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.....👍✌



Wednesday, November 20, 2013

PUBLIC SECTOR BANKS
A Mumbai (Bombay) based financial weekly has already given a target of Rs.109, for Allahabad Bank Ltd (Rs.91.50). Also, a Mumbai (Bombay) based brokerage houses  has given a target of Rs.272 for Bank of India Ltd (Rs.232). As of I would suggest you to focus on Infrastructure and Bank Stocks. CLICK HERE
Some of the Public Sector banks such Bank of India (BoI) and Allahabad Bank have beat Street estimates on profits in Q2FY14. The saving grace is, of course, that the pace of slippages, or fresh additions to bad loans, seems to have decelerated, at least for some lenders. 

Allahabad Bank’s slippages in the September quarter stood at Rs.1,200 crore compared with Rs.1,700 crore in the three months ended June.. Loan restructuring, too, has come down with both Allahabad Bank and BoB reporting smaller additions to their recast loan portfolios in the September quarter when compared with June.

Some lenders have guided for better asset quality numbers in the medium term, arguing that the cabinet committee on investment is clearing projects and that the economy has already hit the bottom. While part of that statement is supported by the decelerating rate of slippages and restructured loans, bad loan troubles are far from over.

But then, the main concern related to state-owned banks, namely that of asset quality, hasn’t abated.

Courtesy: Edited excerpts from Live Mint, 31st October, 2013.