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, June 16, 2013

IVRCL Ltd: Patterns are being formed

The scrip of IVRCL Ltd was recommended earlier also around Rs.15.50, for a target of Rs.19-21, as the infrastructure sector is expected to gather steam in the coming days, following a CRR cut by the RBI. 

Also, the banks will now slowly start thinking of passing on the earlier repo rate cuts by the RBI, to the corporate world. The scrip of IVRCL Ltd is still in a buy mode. 

The Indian infrastructure sector continued to languish in FY13 due to poor macroeconomic forces, policy gridlock and political instability. Delays in land acquisition and environmental clearances and poor enforcement of contracts. However, the input costs have started to come down due to fall in inflation. Also, some areas are showing some developments: the telecom sector saw the emergence of the National Telecom Policy, a cohesive document covering a broad range of communication services. In both civil aviation and power sectors, the Government of India has approved foreign investment of 49 per cent, bringing relief to the heavily leveraged public and private companies
progress. The 12th Five-Year Plan projects the total investment in infrastructure during the period to be Rs.51.46 trillion, with 47 per cent contributed by private participation and 53 per cent by the central and state governments. 

In the Union Budget FY14, the FM, P Chidambaram, spoke of encouraging Infrastructure Debt Funds (IDF) so as to mobilize funds to meet the XIIth Plan $1 trillion infrastructure investment target. Through take-out financing, credit enhancement etc, IDFs will provide long term, low cost financing for infra projects. India Infrastructure Finance Company Ltd ( IIFL) in partner with Asian Development Bank (ADB) was set to provide credit enhancement to infrastructure companies wanting access to bond market to tap long term funds. Since the policy paralysis, has come down a bit and FM talking of giving stress on infrastructure, this sector has started to look attractive. CMP: Rs.16.15.