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.....👍✌

Friday, August 23, 2013

Emerging market stocks rebound with currencies as metals advance
The MSCI Emerging Markets Index climbed 0.7% to 928.85 at 9.52am in London, trimming this week’s decline to 3.1%
~Stephen Kirkland  and   Pratish Narayanan
London/Singapore, Fri, Aug 23 2013: Emerging-market stocks rose for the first time in seven days and currencies from India’s rupee to the Turkish lira rebounded. Metals gained while European stocks and US equity-index futures were little changed.
The MSCI Emerging Markets Index climbed 0.7% to 928.85 at 9.52am in London, trimming this week’s decline to 3.1%. The Stoxx Europe 600 Index gained less than 0.1% and the Standard and Poor’s 500 Index futures fell 0.1%. The rupee and the lira rallied from record lows. The yen weakened on speculation Bank of Japan governor Haruhiko Kuroda will reiterate the case for unprecedented monetary easing at the Federal Reserve’s annual conference in Jackson Hole, Wyoming. Copper advanced 0.5%.
Fed Bank of Dallas president Richard Fisher said on Thursday the US economy is strong enough to slow the pace of stimulus, while European Central Bank Governing Council member Ewald Nowotny said good economic news removed the need for further interest-rate cuts. Countries from India to Indonesia signalled they will take steps to support financial markets and Brazil announced a $60 billion intervention programme involving currency swaps and loans.
“Emerging markets should remain very volatile for the remainder of this year as governments try to restore investor confidence and stem capital outflows,” Vana Bulbon, chief executive officer at UOB Asset Management (Thailand) Co. Ltd, which manages about $6.4 billion, said in Bangkok. The global outlook has been improving led by growth in the US, while economies in Europe and China have bottomed out.
Worst week
The MSCI gauge of shares from 21 developing countries rebounded as its worst week in two months drove shares to a six-week low. About $1.5 trillion has been erased from the value of emerging-market equities since US Fed chairman Ben Bernanke said on 22 May policy makers could scale back bond buying.
Benchmark equity gauges in India and South Korea gained more than 1%. The rupee climbed 0.3% against the dollar and the lira added 0.6%. The Thai baht advanced 0.4% and the Malaysian ringgit strengthened 0.3%, rebounding from three-year lows.
The Stoxx 600 has fallen 1.1% this week, its biggest decline in two months. A gauge of personal and household goods companies posted the largest retreat of the 19 industry groups in the index as L’Oreal SA and LVMH Moet Hennessy Louis Vuitton SA both dropped 1.3%.
Afren Plc slipped 3.1% after the oil explorer reported that its profit after tax decreased 39% to $62 million in the first half.
Home sales
S&P 500 futures slipped before a report that may show sales of new houses in the world’s largest economy fell last month. The commerce department release, due at 10am in Washington, will show that Americans bought 487,000 new residential properties at an annual rate in July, compared with 497,000 in June, according to the median estimate of economists surveyed by Bloomberg.
Japan’s currency weakened 0.2% to 98.95 per dollar and 132.10 per euro. The 17-nation common currency was little changed at $1.3348. South Africa’s rand rose against all of its 16 major peers, climbing most against the Canadian dollar.
The pound added 0.2% to $1.5619 after a report showed UK gross domestic product increased 0.7% in the second quarter, exceeding an initial estimate of 0.6%.
Treasuries were little changed, with the 10-year note yield at 2.89%, up six basis points in the week. Bloomberg
Anuchit Nguyen in Bangkok, Emma O’Brien in Wellington, Adam Haigh and John McCluskey in Sydney, Claudia Carpenter, Paul Dobson, Will Hadfield and Shelley Smith in London contributed to this story.

Courtesy: Live Mint