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Blog Entry# 2200951
Posted: Mar 17 2017 (19:07)
3 Responses
Last Response: Mar 19 2017 (10:20)
3 Responses
Last Response: Mar 19 2017 (10:20)
IR Affairs
NFR/Northeast Frontier
guest 944 news posts
NEW DELHI, March 16 - Cutting across political affiliations, the MPs belonging to the North East have demanded development of the rail infrastructure in the region...
read more... NE MPs demand rail infra development
NE Rly projects are mostly with extremely low financial rate of returns (many are negative) are already fast tracked, and atleast 10% of fund is being spent on NE states since decades. Most of the loss making projects are getting annual allocation in several hundreds of crores of Rs where as large number of highly profitable projects in rest of India are getting meagre allocations. Allocating a bigger chunk will put IR on the quick path of financial bankruptcy. This is because, once these projects gets commissioned they will start inflicting operational losses and IR shall be forced to take more and more loans from market at high interests to pay for these losses in addition to repayment of loans taken to implement the projects.
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