ALL THESE SO CALLED TOP CEOs and CFOs are CROOKS...THEY JUST LOOT THE COMPANY BY TAKING ALL THE INCENTIVES AND FAT SALARIES...IF THEY CARE SO MUCH ABOUT COMPANY...THEY SHOULD SLASH THEIR SALARIES AND PAY PEOPLE AT THE GRASS ROOT LEVEL WHO ACTUALLY WORK HARD LIKE DOGS AND EARN CRORES AND CRORES OF RUPEES FOR THESE PEOPLE.INDIAN WORK CULTURE IS GETTING WORSE BY THE DAY...NEVER JOIN THESE COMPANIES....TATA, RELIANCE, ACCENTURE, ICICI BANK....they r very bad employers.
TCS is worst software company followed by Accenture...the former pays peanuts to employees and the latter has use and throw culture...non of the companies know how to develop talent...its like if u know how to do it..come in else..move out...horrible companies...dont join these 2 companies.
u dont have any right to talk on clean biz man.ur talks with radia have been resonating in people's mind since they were leaked. traitors of the country should be hanged
Ratanji, We too were proud of you till we heard you talking to traitors of India. Now you can again become clean by immersing yourself in the Ganga of " Apology to the Nation"
I had been working two different TATA companies. We know how the TATA biz was going. Please dont say that you want to be a clean biz man. Please say that a successful biz man. If you want to be clean biz man biz wont be with you.
A few months ago, Tesla Motors in California was given a land of only 100 acres and only for 30 year lease. The investment by Tesla is $250 mln and at Rs. 47/- per $, it translates to Rs.1,175 Cr which is nearly equal to Tatas investmetn of Rs.1,300 Cr (2000 cr plus, is hog wash. Excess above is only cost overruns!) but on a land of 10 times higher i.e. 1000 acres for a 90 year lease.
If Tesla can produce cars on a similar investment with 1/10th of the land, why Tatas want 10 times of that land?
If Tatas are producing a common man car, Tesla is producing an equally impressive far superior high technology green car!
Even in Capitalist US which has 3 times of Indias land with only 1/3 of Indias population, gives only 1/10 of land and only for 1/3rd of the lease period and that too non-farming land which is not acquired forcibly from private individuals. Contrary to popular perception, land is scarce in India.
Why free market pundits do not advocate free market costs, particularly when the products are sold at market driven prices but not on subsidies either to the farmers or WBIDC or the Govt?
Efficiency of private sector can not be gauged in this method.
The argument of Govt earning taxes is crap! All taxes are pass-throughs to end customers; while profits remain with Tata Motors.
Secondly, I have not taken into account sales tax loans, tax holidays etc., which will subsidise t
Re: USA & SINGUR- NANO & TESLA- CAPITAL
by Kabeer on Feb 13, 2011 06:55 PM
Tatas pay lease rent on 1000 acres 1-5 years @ 1 cr per year 5 cr 6-10 years @1.25 Cr per year 6.5 Cr., 11-15 years @1.56 Cr per year 7.8 Cr 16-20 years @ 1.95 Cr per year 9.75 Cr., 21-25 years @ 2.44 Cr per year 12.2 Cr., 26-30 years @3.05 Cr per year 15.25 Cr., 31-40 years @ 5 Cr per year 50 Cr., 41-50 years @ 6.5 Cr per year 65 Cr., 51-60 years @ 8.45 Cr per year 84.5 Cr 61-90 years @ 20 Cr per year 600 Cr
A total rent of 856 Cr.
Compare this with interest WBIDC has to pay on a loan 150 Cr taken @ 10% p.a. to acquire the land for Tatas!
Interest @ 10% on a loan of 150 Cr for 90 years = 1350 Cr Add Principal Rs. 150 Cr., An aggregate cost to WBIDC Rs. 1500 Cr. Against which it receives a lease rent of only 856 Cr., i.e. a Subsidy of 644 Cr (1500-856) (interest benefit due to the back-ended payments in favour of Tatas not factored)
Plus
WBIDC sanctioned a 5 year loan of 200 Cr only @ 1% p.a. interest to Tatas. If you take 11% Bank FD rate, then the cost to WBIDC is 10% (11-1) For a 5 year term it translates to 50% on 200 Cr loan i.e 100 Cr additional subsidy
Total subsidy = 644;100 = 744 Cr Cost of project= 1300 Cr., Subsidy as a % of project cost: 744/1300 i.e. 57%
Electricity tariff is only 3/- per unit (KWH) i.e. the lowest domestic slab against 10/- per unit (CERC Peak load hour rate) for industrial supply in a power starved state i.e a subsidy of 67%!
The original TATA was a great visionary. This fellow Ratan is a shame who is ruining all the years of trust that the name TATA had inspired. First was the Nano incident where Ratan joined with communists and terrorised the people of Bengal. He was thrown out of Bengal. Now the Nira Radia tapes clearly show that this TATA is no better than a thief.
