Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Sunday, April 28, 2013

Gold price fall not to impact financiers: AGLOC
Manappuram Finance Ltd (Rs.17.65)  will not  have much impact on the bottomlines, though a lttle dent could come on the toplines, as the value of collateral decreases. Also, FIIs have increased their stake in the company, speaking sequentially. Read the full analysis on my Paid Blog, by becoming a member or joining my recommended brokerage house.
Mumbai: AGLOC, an umbrella body of gold-loan companies, Monday said the current fall in price of yellow metal will not have any impact on the loan portfolios.

"A 15-20 per cent price fluctuation in gold prices will not have any significant impact on the gold loan portfolios of member companies as they have already factored in such fluctuations in the business model," Association Of Gold Loan Companies (AGLOC) said.

The association took a stock of the situation with members following the heavy fall in prices over the last fortnight. From a high in the Rs 33,000 region for 10 grams, the price plummeted to Rs 25,680 last week and is at Rs 26,750 level on Monday, 20 percent down.

The price fall has led to a slew of analyst reports, most of them sounding concerned for the gold loan players. Investors have also turned cautious, as there has been heavy selling in the stocks of gold loan financiers.

The AGLOC statement said it has been "noticed that there is regular redemption of earlier loans sanctioned at higher amount per gram of gold," but added that members companies have been advised to reduce the maximum loan rate commensurate with the prices of the gold.

Though the gold prices have fallen, it has been observed that loan demand continues to be robust in spite of reduction in amount lent per gram, it said.

"The gold loan companies are majorly lending against household jewellery where the impact of such temporary fluctuations on the business model is minimum," AGLOC's president George Alexander Muthoot said.

Muthoot, the largest gold financier, added that most of the lending is under Rs one lakh and that too for a short period of up to six months.

It can be noted that Reserve Bank of India has for long been expressing reservations over the business, specifically about the concentration of risk.

Courtesy: Zee News