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Blog Entry# 2473621
Posted: Sep 29 2017 (15:36)
2 Responses
Last Response: Sep 29 2017 (15:42)
2 Responses
Last Response: Sep 29 2017 (15:42)
Commentary/Human Interest
12723_AP_12724^~ 6097 news posts
Mumbai: Prime Minister Narendra Modi highlighted the fact that Japan had offered India a 50-year loan at just 0.1% interest to fund the Ahmedabad-Mumbai bullet train...
Japanese loans is undoubtedly the cheapest- 0.1% rate of interest, 15 year moratorium in payback and payback period of 50 years. But there are some catches:
(1) It has to be paid in Japanese currency Yen. If Japanese currency appreciated w.r.t. Indian Rupee it will be a loss to India, and conversely if it depreciates, then the rate of interest may be negative in terms of rupees. The annual interest burden for 88000 crore loan shall be only 88 crore Rs if Y-Re conversion remain same.
(2) About 30% of the procurements have...
more...
(1) It has to be paid in Japanese currency Yen. If Japanese currency appreciated w.r.t. Indian Rupee it will be a loss to India, and conversely if it depreciates, then the rate of interest may be negative in terms of rupees. The annual interest burden for 88000 crore loan shall be only 88 crore Rs if Y-Re conversion remain same.
(2) About 30% of the procurements have...
more...
1 Public Posts - Fri Sep 29, 2017