After the Tatas were thrown out of West Bengal no industry has come up in West Bengal as a result the youth of West Bengal are migrating to other states in search of livelihood.The only business which is thriving is the extortion business or the syndicate business of the goons patronized by the political leaders to stay in power.
Re: No industries in West Bengal
by paul theo on Apr 29, 2016 10:08 AM
REMOVING THE NANO PROJECT FROM BENGAL WAS THE HANDIWORK OF MAMTA, NOW SHE WILL BE DEFEATED BY THE CONG- CPM FOR SURE HUGE LOSS FOR TATA IN SHIFTING THE FACTORY.
If Nano would have been there in West Bengal then definitely it would have faced lots of strikes and shut down so many times in last eight years & would have been resulting in a loss making venture for TATA.
you will find a lot of natives from the State work as domestic helps, construction site labourers, plumbers, carpenters, waiters, cooks, dance bar staff (bar bilishinis ?) in the States of Maharashtra, Gujarat, Kerala, Karnataka and Andhra Pradesh. Modi bashing helps score political brownies, but does not help fill stomachs, after all :(
the indoctrinated realise that Punji, is not the dole handed out by the Paji, but trust and faith imposed upon the Babaji, in the hope of earning Munafa, got that Ji ?
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%!
Re: How Tatas wanted to rip Bengal off but failed: instead ripped
by ASHOK UPADHYAYA on Apr 28, 2016 08:08 PM
Other benefits... Sales tax, income tax income, employment other anciliary units etc .... The value of surrounding land increase., remote benefits are much more.....
Re: How Tatas wanted to rip Bengal off but failed: instead ripped
by paul theo on Apr 29, 2016 10:11 AM
THE LADY FROM BENGAL WITHOUT ANY BRAINS, SHE HAD THE OPPERTUNITY TO INDUSTRIALISE BENGAL, BUT LOST THE CHANCE
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%!
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%!
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%!
Recently I visited kerala and was sad to see Bengalis working as casual labours there. they are from the age of 15-21. they are paid 5k -7 k a month. they are in large numbers. this shows that they have no job opportunities in the state. I think the govt at Bengal is only interested to keep the maximum population poor & illiterate so that the people will work as slave for generations.
I request some educated lot should enlighten this poor guys to study further and obtain a job.
The mighty tatas would have surely given opportunity to 1000s directly & indirectly.
when will our country wake up and be free from the hands of illiterate rulers.
