee. this project is also a bit political. Both Japan and India need to get together to rival China's large high speed rail networks. Generally such projects are highly loss making across the world and more meant to showcase technology. Here, Modi Sarkar seems to be banking on the 'India story'. At the time of loan, probably the budget (dont know bit say 20 Billion yen) would be a large amount. But at the end, it may not be large at all.

And here is how it works for Indian industrialists. They will start a project with another subsidiary company and lenders lend for it believing in the viability or in many cases simply the Seth ji pulling the strings (or bribing the top guys). In case the project works, the lenders get back the principal and interest and the profit is kept by the Seth ji. In case the project doesn't work out, the lenders lose their money, the company is bankrupted, but it is the subsidiary. The Seth ji is not affected. Only when too much is spent on loss making projects, it starts to bite like for Subroto Roy and Vijay Mallya (he actually sold his cash cow to finance the ariline and IPL). I have never seen any Sethji put his (or in very few cases her) own money into any business.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #27  
Old September 14th, 2017, 06:58 PM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 7,490
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: Bullet Train

The Narendra Modi government has set an ambitious deadline to complete the project on August 15, 2022 when India marks 75 years of Independence. The project will be executed through a special purpose vehicle, the National High Speed Rail Corporation Ltd.

“The bullet train project will take care of high speed, high growth and high-end technology,” Mr. Modi said, describing it as “a symbol of New India” that his government wants to build by 2022.

According to him, the bullet train project will be “humanity friendly” and “eco-friendly” and will usher in the next generation economic growth along the corridor between the two cities.

http://www.thehindu.com/news/nationa...le19681776.ece

Typically we would shrug off such deadlines based on what we usually see of public projects. But if Japs are involved, deadlines mean so. I remember seeing the second nizamuddin bridge in Delhi start construction in April 1997. I laughed at the signboard saying that the completion will be on march 98. And we were actually driving on it in the beginning of March 98. It was an indo japanese friendship project and main builder was obayashi corporation.
In the same time desis were building 2nd Ito bridge which was not even half complete.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #28  
Old September 14th, 2017, 09:29 PM
log1iszero log1iszero is offline
Banned
 
Join Date: Apr 2017
Posts: 786
log1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud of
Re: Bullet Train

The way I see it as,….

Modi likes modern, latests, adhyatan / aadhunik, computerized, fashionable and most current n’ latest and greatest technology,.. etc etc and which is good btw,..,… but smtms,.. why spending so much unnecessary money,
sometimes.. the ppl do not have any value of time, and have tons of free time all over everywhere,… road side gapata-sapata, WA and twitter junk reading and sending almost in Quintal,.. to stand around paan-gallah with yaar-dostaars for hours,…and at road sided hawker’s chai-galla / chat-laari and spending useless tons of hours and such,.. !! Now,..If these persons save time of 3-4 hours by a fast train or not, who cares,.. and what does it matter, or makes any difference after all,..?

Secondly,.. In certain areas if they start,… let say Ferry services, that could also be lot faster, cheaper and all such,…

For example, I was working at Bhavnagar port, and the minute our Tug passed the our lock-gate and go hardly 0.5-1.0 miles you can see Surat far on the other shore,… and so with Ghogha / Alang etc,…there,… but if you want to go Surat from Bhavnagar it may take 8-11+ hours at that time,.. via train or via ST,.. Actually it was only 0.5 hr ride by sea,.. if Ferry service, let say,… had started,.. Same applies to Mumbai from many other Gujarat’s port, if you see the Map.


Also, Japan have their system computerized,..... menas if two trains are accidentally coming on the same track,....... the computer automatically can stop both,... while we have marveled and excelled in man-made, unforced errors kind of accidents,.....


..

Last edited by log1iszero; September 14th, 2017 at 09:39 PM.
Reply With Quote
  #29  
Old September 17th, 2017, 12:17 PM
log1iszero log1iszero is offline
Banned
 
Join Date: Apr 2017
Posts: 786
log1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud oflog1iszero has much to be proud of
Re: Bullet Train

IMPORTANT NOTICE: No media files are hosted on these forums. By clicking the link below you agree to view content from an external website. We can not be held responsible for the suitability or legality of this material. If the video does not play, wait a minute or try again later.
I AGREE
Reply With Quote
  #30  
Old September 19th, 2017, 07:03 AM
ashdoc ashdoc is offline
senior echarchan
 
Join Date: Feb 2009
Posts: 7,988
ashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond reputeashdoc has a reputation beyond repute
Re: Bullet Train

Waste of money. At a time when so many trains are getting derailed, is there need for bullet train ? First government must handle problem of train derailment and consequent deaths .
__________________
-----
Reply With Quote
Reply

Bookmarks

Tags
bullet, goli express, golimaar, railgadi


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
PIL filed against 26/11 bullet proof jackets echarcha Defense 0 November 3rd, 2009 03:27 PM
Any Fans of Royal Enfield Bullet? gandesh SoapBox 29 September 29th, 2009 10:26 AM
Now, ISROs bullet-proof vests rameshp Defense 19 February 7th, 2009 02:05 PM
Bullet Cams Deployed In Iraq Parashuram Taaza Khabar - Current news 0 March 27th, 2003 06:39 PM
Being Hit by a Psycho's bullet - POLL Big-G SoapBox 20 October 11th, 2002 07:24 AM


All times are GMT -7. The time now is 04:19 PM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Site Copyright © eCharcha.Com 2000-2012.