Why a
Begging Bowl ?
A news report in MINT ( 08 May 2017 ) reads :
“ Roads ministry in talks with Japanese
fund for Rs 2 trillion loan “
The
ministry of road transport and highways is in talks with a Japan-based fund for
a Rs 2-trillion loan at low
interest rates.
A
cabinet note will be moved shortly for the same as part of a strategy to generate funds for
India’s new integrated infrastructure planning initiative.
India
has been trying to leverage its relationship with Japan to access technology
and funds. Japan has pledged investments of around $33 billion between 2014 and 2019 in India’s manufacturing and
infrastructure sectors.
“ Fund requirements is not an
issue.
There
is a fund from Japan which wants to offer this loan at around 5% rate of interest.
We
will prepare a cabinet note for the same,” said a senior government functionary
requesting anonymity.
He
declined to name the Japanese fund. Mint could not ascertain the fund’s name.
Why is Road Ministry ( ie : NDA
government ) shying away from raising such funds for Infrastructure Projects at
4 % interest ?
And locally ? And super-fast
? And without worrying about repayment ?
Just as tiny Indonesia did , a few months back
By offering an AMNESTY SCHEME to Indonesian Citizens to declare their BLACK MONEY
Just pay 4
% tax and NO PENALTY / NO
LITIGATION / NO QUESTIONS ( re
source of funds )
Within 4 months , Indonesians declared ( illegal funds
stashed abroad or domestically ), $
300 BILLION
No wonder , Indonesia does NOT
need any FDI for the next 10 years !
Compare this with our Road Ministry’s requirement of
just $ 31 Billion [
Rs 2 Trillion ] !
For the “ Strategy
“ which would liberate us from our dependence on FOREIGN
FUNDING ( - and a begging bowl ) , read :
09 May 2017
With Regards,
hemen
parekh
(
M ) +91 - 98,67,55,08,08
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