price of nano

This is the article i read from Rediff and i could not resist writing this in my blog as to how much the people are bleeding in tha name of industrialization. The capitalism daemon is going to ruin us someday if this continues, read below. If you after reading this would say Mamta or people in Singur were wrong i would tell this country is not worth living

1. the state government will provide to Tata Motors a loan of Rs 200 crore at 1 per cent interest per year repayable in five equal annual installments starting from the 21st year(2029) of the date of disbursement of loan.
-> i get personal loan at 15 % and it starts from the day i took loan. calculate this based on 200cr and see the magic numbers ad add it to the cost of nano.


2. This loan was disbursed within 60 days of signing of the agreement in May 2006.
3. electricity for the project at Rs 3 per KwH, against the going rate of Rs 4.15 per KwH
-> cool, the deficit for state electricity board will be paid out by govt , which will be again tax money from middle class people (why i am saying middle class read on, seemingly rich people get tax rebates)

4. In the case of a more than 25 paise per KwH increase in tariff in every block of five years, the government will provide relief through additional compensation to neutralise the additional increase.
-> again tax money
5. computation of the comparison of benefits offered by Uttarakhand and Himachal Pradesh
a. excise exemption for 10 years
b. 100 per cent income tax exemption for the first five years
c. 30 per cent for the next five years.
-> Loss to state and country, imagine like this this money could have gone to develop education or infrastructure.
-> what do you need better road and education for your children or Nano car

6. subsidised the cost of land and the interest paid by Tata Motors on loans taken to build the project
-> remember this is farming land so we lost agriculture of some 1000 acres

7. Industrial Promotion Assistance in the form of a loan = gross VAT and CST received by the government of West Bengal on sales of NANO previous year +interest rate 0.1
-> clear loss of revenue

8. The loan with interest will be repayable in annual installments starting from the 31st(2039) year of sales from the plant

9. 645.67 acres to Tata Motors Ltd on a 90-year lease - annual lease rental of Rs 1 crore per year for the first five years+increase at the rate of 25 per cent after every five years till 30 years(Rs 1291 per acre per month)

- > actual price of land is 20 times of this price

10. After 30 years, the lease rental will be fixed at Rs 5 crore per year, with an increase at the rate of 30 per cent after every 10 years till the 60th year

11. After 60 years, the lease rental will be fixed at Rs 20 crore per year for 645 acres which will be unchanged till the 90th year.

12. 290 acres to vendors - Rs 8,000 per acre 45 years +Rs 16,000 per acre for the next
13. rate for commercial space in the area was around Rs 25,000 per acre per year for high land, 12500 for low land
14. 250,000 cars pe year > 500000
15. Tata Motors told the West Bengal government it would be investing over Rs 1,500 crore and vendors - 500cr


People of india , this is your time to wake up. See who is reaping benefits with your tax money. Why i am saying this is because i come from a state richest in minerals and power, yet the industril belt has benefited my state people in no way and only credit we got is that the place is most polluted place in India. i am talking about Talcher industrial belt. Do a google and see out for yourself.