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.....👍✌

Saturday, May 25, 2013

FM P Chidambaram Asks Investors To Tap Opportunities At Home
MUMBAI: India Inc should stop looking abroad and focus on tapping huge investment opportunities within the country, especially in the infrastructure sector, which offers long-term benefits, Finance Minister P Chidambaram said on Friday.

"Many of you think that the risks of investing abroad are less than the risk of investing in India. That is another short-sighted view. The long term benefits of investing in India outweigh the benefits of investing abroad," he said while speaking at a seminar to mark 25 years of Sebi.

Most important challenge before the country is to revive the investment cycle, he said.

"I would urge investors to rebalance the portfolio and invest more in India. This is where the market is, this is where the market will shift, this is where the demand is, this is where demand will continue to be robust over the next 20-30 years. Indian investors must invest more in India rather than invest abroad," Chidambaram said.

The government had set up a Cabinet Committee on Investment, under Prime Minister Manmohan Singh, to accord fast track clearances to large infrastructure projects.

Observing that there are lot of opportunities for investment in infrastructure sector, Chidambaram said pension fund and provident fund money needs to be mobilised to ease pressure on banks and financial institutions.

"Long term finance still continues to shy away from any kind of risk bearing investment ... We must find some way in which Provident Fund, pension funds invest in infrastructure and other long term projects," he said. India requires USD 1 trillion infrastructure investment in the 12th Plan period ending March 2017.

Regretting that often projects are delayed because of internal and external reasons, Chidambaram said: "We must find some ways in which these risks are mitigated that investors feel confident that if he puts money in long term project in India, the project will be implemented on time, in original cost envelope".

Chidambaram said a large amount of money is flowing into India. In 2012, India received portfolio investment of USD 31 billion. Till mid-May this year, the FII investment is USD 17 billion. "We need to maintain the momentum," he said.

Replying to a query on the decline in rupee, he said flows are copious and there was no reason for rupee to take a beating. The rupee dropped to nearly 9-month low of 56.01 to the dollar yesterday. However, it gained some ground and closed at 55.62 today.

On the impact of scaling back of stimulus by the Federal Reserve on India, Chidambaram said: "The money flowing into India are still modest. They are still a fraction of the overall liquidity that is being pumped into the system. I think there may not be a great impact on India".

US Federal Reserve chairman Ben Bernanke's remarks about the possibility of scaling back of stimulus with improvement in economic conditions sent the global stock markets including that of India into a tizzy.

"The volumes (of FII money into India) are still modest if you look at the total money that is being pumped into the system. So while QE will certainly hurt all countries, if you take all countries together, I don't see why we should not get what we are getting even if they withdraw from Quantitative Easing," Chidambaram said.