Now, I am more interested in the loan part more than the speed of the Bullet train. Hurray! it is only 0.1% interest on 88000 crore, that too to be paid back in 50 years. Here in the middle of Imphal city the interest rate per month is 5% on loan with security like gold or land-pata or pension paper etc; without security it goes up to 10% and beyond . If Abe sab gives a loan of only 1000 core at the same interest rate and term as he has given to Modiji I will become a crore pati in no time. No doubt Gujaratis have great bargaining power (Gandhiji with Britishers). Moreover in lending-borrowing business we all know the borrower is the King (e.g., Kingfisher).
The post Jiri-Tupul-Imphal rail & bullet train appeared first on The Sangai Express.
Read more / Original news source: http://www.thesangaiexpress.com/jiri-tupul-imphal-rail-bullet-train/