Total Sqm area of the new secretariat building including both blocks is 1,55,000 Sqm - But this plinth area is not seated area.

Almost 40 to 50% of the plinth area in Block A is double height atrium which has only two floor. Plinth area is not necessarily habitable area. Image
Secondly, the cost mentioned is estimated cost and not the final cost of the project. The final escalated cost of the project is more than 1474 Crores cited BBC.

India today called it a 1200 Cr project and Wiki sources say it is 1100 Crores. So the cost mentioned is wrong. Image
Secretariat costed ₹95,000/Sqm in 2010/11.

Parliament building is constructed at a cost of ₹1,41,230 in 2020

At 6% inflation, the secretariat building construction will be ₹1,70,131/Sqm today

The same secretariat would have costed 2637 Crores Today.
CAG report had examples of unrealistic and illogical estimates for construction during DMK regime.

If for a small hostel the then govt could come up with faltered estimate, needless to say about the initial estimate for the secretariat. Image
I’ve kept the inflation% moderate considering the $ exchange cost. The actual inflation% is more than 6%. Image

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More from @ikkmurugan

14 Dec
USD to INR Exchange Rates: During different time lines

1980 - 85: Increased by 4.52
1985 - 90: Increased by 4.63
1990 - 95: Increased by 15.42 (High inflow of investment but exchange skyrocketed) - The Economist as FM

By March 1997, India held just $29.3 billion in reserves. Image
Then comes Vajpayee between 1999 and 2004. Exchange rates saw no change. But did not last long, the beginning of the new rise started in 2006.

As of March 2004, reserves stood at $107.4 billion. Increase of $78 Billion in 7 years Image
2005 - 13: Increased by 15.97 in 9 years.

Foreign reserves was about $250 Billion in the year end of 2013-14. Increased by $143 Billion in 10 years.

The actual issue was elsewhere. Declining trend of Reserves/GDP ratio from the beginning of 2007 ImageImage
Read 7 tweets
9 Dec
Fuel Dynamics: Is India really bad on fuel price?

Taxes on Retail Fuel Price

🇮🇳 India - 69%
🇫🇷 France - 64%
🇩🇪 Germany - 64%
🇬🇧 Britain - 62%
🇪🇸 Spain - 53%
🇯🇵 Japan - 47%
🇨🇳 China - 38%
🇨🇦 Canada - 33%
Crude Oil Import as a % on Overall consumption

🇪🇸 Spain - 100%
🇩🇪 Germany - 97%
🇮🇳 India - 80%
🇯🇵 Japan - 78%
🇫🇷 France - 64%
🇨🇳 China - 60%
🇨🇦 Canada - 56%
🇬🇧 Britain - 11%
Total Oil Consumption in bbl/day

🇨🇳 China - 14,056,000
🇮🇳 India - 5,271,000
🇯🇵 Japan - 3,812,000
🇩🇪 Germany - 2,281,000
🇨🇦 Canada - 2,403,000
🇫🇷 France - 1,530,000
🇪🇸 Spain - 1,226,000
🇬🇧 Britain - 1,118,000
Read 14 tweets
7 Dec
After AAP sacking YoYa in 2015, he started campaigning for Farmers in Haryana & Punjab. Gave a lot of interviews during this period till 2019 Lok Sabha election.

No mention of Middlemen in any of these interviews. Not even once.

All his interviews focused only on increasing MSP
He spoke of everything except middlemen in this interview in 2018. Demonetisation affected but no mention of middlemen anywhere google.co.in/amp/s/amp.scro…
Farmers want guaranteed income but no mention of middlemen again google.co.in/amp/s/www.down…
Read 14 tweets
7 Dec
Large Farmers to Middle men to Large Farmers - The vicious cycle

Punjab is an agriculturally developed but land scarce economy. The ownership of land is an economic asset and carries a social prestige in the society. The small farmers find it difficult to keep their land intact.
The number of operational holdings in the state was 11.17 lakh in 1990-91, which declined to 9.97 lakh in 2000-01. The picture of small farmers (< 5 acres of land) was very precarious as their number has declined from 5 lakh to about 3 lakh during this period.
This shows that about 2 lakh small farmers have either leased out or sold their entire land or part of it. A report on the status of farmers who left farming in Punjab states that out of 2 lakh families who left farming, about 36 per cent families have sold their entire land
Read 8 tweets
5 Dec
The Arhtiyas (Middlemen) of Punjab

The Arhtiyas of Punjab are political connected.

In July 2017, in a public function the Arhyiyas felicitated Amarinder Singh with the title of ‘Fakhr-e-Quam’(Pride of the Community).
Post that function, the CM had said it would be difficult to waive off the debt owed by farmers to the arhtiyas.

As many as 86% of farmer & 80% of agricultural labours are mired in debt, says a study on Indebtedness among Farmers & Agricultural Labourers in Rural Punjab.
Its authors, researchers at Punjabi University, Patiala, say over a fifth of that debt was owed to commission agents and moneylenders.

No less than 8,294 farmers took their own lives between 2000 & 2015, says a study presented last year before the Vidhan Sabha’s Committee.
Read 14 tweets
3 Dec
Will Rajini’s entry affect DMK or ADMK or both?

☀️ DMK got 22.5% Votes-1991
☀️ DMK got 42.1% Votes-1996
☀️ DMK got 30.9% Votes-2001
☀️ DMK got 26.5% Votes-2006

🍃 ADMK got 44.4% Votes-1991
🍃 ADMK got 21.5% Votes-1996
🍃 ADMK got 31.4% Votes-2001
🍃 ADMK got 32.6% Votes-2006
Votes Polled
🗳 1991 - 2.5 Cr
🗳 1996 - 2.8 Cr
🗳 2001 - 2.8 Cr
🗳 2006 - 3.3 Cr

How many votes did DMK & ADMK get when they lost?

🍃1991 - ADMK - 1.11 Cr
☀️1996 - DMK - 1.18 Cr
🍃 2001 - ADMK - 88 L
☀️ 2006 - DMK - 87 L
How many votes did DMK & ADMK get when they lost?

☀️1991 - DMK - 55 L
🍃1996 - ADMK - 60 L
☀️2001 - DMK - 86 L
🍃 2006 - ADMK - 107 L

ADMK lost 51 Lakh votes in 96, DMK lost 38 Lakh votes in 2001.

In 2006, DMK just gained 1 lakh votes & ADMK gained 30 Lakh votes but DMK won
Read 18 tweets

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