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, January 10, 2014

Gold, Silver Imports by India Tumble as Government Keeps Curbs
Any decision on relaxing restrictions on imports will have to be taken by the Finance Ministry, Rao said today. “I am sure the finance minister will consider all the relevant facts,” he said.
Photo: Financial Times
Jan 10, 2014: India’s gold and silver imports slumped 69 percent in December after the government curbed purchases to contain the current-account deficit that weakened the rupee to a record low last year.

Inbound shipments of the precious metals were valued at $1.77 billion last month, compared with $5.68 billion a year earlier, Commerce Secretary S.R. Rao told reporters in New Delhi today. Imports declined 30 percent to $27.4 billion in the nine months through December, he said.

Imports tumbled after the government increased the tax on purchases three times in 2013 to 10 percent, linked shipments to re-exports and tightened financing rules to curtail a record current-account deficit that pushed the rupee to an all-time low against the U.S. dollar. Curbs should be retained at least until March to stabilize the trade gap, Economic Affairs Secretary Arvind Mayaram said Jan. 7.

India is seeking to cut purchases to 800 metric tons this financial year from 845 tons a year earlier. Imports totaled 423 tons in the six months through September, according to the World Gold Council.

Bullion, which posted the first annual drop since 2000 last year, was at $1,235.91 an ounce at 2:08 p.m. in Mumbai today. Gold tumbled 28 percent in 2013, erasing more than $73.4 billion from the value of gold-backed funds as some investors lost faith in the metal as a store of value.

Any decision on relaxing restrictions on imports will have to be taken by the Finance Ministry, Rao said today. “I am sure the finance minister will consider all the relevant facts,” he said.

To contact the reporters on this story: Prabhudatta Mishra in New Delhi at pmishra8@bloomberg.net; Unni Krishnan in New Delhi at ukrishnan2@bloomberg.net.

Courtesy: Bloomberg